Dubai achieves 61% reduction of government procedures for doing business, surpassing its 30% target; 95% reduction achieved in licensing requirements

Dubai achieves 61% reduction of government procedures for doing business, surpassing its 30% target; 95% reduction achieved in licensing requirements

DUBAI, 31st October, 2021 (WAM) -- As part of implementing the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to enhance the emirate's economic attractiveness and attract quality investments, H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council, affirmed that the Dubai government will work to accelerate the full completion of its business enhancement initiatives focused on creating promising new opportunities for investors by the first quarter of next year.

H.H. Sheikh Hamdan affirmed that Dubai will continue to create the conditions required to reinforce its status as a preferred global investment destination, backed by the flexibility and effectiveness of its government procedures and the numerous advantages it offers investors.

The announcement follows a meeting held in the presence of H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, in Nad Al Sheba, featuring officials from various government entities. During the meeting, the General Secretariat of The Executive Council reviewed the results of the implementation of His Highness' directives last June to streamline processes related