Sunday, October 17, 2021

The Supreme Legislation Committee holds introductory meeting to involve private sector in the development of Dubai legislative system

United Arab Emirates, 3 October 2021 – The General Secretariat of the Supreme Legislation Committee in the Emirate of Dubai (SLC) held an introductory meeting to discuss its Project 10X aiming to involve the private sector in the devlopment of Dubai’s legislative system and strengthen the strategic partnership between the SLC and the Dubai Chamber of Commerce and Industry (Dubai Chamber). The event was attended by representatives of 40 private companies who were acquiainted with the implementation phases of this exciting project.

The
first phase of the project targets a select group of private companies, which
will submit their observations and proposals in respect of draft legislation
that is under consideration by local and federal governments and that affect
the business and investment sectors.

Commenting
on the meeting, Ahmad Saeed bin Meshar Al Muhairi, SLC Secretary General said:
“This meeting is part of SLC’s commitment to enhance the role of private sector
in developing Dubai’s legislative system, in line with the vision and guidance
of His Highness Sheikh Mohammed bin Rashid Al Maktoum,Vice President and Prime
Minister of the UAE, and Ruler of Dubai, who said that strengthening

the
partnership with the private sector is a strategic priority and a key factor in
achieving development and building a prosperous community.’

Bin
Mishar added: “The meeting also served as an ideal platform to establish
direct communication with private companies, as well as open new channels for
providing opinion on business- and investment-related legislation. This is a
major step in our continuing commitment to establish and stregthen strategic
partnerships with all stakeholders in order to develop sustainable and balanced
legislation that will further boost the emirate’s development process. We are
pleased to collaborate with the Dubai Chamber in ensuring the success of the
project, as the private sector is an important contributor to the development
of a future-oriented legislative system supporting the goal of transforming
Dubai into the world’s best city. We look forward to organising similar
meetings with other representatives of the private sector as we advance towards
the modernisation of legislation designed to further attract investments and
diversify the economy, in line with national efforts to shape a progressive
future.”

HE Hamad Buamim, President & CEO of Dubai Chamber, said that the 10X project
is a crucial initiative that enhances economic competitiveness by ensuring a
business-friendly regulatory environment that meets the evolving needs of
companies in the emirate. He added that the launch of the project marks the
beginning  of a new phase of cooperation between the public and private
sector, which will accelerate progress and strengthen Dubai’s value proposition
among businesses and investors.

The
SLC and the Dubai Chamber have always been strategic partners in consolidating
efforts to strengthen the legal, institutional, and research cooperation
frameworks and in enhancing the legislative system in Dubai and the UAE.

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