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4th Emirates Economic Planning Forum to help reinforce UAE’s global economic competitiveness

Added: (Tue Oct 31 2017)

Pressbox (Press Release) - UAE, October 31, 2017 - The Department of Economic Development (DED) – Ajman is gearing up for the 4th Emirates Economic Planning Forum to be held under the patronage of H.H. Sheikh Humaid bin Rashid Al Nuaimi, Ruler of Ajman and Member of the UAE Supreme Council of the Union. The national forum, which is set to take place under the theme ‘Overseeing the future in light of new economic changes’ from November 1 to 2, 2017 at the Emirates Hospitality Center (EHC) in Ajman, is a joint project of the Ministry of Economy and DED – Abu Dhabi.

This year’s Emirates Economic Planning Forum will not only showcase key economic changes and their implications but also the best ways to support and enhance the UAE’s economic growth and competitiveness. According to the Global Competitiveness Report for 2017, the UAE ranked first in the Arab world and 10th globally among the most competitive countries in the world thanks to its solid economic growth that is at par with world’s knowledge- and innovation-driven economies.

H.E. Ali Issa Al Nuaimi, Director General, DED-Ajman, thanked the Ministry of Economy for supporting the forum’s fourth edition and DED- Abu Dhabi for initiating the event based on ‘Integration, planning, and partnership’ slogan.

Al Nuaimi said: “We are confident that the 4th Emirates Economic Planning Forum will produce the much-needed insights to boost the ongoing efforts promoting government integration and unifying relevant initiatives of the Ministry of Economy and local economic development departments. Through our coordination and continuous dialogues, we will achieve our goal to build a diversified, sustainable, and globally competitive economy. The forum will be an important platform for all stakeholders to explore new economic planning opportunities at the local and federal levels, while highlighting Ajman's economic rise based on innovation in line with Ajman Vision 2021 and UAE Vision 2021.”

For his part, H.E. Ahmed Mahmoud Al Hammadi, Assistant Director General of Corporate Support Affairs, said: “It is an honor to be organizing the forum’s latest edition in Ajman, which is an extension to the previous editions held in Fujairah, Ras Al Khaimah, and Umm al-Quwain. The event reflects the aspirations of the Ministry of Economy and the UAE’s economic development departments to continue our path towards excellence in terms of economic planning; and promote partnership, sound economic integration, and planning with a view of leveraging the UAE’s competitive advantages to build a competitive, and knowledge- and innovation-driven economy as envisioned by our wise leaders.”

Al Hammadi further stated: “We highly appreciate the efforts made by our strategic partners in organizing the current edition and their untiring endeavors to provide all support required to ensure the forum’s success. We are confident that this edition will reinforce the cooperation among the Ministry of Economy, government bodies, and stakeholders in our bid to develop clear-cut and integrated frameworks and improve economic planning mechanisms. Our cooperation will ensure that we keep up with the latest regional and global developments according to the UAE’s economic and sustainable development goals.”

The forum is supported by Ajman Free Zone, Ajman Chamber of Commerce and Industry, and a number of sponsors from the national companies, including Mohamed Hilal Group, Darmix Concrete Mixers Ajman, and Gas House Technology as platinum sponsors; and Al Salem Industries as gold sponsor. Highlighting the role of human capital in driving economic growth, Ajman DED will also host the company of Emirati inventor, Eida Al Muhairbi.

H.E. Sultan Abdullah bin Hadda Al Suwaidi, Chairman of Sharjah Economic Development Department, added: “The 4th edition of the ‘UAE Economic Planning Forum’ will be held on the 1st & 2nd of November under the patronage of H.H Sheikh Humaid bin Rashid Al Nuaimi, Member of the Supreme Council of the UAE and Ruler of Ajman, and with the strategic support of the Ministry of Economy. The forum continues to gain importance each year as an effective platform that brings together the different federal and local government bodies concerned with promoting the levels of planning and growth strategies to new levels of excellence. It also strengthens the partnership with the private sector through exhibitions and panel discussions that would consolidate its role in driving the economic development in the UAE.”

Bin Hadda Al Suwaidi also noted that the 4th Economic Planning Forum, which will be hosted by the emirate of Ajman themed ‘Foreseeing the Future in Light of New Economic Changes’, will significantly contribute to promoting cooperation among the different stakeholders responsible for implementing the economic plans in various government departments and authorities. It will ensure alignment between the plans, programs, and policies of these stakeholders and raise awareness to the private sector and civil society.

He also explained that the forum reflects the shared vision of the various economic development departments, the Ministry of Economy, and the stakeholders in realizing the objectives of the National Agenda and the pillars of the UAE Vision 2021 by focusing on strategic non-oil sectors, including industries, the central theme of this edition.

