Cost of Doing Business in Dubai To Be Reduced

His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai's Crown Prince and Chairman of The Executive Council of Dubai, on Wednesday June 9 has issued directives to reduce government-related procedures for doing business by 30%.

The directives will be implemented within the next three months.

Dubai’s public & private sectors have a long-standing partnership, and as part of expanding its scope,we are seeking to grant the private sector more access to govt projects.We will also continue efforts to further enhance Dubai’s business environment & investment attractiveness.

— Hamdan bin Mohammed (@HamdanMohammed) June 9, 2021

"We will continue to work on unlocking new opportunities for businesses and investors to help them grow. Promoting partnerships with the private sector is a key strategic objective for Dubai," said Sheikh Hamdan.

.@HamdanMohammed: Under the guidance of Vice President and Prime Minister of the #UAE and Ruler of #Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum, we have made significant progress in strengthening Dubai’s economic recovery. pic.twitter.com/GjaVhDNfiU

— Dubai Media Office (@DXBMediaOffice) June 9, 2021

The latest directives were issued during a meeting chaired by Sheikh Hamdan in the presence of H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and First Deputy Chairman of The Executive Council of Dubai.

Dubai’s wide-ranging support measures since the onset of the pandemic, especially its five stimulus packages worth AED 7.1 billion, have helped the private sector ease financial pressure and reduce operating costs.