H.H. Sheikh Hamdan Attends 2024 Dubai Majlis to Propel Economic Growth

Dubai, The Gulf Observer: H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai, attended the 2024 edition of Dubai Majlis today. Co-hosted by the Dubai Department of Economy and Tourism (DET) and Dubai Chambers at Qasr Al Bahr, the annual forum aims to identify innovative partnership opportunities and accelerate capital deployment in priority sectors to further propel Dubai’s economic growth.

Sheikh Hamdan highlighted Dubai’s commitment to solidifying its status as a global economic hub, driven by the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai. “Under his guidance, we are dedicated to creating the best environment for sustainable economic growth and leveraging all our resources to further raise the city’s global competitiveness,” he stated.

Sheikh Hamdan reiterated the city’s commitment to achieving the ambitious targets set out in the Dubai Economic Agenda D33, which includes doubling the size of Dubai’s economy and transforming it into one of the world’s top three urban economies. He attributed Dubai’s robust growth across all vital sectors to strategic planning, high levels of institutional efficiency, flexible procedures, and the ability to keep pace with global trends. “Dubai’s ability to create an economic ecosystem that delivers competitive advantages and high growth for businesses has earned it the trust of global investment institutions and major international companies,” he added.

The Dubai Majlis served as a platform for leaders to strategize on maintaining the momentum of the Dubai Economic Agenda D33. Building on positive engagement with industry leaders from previous events, this year’s forum emerged as a hub for pioneering economic development strategies under the guidance of H.H. Sheikh Hamdan and the follow-up of H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance, with close cooperation between government entities and private sector establishments.

The forum brought together over 200 industry leaders, entrepreneurs, key representatives of UAE-based multinational companies, international investors, and senior officials from Dubai government entities. They engaged in roundtable discussions on sector-specific topics and opportunities to build new forms of partnerships and leverage Dubai’s competitive advantages to drive sustainable growth.

Attendees included His Excellency Abdul-Aziz Abdulla Al Ghurair, Chairman of Dubai Chambers, and Helal Saeed Almarri, Director-General of Dubai Department of Economy and Tourism. The forum showcased the successful “One Dubai” approach, aimed at adopting a unified front in driving economic progress across sectors, including family-owned businesses, investors, banks, state-owned enterprises, and multinational corporations. This approach underscores Dubai’s commitment to building strong, dynamic partnerships between the public and private sectors.

Participants engaged in substantive dialogue, focusing on the emirate’s achievements since the launch of the D33 Agenda, priority industries, and initiatives. Discussions also centered on emerging market trends, evolving economic policies, and reforms aimed at maintaining Dubai’s competitive edge and consolidating its position as a leading global city for business, leisure, and as the best city to visit, live, work, and invest in.

For the business community, the Dubai Majlis signifies another key step towards realizing the city’s economic aspirations and an opportunity to reaffirm their continued support for the visionary leadership’s goals, further accelerating momentum and bolstering Dubai’s position as a leading hub for innovation, investment, and sustainable development.