The Chairman emphasized the vital role of the Sharjah Department of Economic Development, which is keen to participate in the annual event, to promote cooperation and integration with the Ministry of Economy and the respective economic departments for realizing the objectives of the event, while shedding light on the effective contribution of every stakeholder to achieving the UAE’s sustainable economic development.

Bin Hadda also said that the present edition is an opportunity to review the outcomes of the previous three editions that were organized by Emirate of Fujairah, Ras Al Khaimah and Umm al-Quwain. This year’s forum is an extension to the previous editions which helps maintain communication among all the economic departments aimed at discussing the outcomes of the strategic economic plans about the industrial sector of each emirate, aimed at combining the objectives and efforts among all the stakeholders.

He added that the forum will help improve the UAE’s business environment by developing the legislative and regulatory framework; streamlining the procedures via an open and elaborate discussions among the participating economic leaders; continuously enhancing the nation’s economy, promoting corporate governance policy; in addition to building partnerships between the educational institutions and the business sector for training the national workforce to meet the labor market needs as one of the UAE’s economic goals.

H.E. Sami Al Qamzi, Director General of Dubai Department of Economic Development, said, “The ‘UAE Economic Planning Forum' constitutes one of the most notable events that are organized at the highest level among government bodies because of its importance in economic planning and sustainable development at the national level and in meeting the objectives of the UAE Vision 2021 and the country’s general economic direction. This 4th edition reflects the unity among leaders and their tireless endeavors to make the concerted efforts for promoting the competitiveness and sustainability of the UAE.”

Al Qamzi added, “We believe in the importance of this forum due to its crucial role in bringing together senior officials and decision makers under one roof for the sake of enhancing coordination and unifying insights around the economic plans in the different emirates of the country. During its participation, Dubai Economic Development Department will showcase its continuous contribution to offering the ideal competitive environment for the ease of doing business in Dubai. In addition, it will also showcase the latest economic changes and new government services in the wake of the Blockchain technology, aside from promoting more foreign investments.”

Dr. Abdulrahman Al Shayeb, Director General of Ras Al Khaimah Economic Development Department, said that the ‘UAE Economic Planning Forum’ plays an important part in coordinating the efforts of all the local and federal government bodies concerned with the economic planning, which would drive the economic development to accommodate the future challenges and developments in the fast-paced technological developments in what is called the '5th Industrial Revolution.'

He also said that there is a need for the country to continue shaping the economic plans to step up the level of the economic performance and mobilize all the resources required to efficiently and effectively meet the future requirements to be able to reap more growth and achieve more developmental accomplishments.

Al Naqabi stressed the importance of directing and integrating all the economic plans across the UAE for joining the ranks and moving forward with common vision to a future littered with a myriad of challenges and yet a bundle of promising opportunities that we are all hope to make the most of it for the common good and prosperity of our nation.

His Excellency Mohamed Hilal, Managing Director of Mohamed Hilal Group, said, “We’re honored to participate as the Platinum Sponsor of the 4th edition of the ‘UAE Economic Planning Forum,’ which has become the most prominent national event aimed at directing efforts to achieve sustainable development. As part of our commitments, the Mohamed Hilal Group strives to support the objectives of the forum in promoting the constructive dialogue and consolidating the effective communication among the economic stakeholders. This is meant to further capitalize on the promising opportunities available in the UAE, while bearing in mind the need to implement our effective contributions to promote the presence of the emirate of Ajman within the local and regional economic landscape.”

For his part, Salem bin Nagy Al Saeedi, Director General of Dirmax Concrete Ajman and Gas House Technology, said, “Our participation as a Platinum Sponsor to the event comes from our deep conviction of the ‘UAE Economic Planning Forum’ as being a driving force toward mobilizing and employing all the national capabilities in developing the economic planning mechanisms in consistence with the ambitious strategic plans that are aimed to gain diversity, sustainability, and productivity. As such, Dirmax Concrete Ajman and Gas House Technology strive to strengthen the frameworks of communication, integration and coordination with our partners to promote the competitive advantages of Ajman and the UAE at the international level.”

The ‘UAE Economic Planning Forum - Ajman 2017’ will witness four panel discussions--The New Economic Changes and its Implications; Promoting Economic Growth and Competitiveness; Developmental Planning in Ajman and the Plans and Programs for Attracting Investments to the Country. The forum will bring together top senior government officials, decision makers and top executives of the economic development departments and government authorities, including Smart Dubai Office, Dubai Future Foundation, Federal Competitiveness and Statistics Authority (FCSA), the Mohammed Bin Rashid Center for Government Innovation (MBRCGI), and Takamul Program of Abu Dhabi Department of Economic Development, among others.

Submitted by:Orient Planet PR & Marketing Communications
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