DUBAI, 9 January / WAM / His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, in his capacity as Ruler of the Emirate of Dubai, has approved legislation aimed at creating a new legal framework for Dubai. Rooms and boards of directors. The legislation aims to help Dubai Chambers achieve its strategic goals, enhance Dubai’s position as a global economic hub, and support the emirate’s business community.
The legislation includes a decree establishing Dubai Chambers as a new entity to replace the Dubai Chamber of Commerce and Industry and the appointment of His Excellency Juma Al Majid as Honorary President of Dubai Chambers. Another decree forming the Dubai Chambers Board of Directors and appointing His Excellency Abdul Aziz Al Ghurair as its Chairman.
Other decrees forming the Board of Directors of the Dubai Chamber of Commerce, the Board of Directors of the Dubai Chamber of International Commerce headed by Sultan Ahmed bin Sulayem, and the Board of Directors of the Dubai Chamber of Digital Economy with His Excellency Omar Sultan Al Olama as Chairman. .
The decrees, which reflect the vision of Sheikh Mohammed bin Rashid to boost Dubai’s economy, represent three specialized rooms to meet the new requirements resulting from the emergence of new economic sectors. The new legislation helps bring about the fundamental structural changes needed for Dubai Chambers to operate effectively in an evolving environment that goes beyond traditional models.
Legislation also enables Dubai Chambers to draw a clear vision for the future by adding more roles and powers, allowing new organizations to raise their effectiveness and enhance their role in developing sectors such as the digital economy and international trade.
According to the new legislation, the main responsibility of the Dubai Chamber is to develop plans and policies to enhance the global position of the emirate as an economic hub and create an attractive business environment.
Sheikh Mohammed bin Rashid also issued a Decree forming the Board of Directors of Dubai Chambers under the Chairmanship of HE Abdul Aziz Al Ghurair. Members of the Board include Faisal Juma Khalfan Belhoul, the Vice Chairman; HE Khalid Juma Al Majid Al Muhairi; HE Omar Sultan Al Olama; Omar Abdullah Al Futtaim; Sultan Ahmed bin Sulayem; HE Helal Saeed Al Marri; Buti Saeed Mohammed Al Ghandi; Dr. Raja Easa Al Gurg; Dr. Amina Abdul Wahed Al Rostamani; Tariq Hussain Khansaheb; Raji Patrick Chalhoub; and Ghassan Ahmed Yahya Al Kibsi.
Abdul Aziz Al Ghurair, Chairman of the Board of Directors of Dubai Chambers and Chairman of the Board of Directors of the Dubai Chamber of Commerce, said that the new decrees enhance the ability of Dubai Chambers to contribute to the strategic economic goals of the emirate and consolidate Dubai’s leading position. In the global economy, keeping pace with changes in the digital economy and international trade.
Furthermore, Sheikh Mohammed bin Rashid issued a Decree forming the Board of Directors of Dubai Chamber of Trade under the Chairmanship of HE Abdul Aziz Al Ghurair. Members include Faisal Juma Khalfan Belhoul, the Vice Chairman; Khalid Juma Al Majid Al Muhairi; Omar Abdullah Al Futtaim; Majid Hamad Rahma Al Shamsi; Mohammed Abdulghaffar Hussain; Buti Saeed Mohammed Al Ghandi; Tariq Hussain Khansaheb; Dr. Raja Easa Al Gurg; Dr. Amina Abdul Wahed Al Rostamani; Hind Mohammed Khalfan bin Kharbash; Raji Patrick Chalhoub; Shehab Mohammed Abdulkhaliq Gargash; Saeed Saif Ahmed Al Ghurair; and Hisham Abdullah Mohammed Al Shirawi.
Sheikh Mohammed bin Rashid also issued a decree to form the Board of Directors of the Dubai Chamber of International Commerce headed by Sultan Ahmed bin Sulayem. The members of the Board of Directors include His Excellency Helal Saeed Al Marri, Vice Chairman of the Board of Directors. Habib Mohammed Al Mulla; Ahmad Ali Muhammad al-Khalafi; Nabil Habayeb Ghassan Ahmed Yahya al-Kibsi. Mohamed Nader Khaled Al-Haffar. Rani Raad Stephen Colin Moss Mark David Willis Remy Agil Sanjeev Kakkar Bhavani Elissar Farah Antonius. Julia Elizabeth Thomas May Nasrallah – Merville. Rola Boutros Zakaria Abu Minh; Anuj Ranjan and thank you Ali Shukri Eid.
Sultan Ahmed bin Sulayem, Chairman of the Board of Directors of the International Chamber of Commerce in Dubai, highlighted the importance of the decrees for Dubai and the institution’s commitment to meeting the aspirations of the business community in the emirate, achieving Dubai’s strategic vision, and supporting corporate interests. And businessmen and investors and contribute to achieving the emirate’s economic goals.
In addition, Sheikh Mohammed bin Rashid Al Maktoum issued a Decree forming the Board of Directors of the Dubai Chamber of Digital Economy under the Chairmanship of HE Omar Sultan Al Olama. Members of the Board include Ahmad Abdullah Juma bin Byat, the Vice Chairman; Hamad Obaid Al Shaikh Al Mansoori; Khalid Ahmed Humaid Al Tayer; Rashid Abdullah Ahmed Al Ghurair; Fadi Ali Ismail Ghandour; Mona Haidar Ataya; Hend Abdul Hameed Siddiqui; Rashid Mohammed Ali Al Abbar; Mansoor Khalifa Sultan bin Habtoor; Ronaldo Mashhour; Muddathir Elias Shaikha; Elissa Freiha; and Dany Farha.
Omar Sultan Al Olama, Chairman of the Dubai Chamber of Digital Economy, indicated that the decrees reflect Dubai’s clear strategic economic vision and the emirate’s keenness to keep pace with developments in the digital economy. The decrees will create a supportive legislative framework, an attractive environment for specialized agencies, and the development of advanced logistical capabilities.
The decrees also set strategic frameworks for Dubai Chambers to drive economic growth in Dubai and provide effective support to all traditional and emerging business sectors. Moreover, the decrees highlight Dubai’s commitment to support national and family-owned businesses by providing a fertile ground for their growth and development into competitive global companies. The decrees also seek to develop new generations of businessmen, qualified and trained, who are able to support the national economy in expanding its global horizons and contribute to achieving Dubai’s ambitious economic vision.
The new decrees give foreign companies and investors an opportunity to contribute to the development of trade policies, regulations and legislation for various sectors, further strengthening the public-private partnership that has fueled Dubai’s growth and exceptional achievements.
Recognizing the vital role that SMEs and entrepreneurs play in the national economy, the decrees also seek to provide them with the tools to develop their businesses and their opportunities to tap into local and global markets.