Excellence In Development

The role of internal and foreign investments in Dubai’s development

vision

Excellence in development is an integral concept, inherent to the vertical and lateral

buildings process for us in Dubai. In order to achieve excellence in the Arab World,
all the elements of development, including its vision, goals, leadership and
implementation, should be excellent.

Dubai FDI is the Foreign Investment Office of Dubai, part of the Dubai
Department of Economic Development. One of its main roles is to attract, foster
and drive growth in new foreign investments and provide aftercare services to retain
existing investors, while constantly improving the overall investment landscape.

The DED and its four agencies develop economic plans and policies, identify and
support strategic sectors, and provide essential administration services to domestic
and international investors and businesses.
The team guides new investors through the various stages of the investment process,
including advice on business location, the legal structure that best fits their needs and
linking them to government and non-government bodies to ensure a smooth
business start-up and increased opportunities.

Dubai FDI also offers ongoing support for the growth and expansion of established
companies in Dubai, and voices any investor concerns that they believe may be
inhibiting growth or development and affecting the overall investment environment
 Excellence in integrating different departments in Dubai’s development

The UAE’s economy is the most transparent and liberal in the Arab world, and the
one most closely linked to free-market factors. The country’s public sector is
therefore at the service of the people and the private sector.

The UAE is not only encouraging traditional manufacturing but also technology-
supported 3D printing. In April 2016, H. H. Sheikh Mohammed launched the
Dubai 3d printing strategy. This initiative aims to exploit technology for the service
of humanity and promote the status of the UAE and Dubai as a leading hub of 3D
printing technology by the year 2030. Dubai’s key goal is to ensure that 25 percent of
buildings in Dubai are based on 3D printing technology by 2030.

By virtue of Vision 2021, the UAE is striving to diversify its income resources by
moving away from oil. In January 2012, Sheikh Mohammed launched the Green
Economy initiative under the slogan: A Green economy for sustainable
development. Under this initiative, the UAE seeks to become a global hub and a
successful model of the new green economy, to enhance the country's
competitiveness and sustainability and preserve its environment for future
generations.

The Green Economy initiative includes six major fields covering a wide range of
legislation, policies,programmes and projects;
1. The first field of green energy aims to promote the production and use of
renewable energy
2. The second field includes government policies aimed to encourage
investments in green economy and to facilitate the production, import, export
and re-export of green products and technologies
3. The third field relates to developing urban planning policies that preserve the
environment and to raise the efficiency of housing and buildings
environmentally
4. The fourth field consists of means for dealing with the effects of climate
change, promote organic agriculture, maintain biodiversity and protect the
ecological balance
5. The fifth field aims at rationalising the use of water resources, electricity and
natural resources and recycle waste
6. The sixth field includes development and promotion of green technology
 Development cycle of Dubai

The Dubai government's decision to diversify from a trade-based but oil-reliant

economy to one that is service- and tourism-oriented has made real estate and other
developments more valuable, resulting in the property boom from 2004–2006.
Construction on a large scale has turned Dubai into one of the fastest-growing cities
in the world.

There are a number of large-scale projects which are currently under construction
or will be constructed in the future. Due to the heavy construction which is taking
place in Dubai, 30,000 construction cranes, which are 25% of cranes worldwide, are
operating in Dubai.

Due to the burst of construction, Dubai has acquired various building-related

records, which include: the world's tallest tower (Burj Khalifa), the world's largest
shopping mall (Dubai Mall), the world's largest fountain (The Dubai Fountain) and
the world's tallest hotel (Gevora Hotel). Also under construction is Dubailand, which
will be almost twice the size of the Walt Disney World Resort.

In 2009, many construction real estate projects were suspended or abandoned, due
to the worsening financial crisis of 2007–2010.Real Estate Regulatory Agency study
found that over 200 projects had been cancelled between 2009 and 2011. In 2013
Prime Minister Sheikh Mohammed bin Rashid Al Maktoum created a committee to
consider liquidating stalled building projects to pay off investors
Dubai’s government has had a sophisticated strategic planning process that has
implemented a succession of infrastructure projects on such a grand scale that Wall
Street investment bank Morgan Stanley estimates that no less than 20 per cent of the
world’s 125,000 construction cranes are now active in Dubai.

The sail shaped Burj Al Arab, offshore man made islands built in the shape of palm
trees and continents, lavish beachfront hotels, gated communities with the
unmistakable echo of Beverley Hills and Palm Beach, Ski Dubai, shopping malls
galore, tourist and convention extravaganzas, the emergence of DXB as a aviation
hub to rival Heathrow, O’ Hare and Changi ensure that tourism is Dubai’s new
black gold, Arabia’s New Age epicentre of globalisation.

The international culture of conspicuous consumption and freewheeling capitalism

has branded Dubai as a hot tourist destination in the new millennium.
 Excellence in marketing

“We have started out positively on the journey, with a 9.8 per cent increase in
visitors during the first nine months of the year, when compared to the same period
of last year, having welcomed 7.9 million visitors to Dubai between January and
September,” Ahmad Belhoul, CEO of Strategy and Tourism Sector Development at
Dubai Department of Tourism and Commerce Marketing, said in an email.

Following the vision, DTCM will focus on positioning and promoting Dubai as a
family, event and business destination.

The UAE has become a regional hub for meetings, incentives, conventions and
exhibitions, as well as VFR tourism (visiting friends and relatives), says Chiheb Ben-
Mahmoud, head of hotels and hospitality for the Middle East and North Africa
(Mena) region at Jones Lang LaSalle.

“Sporting events contribute greatly to strengthening the UAE status on the world
circuits as a leading international sport tourism destination: Tennis, Golf, Formula 1,
as well as Marathon, Cricket, Rugby, Sailing, and more recently Sky Diving,” he said.

India is Abu Dhabi’s largest overseas market, with 121,763 Indians staying at the
emirate’s hotels in the first nine months of the year, followed by the UK and
Germany.

“The tourism industry has strengthened greatly, with improving occupancy in Dubai
and Abu Dhabi on the back of the expanding network of Etihad Airways and
Emirates airline,” Christopher Hewett, senior consultant at TRI Hospitality
Consulting, said.