Page 180 - Ministry of Economy - December2017

12/26/2017 Dubai Economy and private sector discuss future-readiness at 2nd Business Community Engagement Forum | ZAWYA MENA Edition

His Excellency Sami Al Qamzi, Director General of Dubai Economy, said that the annual

BCE Forum is a strategic event for Dubai Economy to position itself as a prime facilitator
and enabler for businesses in all sectors to grow sustainably.

“The BCE initiative was launched in April 2016 to deepen the strategic engagement

between the Department of Economic Development and the business groups, councils,
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associations and corporate sector. The theme of this 2 Forum – ‘Enabling a future-ready
business environment’ - is indeed timely and relevant. To be future-ready means to be

prepared for new opportunities, growth, development and investments. The outcome is a
better economy, an efficient business environment, an effective organisation and an
advanced quality of life for all,” said Al Qamzi.

Al Qamzi added that Dubai has come a long way in achieving comprehensive and
sustainable development based on innovation and high productivity, by building a diverse

base of high value added economic activities, which has also enabled the national

economy to grow and adjust to internal and external shocks.

“GDP growth in Dubai is expected to reach 3.2% this year, 3.5% in 2018, and 3.7% in
2019, supported by a stimulating business environment that is the best in the Arab world

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and 21 among 190 global economies, according to the latest Doing Business report of the
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World Bank. The UAE ranked first in the Arab world and 17 worldwide in the Global
Competitiveness Report 2017-2018, issued by the World Economic Forum. The country
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also ranked first in the region and 18 globally among the most competitive countries in

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