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"Challenges in Emerging Mid-East Economic Centres” analyse Dubai

A delegation of MBA students from the US reviewed the procedures and regulations necessary for setting up businesses in Dubai. Dubai’s Department of Economic Development (DED) hosted a delegation of 20 MBA students of different specialities from the Thunderbird School of Global Management in Arizona, US.

The visit comes as part of a summer course entitled “Challenges in Emerging Mid-East Economic Centres” organised by the School to strengthen the understanding of the UAE business and cultural environment and to enable participants to network in this vibrant economic centre.

The DED presented a comprehensive review that focused on Dubai’s business opportunities and the operational challenges facing organisations doing business in Dubai and the UAE.

The student delegation reviewed the procedures and regulations necessary for setting up businesses and the DED’s role in enhancing the growth of Dubai’s business sector.

“Led by the vision of Dubai’s rulers, the emirate continues to position itself as a leading economic hub in the Middle East region,” said Khalid Al Kassim, deputy director-general for Planning and Development at DED, who received the delegation.

“We work to ensure that Dubai becomes the destination of choice for international investors,” said Khalid Al Kassim.

“Dubai places emphasis on the growth of the private sector, which in turn contributes to the growth of the national economy.”

This is Thunderbird’s first course offering in Dubai.

Similar programmes have been conducted in London, Shanghai, India, Jordan and South Africa and other cities.

Thunderbird has been ranked the No 1 business school globally for International Management and Global MBA by the Financial Times, Wall Street Journal and US News & World Report.

The Department of Economic Development (DED) was established in March 1992, with the objective to organise, regulate and boost trade and industry within the Emirate of Dubai.

The DED has moulded its mission of building a futuristic establishment, in accordance with the vision of the Government of Dubai and in the light of globalisation and the requirements of a digital economy.

One of its key functions is to encourage local and foreign investments in commercial and industrial projects, and create the appropriate environment for investors.

The DED’s other functions comprise a wide range of regulatory activities including the preparation and maintenance of a commercial register and the supervision of all organisations.

The DED is responsible for regulating the affairs of commercial agents and brokers and commercial advertising offices, in addition to overseeing and controlling the insurance industry in Dubai.

Examining the participation of the government in the private sector and representing the government in companies where it has a stake, also comes under the purview of the DED. (TradeArabia News Service)


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