Dubai Economic Council chairman Juma Al Majid states real-estate upswing enhancing Dubai’s reputation for international investment and business
- Juma Al Majid, Dubai Economic Council chairman, says initiatives are helping secure Dubai’s future
- Strategic Plan part of planning for World Expo 2020 and beyond
- Real-estate ‘upswing’ encouraged investment while other sectors also performing strongly
Government development projects from the past two years will benefit the emirate’s Strategic Plan according to the Dubai Economic Council.
Juma Al Majid, chairman of the Dubai Economic Council has said the strategic initiatives and developments will aid Dubai, helping to secure its future.
He pointed to a “real-estate upswing” in the Emirate and said it made Dubai an “important destination for businessmen and a magnet for international investment”.
Mr Al Majid said that Dubai has turned challenges into opportunities for sustainable growth, highlighted by the finances the World Expo 2020 could potentially bring to the region.
He described Dubai’s economy as one of the most vibrant in the region and said this reflected the strong foundations on which it is based.
The approach towards a highly competitive marketplace has also aided the economy he added, saying that trade, tourism, logistics, banking and the transport system had all played a part.
Growth in property prices is also strong, with Dubai property investors looking to take advantage of the high returns on offer in many parts of the city.