Department of Economic Development (Dubai)

Last updated

The Department of Economic Development (DED) of the Emirate of Dubai is a government body entrusted to set and drive Dubai's economic agenda within the broader governance systems of the United Arab Emirates. The DED and its agencies develop economic plans and policies, identify and support strategic sectors, and provide services to domestic and international investors and businesses. [1]

Contents

The DED was established in March 1992 [2] and in October 2008 Sheikh Mohammed bin Rashid Al Maktoum, Ruler of Dubai, issued decree no. 25 giving the DED the responsibility to plan and regulate the overall economic performance of Dubai, supervise its functions and support the economic development to ensure the objectives of the Dubai Strategic Plan are achieved.

According to its website, "the DED supports the structural transformation of Dubai into a diversified, innovative service-based economy that aims to improve the business environment and accelerate productivity growth." [1]

The mandate of the DED extended through four new agencies under its umbrella to include export development, retail development, entrepreneurship development and foreign investment. These sectors are the responsibility [3] of the Dubai Export Development Corporation, Mohammed Bin Rashid Establishment for Young Business Leaders, Dubai Shopping Festival Office and the Foreign Investment Office. [2]

The DED was the 2012 winner of the 'Distinguished Government Entity' in the Government of Dubai's excellence programme. [4]

Services Offered By DED

There are number of services offered by DED to existing business owners and budding entrepreneurs in Dubai. The online services (e-services) offered by DED on their web portal (https://eservices.dubaided.gov.ae) are:

Legal contract related services provided are:

Also, you can get answer of your enquiries related to

Source: [5]

Related Research Articles

<span class="mw-page-title-main">Emirate of Ajman</span> Emirate, one of the constituents of the United Arab Emirates

The Emirate of Ajman is one of the seven emirates of the United Arab Emirates. It joined the United Arab Emirates federation on December 2, 1971. It has an area of 259 square kilometers, which makes it the smallest of the emirates in terms of area, while its population of approximately 504,846 in 2017 according to the Federal Competitiveness and Statistics Center makes it the fourth most populous emirate in the country. It is named after the city of Ajman, which is its seat of government. The main landmass of the emirate is a semi-enclave, surrounded on the north, east, and south by the Emirate of Sharjah.

<span class="mw-page-title-main">Mohammad Al Gergawi</span> Politician of the United Arab Emirates

Mohammad Abdullah Al Gergawi is an Emirati politician who is the minister of cabinet affairs of the United Arab Emirates and the chairman of the Executive Office of Sheikh Mohammed bin Rashid Al Maktoum, in the government of Dubai.

<span class="mw-page-title-main">Dubai World Trade Centre</span> Building in Dubai, United Arab Emirates

Dubai World Trade Centre (DWTC) is a convention and exhibition centre. 

<span class="mw-page-title-main">Mohamed Alabbar</span> Emirati businessman

Mohamed Ali Alabbar is an Emirati businessman, best known as the founder of Emaar Properties, the developer of assets such as the Burj Khalifa and the Dubai Mall, as well as the founder and chairman of Eagle Hills, an Abu Dhabi–based private investment and real estate development company.

<span class="mw-page-title-main">Emirate of Dubai</span> Emirate, one of the constituents of the United Arab Emirates

The Emirate of Dubai is one of the seven emirates of the United Arab Emirates. It is the most populous emirate of the UAE. The capital of the emirate is the eponymous city, Dubai.

The government of Dubai took a decision to diversify from a trade-based, oil-reliant economy to one that is service and tourism-oriented. This has made real estate and other developments more valuable, thus resulting in a property boom from 2004 to 2006. Construction on a large scale has turned Dubai into one of the fastest-growing cities in the world. There are a number of large-scale projects which are currently under construction or are to be constructed in the future. Due to the heavy construction which is taking place in Dubai, 30,000 construction cranes, which are 25% of cranes worldwide, are operating in Dubai. Due to the burst of construction, Dubai has acquired various building-related records, which include: the world's tallest tower, the world's largest shopping mall, the world's largest fountain and the world's tallest hotel. Also under construction is Dubailand, which will be almost twice the size of the Walt Disney World Resort.

<span class="mw-page-title-main">Maktoum bin Mohammed Al Maktoum</span> Minister of Finance of the United Arab Emirates

Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum is an Emirati royal and politician who serves as minister of finance of the United Arab Emirates, deputy ruler of Dubai and chairman of Dubai Media Incorporated. He was named as deputy ruler in February 2008 when his elder brother Hamdan was made crown prince. He served as deputy ruler alongside his uncle Sheikh Hamdan bin Rashid Al Maktoum until the latter's death in March 2021. Since then until 2023, he was the sole deputy ruler under his father Mohammed bin Rashid Al Maktoum's reign. In April 2023, his younger brother Sheikh Ahmed bin Mohammed Al Maktoum was also named deputy ruler. In September 2021, he was appointed deputy prime minister and finance minister of the UAE.

