25 Nov Doing business in Dubai: economic policy and development agencies
The political economy of Dubai is based on the preservation and respect for the freedom to practice any kind of business and to provide all services. There are no restrictions on imports and exports, except for some minor limitations.
The Government of Dubai is planning a long-term economic strategy. The expectation is to create a roadmap for economic progress of the Emirate by establishing a common framework, aligning all policies and development plans and involving the private sector in its implementation. The initiative is based on the principles set by the Dubai Strategic Plan 2015.
DUBAI STRATEGIC PLAN 2015
Since the United Arab Emirates were established, Dubai has developed a distinct identity as a modern and dynamic emirate.
The Government of Dubai has set the development of the strategic plan on five areas: economic development; social development; infrastructure, land and environment; security, justice and safety; excellence in government policy.
The government has adopted a set of guiding principles for the various sectors that compose Dubai Strategic Plan 2015:
- Adoption of the principles of free market economics S Innovation
- Speed and accuracy in the execution of a project
- Privileged relationship with private sector partners S Protection of national identity, culture and lifestyle S Development of national human resources
- Promotion of social justice and equality
- Provision of international level infrastructure S Protection of the environment
- Transparency
- Financial performance
- Social responsibility
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