Dubai to become Capital of Islamic Economy

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Dubai to become Capital of Islamic Economy

Dubai to become Capital of Islamic Economy

(Dubai) – His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, launched the strategic plan for developing the Islamic economy sector. The plan launched in the presence of H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive Council and H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, includes seven key pillars and 46 strategic initiatives to be implemented within 36 months. The aim is to enhance the position of Dubai as the capital of the Islamic economy.
After the launch ceremony, Sheikh Mohammed said: “The continued developments and changes in the global economy increase the need to constantly diversify the structure of our national economy. Our firm principle in the UAE is not to rely on one single economic resource or sector. The Islamic economy is not new to us. In fact, we have accumulated considerable expertise in this field and our aim is the global arena.”
The ceremony was attended by Mohammed Ahmed Al Murr, Chairman of the Federal National Council; H.E. Sheikh Majid bin Mohammed bin Rashid Al Maktoum, Chairman of Dubai Culture and Arts Authority; Lt.-General Dhahi Khalfan Tamim, Chief of Dubai Police; as well as a number of ministers, heads and directors of government departments, leaders of the business community and media representatives.

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