emirates7 - His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum—First Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance, and Chairman of the Higher Committee for the Development of the Economic and Financial Sector in Dubai—chaired a committee meeting to review strategic plans, upcoming programs, and objectives for the emirate’s economic and financial development.
Sheikh Maktoum emphasized that Dubai’s prominent global economic status stems from the visionary leadership of His Highness Sheikh Mohammed bin Rashid Al Maktoum. He noted that the city’s continued efforts to strengthen its financial and economic sectors aim to reinforce its position as a global hub with a business-friendly environment that supports the private sector.
He stressed that the committee’s work aligns with Dubai’s broader development initiatives, aiming to boost the efficiency and resilience of the economic and financial ecosystem in line with global standards. Its responsibilities include endorsing top-level economic and financial strategies, updating sectoral regulations, fostering transparency and good governance, encouraging public listings on financial markets, and drawing investment into high-value, innovation-driven sectors.
Sheikh Maktoum highlighted that the committee represents a strategic advancement in Dubai’s economic agenda, ushering in a new era of qualitative growth. He added that the emirate seeks to raise the bar with integrated, forward-looking policies that enhance its competitiveness and reputation as a global growth center.
He further noted that Dubai continues to perform exceptionally across international economic and financial benchmarks, which brings greater responsibility to maintain this leadership. He called on committee members to develop creative approaches that would bolster Dubai’s global economic stature and make it a leading development model.
Sheikh Maktoum also said the committee would present a unified vision for financial sector development to His Highness Sheikh Mohammed bin Rashid Al Maktoum. This will include impactful initiatives aimed at advancing Dubai’s global financial leadership.
Members of the Higher Committee include Mohammad bin Abdullah Al Gergawi (Vice Chairman), Mohammad bin Hadi Al Husseini, Omar Sultan Al Olama, Helal Saeed Al Marri, Essa Abdulfattah Kazim, Faisal Yousef bin Sulaitin, Fadel Abdulbaqi Al Ali, Saeed Al Attar, and Huda Sayed Naim AlHashimi, who serves as Secretary-General.
During the meeting, Sheikh Maktoum reviewed the committee’s strategic plan, which outlines a comprehensive, long-term roadmap for strengthening Dubai’s financial sector. Key focus areas include enhancing Dubai’s status as a wealth and asset management hub, supporting startup and scale-up growth, attracting unicorn companies, fostering a competitive and tech-driven banking and investment landscape, and accelerating digital transformation through fintech and virtual assets.
He instructed the committee to revise and modernize laws and regulations across economic and financial domains, improve governance, and build advanced digital infrastructure to enhance sector performance and support Dubai’s developmental goals.
Sheikh Maktoum also emphasized the importance of simplifying financial market listing procedures and promoting Dubai as a regional and global economic and investment hub. This includes encouraging participation from a broad range of industries and promoting sectoral diversity.
Additional priorities include advancing investments in areas such as the digital economy, FinTech, advanced manufacturing, virtual assets, entrepreneurship, and innovation—particularly in sectors with high added value and future potential.
The committee will also endorse economic and financial strategies in line with the Dubai Economic Agenda D33 and coordinate among related entities to ensure cohesive and integrated development efforts. It will monitor global trends and potential risks or opportunities, providing recommendations to address them proactively.
A key objective is to boost Dubai’s global competitiveness by refining enabling policies and creating an integrated environment for economic activity. This will help maintain strong standings in global indices and attract international talent and investors.
Finally, Sheikh Maktoum outlined the committee’s aim to introduce innovative economic and financial initiatives that respond to global shifts and new business models. These initiatives will facilitate capital flows, offer incentives, and support investors and institutions in leveraging Dubai’s investment landscape. The committee will also develop promotional plans to position Dubai as a top-tier destination for investors, asset managers, and entrepreneurs, and will monitor sectoral performance data to guide further improvements.
Sheikh Maktoum emphasized that Dubai’s prominent global economic status stems from the visionary leadership of His Highness Sheikh Mohammed bin Rashid Al Maktoum. He noted that the city’s continued efforts to strengthen its financial and economic sectors aim to reinforce its position as a global hub with a business-friendly environment that supports the private sector.
He stressed that the committee’s work aligns with Dubai’s broader development initiatives, aiming to boost the efficiency and resilience of the economic and financial ecosystem in line with global standards. Its responsibilities include endorsing top-level economic and financial strategies, updating sectoral regulations, fostering transparency and good governance, encouraging public listings on financial markets, and drawing investment into high-value, innovation-driven sectors.
Sheikh Maktoum highlighted that the committee represents a strategic advancement in Dubai’s economic agenda, ushering in a new era of qualitative growth. He added that the emirate seeks to raise the bar with integrated, forward-looking policies that enhance its competitiveness and reputation as a global growth center.
He further noted that Dubai continues to perform exceptionally across international economic and financial benchmarks, which brings greater responsibility to maintain this leadership. He called on committee members to develop creative approaches that would bolster Dubai’s global economic stature and make it a leading development model.
Sheikh Maktoum also said the committee would present a unified vision for financial sector development to His Highness Sheikh Mohammed bin Rashid Al Maktoum. This will include impactful initiatives aimed at advancing Dubai’s global financial leadership.
Members of the Higher Committee include Mohammad bin Abdullah Al Gergawi (Vice Chairman), Mohammad bin Hadi Al Husseini, Omar Sultan Al Olama, Helal Saeed Al Marri, Essa Abdulfattah Kazim, Faisal Yousef bin Sulaitin, Fadel Abdulbaqi Al Ali, Saeed Al Attar, and Huda Sayed Naim AlHashimi, who serves as Secretary-General.
During the meeting, Sheikh Maktoum reviewed the committee’s strategic plan, which outlines a comprehensive, long-term roadmap for strengthening Dubai’s financial sector. Key focus areas include enhancing Dubai’s status as a wealth and asset management hub, supporting startup and scale-up growth, attracting unicorn companies, fostering a competitive and tech-driven banking and investment landscape, and accelerating digital transformation through fintech and virtual assets.
He instructed the committee to revise and modernize laws and regulations across economic and financial domains, improve governance, and build advanced digital infrastructure to enhance sector performance and support Dubai’s developmental goals.
Sheikh Maktoum also emphasized the importance of simplifying financial market listing procedures and promoting Dubai as a regional and global economic and investment hub. This includes encouraging participation from a broad range of industries and promoting sectoral diversity.
Additional priorities include advancing investments in areas such as the digital economy, FinTech, advanced manufacturing, virtual assets, entrepreneurship, and innovation—particularly in sectors with high added value and future potential.
The committee will also endorse economic and financial strategies in line with the Dubai Economic Agenda D33 and coordinate among related entities to ensure cohesive and integrated development efforts. It will monitor global trends and potential risks or opportunities, providing recommendations to address them proactively.
A key objective is to boost Dubai’s global competitiveness by refining enabling policies and creating an integrated environment for economic activity. This will help maintain strong standings in global indices and attract international talent and investors.
Finally, Sheikh Maktoum outlined the committee’s aim to introduce innovative economic and financial initiatives that respond to global shifts and new business models. These initiatives will facilitate capital flows, offer incentives, and support investors and institutions in leveraging Dubai’s investment landscape. The committee will also develop promotional plans to position Dubai as a top-tier destination for investors, asset managers, and entrepreneurs, and will monitor sectoral performance data to guide further improvements.