H.E Abdulla Bin Touq Al Marri, UAE Minister of Economy, has reiterated the importance of the partnership between the public and private sectors during a meeting with H.E Dr. Ahmad Belhoul Al Falasi, Minister of State for Entrepreneurship and SMEs; and H.E Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, with H.E Majid Saif Al Ghurair, Chairman of the Dubai Chamber, and H.E Hamad Buamim, President and CEO of Dubai Chamber and a number of senior Chamber officials. During the meeting, H.E Abdulla Bin Touq Al Marri indicated that the UAE, since its inception, has believed in the importance of integrating roles between the government and the business community and had succeeded in developing an integrative relationship based on mutual trust between the two sides.

The meeting reviewed future economic trends and clarified the purpose of economic stimulus packages. Furthermore, the general framework of 33 initiatives adopted by the government were reviewed, followed by a discussion on how both sectors can complement each other’s roles to achieve the country’s economic vision.

H.E Bin Touq said: "The UAE’s business environment enjoys many competitive advantages, most notably the efficiency of companies operating in the private sector and their ability to adapt to changes, develop work mechanisms and overcome economic challenges."

“The whole world is now facing unprecedented and challenging circumstances, but we, in the UAE, are led by a wise leadership and a highly competent and efficient government that functions according to proactive strategies that are not only aimed at dealing with the current situation, but also envisage long term sustainable development prospects. Our leadership is working on effectively capitalizing future opportunities and creating the necessary policies and infrastructure to maximize their potential.”

Dr. Ahmad Belhoul Al Falasi, said that building a resilient, diversified and sustainable economy is the main focus in the next stage, and all government efforts are being concerted to achieve it by meeting a number of immediate priorities. It supports partnership with the private sector and the development of a supportive, dynamic and innovative environment for entrepreneurs in the country. This is most needed to stimulate economic activity and create new opportunities and further diversify the economic base, he added.

H.E Dr. Thani bin Ahmed Al Zeyoudi said that one of the strengths of the country's economy is the presence of effective institutions to represent the private sector that greatly contribute to creating harmony and integration between the visions and requirements of the public and private sectors, by involving the business community in decision-making regarding the development of the economic climate. He emphasized that national and foreign investors are an integral part of the economic and developmental aspirations of the country, and that the Ministry has always remained keen to communicate directly with investors to understand the ground realities of the business environment and measure the impact of the measures and initiatives that are implemented to serve this vital sector.

H.E Majid Saif Al Ghurair, Chairman of the Dubai Chamber, called for intensified collaboration between the public and private sectors to continue driving growth and economic development. “Led by its futuristic vision supported by state-of-the art infrastructure, Dubai is able to offer services and economic incentives to enable business development. H.E Hamad Buamim, President and CEO of the Dubai Chamber of Commerce and Industry, said: “Dubai Chamber provides a range of services to support and protect the emirate’s business community. We have been working closely with the Ministry of Economy over the years to drive sustainable economic growth. Together, we have launched initiatives to create an investment-friendly environment, enhance economic performance, and foster closer partnerships between the government and private sectors.”

Source- Press Release