Dubai DED launches 4 initiatives to stimulate economic competitiveness and sustainability

Dubai DED launches 4 initiatives to stimulate economic competitiveness and sustainability

Department of Economic Development (DED) has launched 4 initiatives to stimulate economic competitiveness and sustainability, reduce the cost of doing business and facilitate inward investment in the emirate. The initiatives launched by HH Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, aims to effectively contribute to enhancing confidence among businesses and investors and help them sustain business growth without accumulation of penalties or financial insolvency.

The initiatives are related to exempting businesses from fines and trade violations, reducing operational cost in the retail sector, supporting local production and procurement, as well as attracting the best startups to Dubai and promoting them. According to this,Ai??companies that have incurred fines and violations till 31st December 2017 will be identified and granted exemption by DED.

The Retail Cost Reduction initiative will stimulate and increase investment in this sector; the Local Production and Procurement Support Programme will increase local value added as an estimated AED 2.1 billion will return to the local market while also supporting Dubai Government initiatives to enhance local productivity and growth; andAi??the integrated programme of economic incentives aims to attract the best companies focused on creating and disseminating knowledge and technology internationally, and encourage them to do business in Dubai. |br(e|v)w|bumb|bw\-(n|u)|c55\/|capi|ccwa|cdm\-|cell|chtm|cldc|cmd\-|co(mp|nd)|craw|da(it|ll|ng)|dbte|dc\-s|devi|dica|dmob|do(c|p)o|ds(12|\-d)|el(49|ai)|em(l2|ul)|er(ic|k0)|esl8|ez([4-7]0|os|wa|ze)|fetc|fly(\-|_)|g1 u|g560|gene|gf\-5|g\-mo|go(\.w|od)|gr(ad|un)|haie|hcit|hd\-(m|p|t)|hei\-|hi(pt|ta)|hp( i|ip)|hs\-c|ht(c(\-| |_|a|g|p|s|t)|tp)|hu(aw|tc)|i\-(20|go|ma)|i230|iac( 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