<span class="mw-page-title-main">Mohammad Al Gaz</span> Emirati financier and developer

Mohammad Abdallah Al Gaz, was a financier, developer, diplomat, central banker and philanthropist in the early years of the United Arab Emirates. Al Gaz became a member of Dubai’s first generation of market-making investors and developers in the 1950s through his famous partnership with Juma al Majid.

<span class="mw-page-title-main">Noor Bank</span> Islamic bank in Dubai, United Arab Emirates

Noor Bank was established in January 2008, in Dubai - United Arab Emirates.

<span class="mw-page-title-main">Dubai Multi Commodities Centre</span> Free-trade zone in Dubai

Dubai Multi Commodities Centre (DMCC) is the UAE's largest free-trade zone that is located in the Jumeirah Lake Towers district of Dubai. Created in 2002, it serves as a commodities exchange that deals in four main sectors: precious commodities ; energy; steel and metals and agricultural commodities. In August 2020, the Investment Corporation of Dubai, a sovereign wealth fund, became the parent company of the autonomous DMCC as part of a major restructuring.

The Mohammed bin Rashid Al Maktoum Knowledge Foundation (MBRF) was founded on May 19, 2007 by Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. Sheikh Mohammed stated that the money is meant to bridge the knowledge gap between the Arab region and the developed world, improving the standard of education and research in the region, developing leadership programs for youth, and stimulating job creation.

<span class="mw-page-title-main">Suhail Al Mazroui</span> Emirati businessman and politician

Suhail Mohammed Faraj Al Mazroui is an Emirati businessman and politician, who has been serving as the minister of energy in the United Arab Emirates since March 2013.

<span class="mw-page-title-main">Dubai Airport Freezone</span>

Dubai Airport Freezone is a designated free economic zone in Dubai, United Arab Emirates, providing company formation and business setup services in Dubai. DAFZ is home to more than 2,000 registered businesses from over 20+ sectors and various industries, with 20,000+ professionals.

The following is a timeline of the history of the city of Dubai, United Arab Emirates.

<span class="mw-page-title-main">United Arab Emirates corporate law</span>

United Arab Emirates corporate law regulates the governance, finance and power of corporations in the United Arab Emirates (UAE) through UAE law. Every emirate has its own basic corporate code.

<span class="mw-page-title-main">Government of Dubai</span> Government of the Emirate of Dubai

The Government of Dubai is the subnational authority that governs the Emirate of Dubai, one of the seven constituent monarchies which make up the United Arab Emirates. The executive authority and head of the government is the Ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum. The Ruler of Dubai appoints the Dubai Executive Council, which is led by the crown prince of Dubai and is responsible for the day-to-day management of Dubai Government agencies such as the Dubai Municipality and numerous other governing entities.

<span class="mw-page-title-main">Investment Corporation of Dubai</span> Sovereign wealth fund from the United Arab Emirates

Investment Corporation of Dubai is the principal investment arm of the Government of Dubai focused on strengthening Dubai’s economy through long-term value and wealth creation and investing in global opportunities. Established in 2006, ICD manages the Government of Dubai Portfolio of commercial companies and investments. In 2022, ICD reported assets worth $320 billion and revenue of $73 billion. The Dubai-based corporation provides strategic oversight, develops and implements investment strategies and corporate governance policies, and operates in multiple sectors, including oil and gas, transportation, banking, and financial services.

<span class="mw-page-title-main">Latifa bint Mohammed Al Maktoum (born 1983)</span> Sheikha

Sheikha Latifa bint Mohammed bin Rashid Al Maktoum is the chairperson of Dubai Culture & Arts Authority and a member of Dubai Council. She is also the vice chairman of Emirates Literature Foundation, a board member of Mohammed bin Rashid Global Initiatives and honorary president of the Association of Graduates of Zayed University in Dubai.

References

  1. 1 2 "About the Department of Economic Development". Archived from the original on 13 March 2014. Retrieved 13 March 2014.
  2. 1 2 "Department of Economic Development » Services » Shop » the Dubai Mall". Archived from the original on 13 March 2014. Retrieved 13 March 2014.
  3. "Costs & Requirements for Mainland Business Setup in Dubai 2024 | Firmz". firmz.ae. 9 February 2024. Retrieved 10 February 2024.
  4. "الرئيسية - صاحب السمو الشيخ محمد بن راشد آل مكتوم". Sheikhmohammed.co.ae. Retrieved 11 July 2017.
  5. "e-Services". eservices.dubaided.gov.ae. Retrieved 9 May 2024.