Continued innovation is key to retaining Dubai’s resilience

Continued innovation is key to retaining Dubai’s resilience

Dubai’s economy expanded 4.6 per cent year-on-year to Dh307.5 billion during the first nine months of 2022

Dubai’s economy is founded on strong principles of income diversification by developing strategic sectors, promoting future-focused economic activities, implementing prudent fiscal policies, and constantly upgrading regulatory and legal frameworks to encourage investment and support business.

Published: Mon 12 Dec 2022, 7:50 PM

Dubai’s economy expanded 4.6 per cent year-on-year to Dh307.5 billion during the first nine months of 2022, reflecting the emirate’s resilience underpinned by thriving public-private partnerships and prudent government policies.

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, said on Monday the exceptional performance of the economy was the result of the efforts of various government and private entities to make Dubai’s economy a global benchmark in sustainability and resilience in line with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.

“We call upon all sectors to continue innovating and pivoting to maintain Dubai’s leading position as a resilient and dynamic economy,” Sheikh Hamdan said, adding that the achievement is a testimony to Dubai’s burgeoning public-private partnerships and prudent policies.

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