DED Honours Dubai Team on Doing Business 2010 Report

DED is Department of Economic Development has honored the Dubai team that has been involved in fulfilling the requirements of ‘Doing Business 2010’ report of the World Bank and International Finance Corporation. The Director General of DED, His Excellency Mr Sami Al Qamzi honored the team. The country’s position has been elevated to No 33 by 14 ranks up. The concerned efforts of governmental organizations in the UAE have contributed in this high ranking. The focused efforts have paid rich dividends in getting an internationally known position. The ceremony was attended by the Secretary of the Emirates Competitiveness Council (E.C.C.), General Abdullah Nasser Lootah.

The government aimed at implementing business friendly initiatives thus, driving foreign investment and entrepreneurship. Mr Sami Al Qamzi said: “The ranking highlights the positive trends in the UAE's economic environment that contribute to the country becoming the destination of choice for local and international investors.” Among various key achievements the quantum jump that UAE achieved in the category ‘Dealing with Construction Permits’. The rankings have been improved from 54 to 27. Moreover, the rankings have also been moved up in ‘Registering Property’ from 11 to 7 and ‘Trading Across Borders’ from 13 to 5.

Mr Qamzi further added: “These positive shifts in the ranking not only highlight the focus of the government in improving trade and the prospects of the property sector but also demonstrate how the businesses have responded to the governmental initiatives.” The resolution 4/2009 has been approved by the Executive Council of Dubai in order to develop business activities. Headed by DED with Dubai Land Department, Department of Legal Affair, Dubai Customs. The team also cooperated with various other government departments including Dubai Electricity and Water Authority (DEWA), Dubai Ports Authority and Dubai Courts highlighting UAE achievements with regard to the business environment.