Dubai Economic Department Services with Double Deal Services LLC

Dubai – Department of Economic Development

The Department of Economic Development (DED) in Dubai, UAE, was initiated with a mission to contribute to economic planning and business sector regulation by recommending policies and preparing development programs and projects by developing the best resources possible.

Dubai Economic Department aims to:

    - Contribute to achieve Dubai Government’s vision and developing the

       different economic sectors;

    - Prepare competitive investment environment to attract local and foreign

      investment and organizing the business sector according to best practices;

      and

    - Provide the best human, financial and technical resource and supportive

      environment for creativity and excellence.

The DED portal is a continuation of the department's endeavors to provide the best possible service and customer satisfaction at all times. For those interested in obtaining further details about Dubai economy, the portal has provided latest data for socio-economic indicators. Its eServices including checking the status of your transactions, cost estimates for trade licenses, cost of renewal of trade license and general enquiries.

Dubai Economic Department Services:

1- Sustainable economic development & competitiveness

    • Drive economic policy making, advocacy and regulatory reforms

    • Create a positive regulatory environment for conducting business

    • Maintain high standards of living and quality of life for Dubai nationals and 

      residents

2- Value to DED Group customers – small and large businesses, investors, entrepreneurs, and consumers

    • Ensure consistent, relevant and timely customer communications and

      outreach efforts

    • Improve customer services across DED Group through automation, online 

      offerings, streamlining processes and better customer care systems

    • Ensure high economic impact of key services: attraction of foreign

      investment, promotion of entrepreneurship and SMEs, assistance to new and

      existing exporters, support to retail, tourism and event management sectors

    • Innovate services and adopt new ways of doing business and lead

      government wide reforms to benefit the business community

3- Balance DED Group financial goals and desired economic outcomes

    • Improve prioritization of expenditures and resource allocation efficiency

    • Enhance revenue management

Economic Strategy & Perspectives

The year 2009 (and perhaps 2010) will present many global economies with major economic challenges. The economic effects of the crisis are still unfolding, but are already of daunting proportions - and the latest projections are for large decreases in global economic growth and trade, and (perhaps prolonged) recession in many countries.

Being one of the most globalized economies, Dubai is being challenged on tourism, exports, construction and real estate, sectors that have combined to produce a real GDP growth in 2008 that is close to 8 percent. These sectors, and others, are witnessing major slowdowns globally and their contributions to Dubai’s present and future economic growth can no longer be taken for granted. Thus, there is an urgent necessity to re-visit the economic pillar of Dubai Strategic Plan-2015 with the twin objectives of (1) shielding Dubai from the current storm and ensuring that its past achievements are safeguarded; and (2) defining a new, non-inflationary and sustainable growth path that is commensurate with Dubai’s socio-economic imperatives.

In doing so, the Department of Economic Development has combined its efforts with various stakeholders to achieve this critical task. DED, being the custodian of economic policy making in the Emirate of Dubai, is in charge of revision of what we would term as the 2020 Economic Strategy Plan of Dubai or ESP.

Also, DED is currently developing a comprehensive program of policy recommendations and initiatives for development of SMEs in the Emirate of Dubai. SMEs are backbone of Dubai’s economy. Being an important player in all value chains, SMEs represent 95% of all firms registered in UAE.

The objective of the SME strategy is to ensure the global competitiveness of Dubai-based SMEs through establishing an enabling business environment, including better access to capital as well as enhanced participation of public and private stakeholders. Proposed strategy will allow Dubai to harness the opportunities availed as a consequence of global economic slowdown on one hand while at the same time provides much needed stability and sustainability to the economy.

The SME focus will further enable our economy to move from capital and labor intensive to a new dimension of innovative and technology driven economy underpinned by high degree of efficiencies and levels of productivity. Such a long term objectives will be achieved by a two-pronged approach. Immediate measures will be undertaken aimed at addressing the issues of access to and cost of funds while concurrently developing comprehensive blue print of institutional set up including SME Development Agency, specialized SME financing vehicles, rating and reporting infrastructure etc.

In addition, DED has identified the key factors driving the growth of SMEs as well as those that may impede their future development. Appropriate policies and initiatives are being developed to support the SMEs, including identification of targeted industries and clusters, extension of preferential treatments to SMEs and investor attraction. Similarly, policies and initiatives consider addressing the various financial and legal barriers to entry and growth of SMEs.

Please contact us for your required economic department services in Dubai, UAE:

Double Deal Services LLC,

604, Medic Building, Near Habib Bank, Bank Street, Bur Dubai, Dubai, UAE

Phone : +971-4-3510077 Fax : +971-4-3510078 Mobile : +971-50-1577739

Email : info@doubledeal.com

Web : http://www.dubaieconomicdepartment.com