Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, affirmed that the success story that the UAE continues to write through remarkable achievements across various sectors is the result of a unique and comprehensive development system built fundamentally on a genuine and effective partnership and complete alignment between the public and private sectors, harmonizing their efforts. The state has established a unique model for this partnership based on mutual interests and a commitment to empowering partners to seize every opportunity for success, development, and growth.
This came during a meeting with dignitaries from the country, businessmen, and investors, attended by Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance, and Sheikh Ahmad bin Mohammed bin Rashid Al Maktoum, Second Deputy Ruler of Dubai, at the Union House in Dubai, gathering numerous dignitaries, heads and directors of departments, authorities, and institutions, along with several investors and businessmen, as part of his weekly council.
During the meeting, the Ruler of Dubai stated that "the UAE has established solid foundations for an inspiring development journey through a model partnership between the public and private sectors," affirming that the state sets the example in ensuring the best possible conditions for the prosperity of the business community, with an approach of openness to ideas and a commitment to actively listening to partners, whether from businessmen within the country or investors from around the world, in order to adopt the best ideas that serve development efforts aimed at benefiting everyone.
He added, "We have established in Dubai a business-supportive environment based on openness, flexibility, and transparency, protected by clear frameworks of laws, regulations, and organizational rules that are subject to continuous evaluation and review… thus making us a preferred destination for the world’s investments… and our efforts to ensure the best conditions and capabilities that support the growth of our partners’ businesses are relentlessly driven by dedicated national personnel who have proven their competence and merit to be at the forefront of development."
Sheikh Mohammed bin Rashid Al Maktoum highlighted the role of the business community in achieving the broad development goals set for the upcoming phase, stating: "Our journey is advancing rapidly in various fields of development… and our goals for the future are significant… and the business community is a main partner in achieving them."
He emphasized during the meeting the responsibility of the local business community and its role in promoting the entrepreneurship sector and contributing to its growth and expanding its base by motivating more youth to engage in private business in all its forms and launching new projects while considering innovation as a condition for success, particularly as there are numerous growing sectors that offer many opportunities, including tourism, trade, and technology.
He said, "Joint efforts are essential to prepare new batches of entrepreneurs… and creative thinking paves the way for startups to reach global markets… and we spare no effort in motivating youth and paving the way for their projects to grow and prosper."
