Business environment in the emirate has significantly improved, as new licences surpassed pre-pandemic levels to a record 31,000 in the first half of 2021
The rapid response of the Dubai government and its adaptive measures to contain the Covid-19 pandemic have enabled the emirate to maintain its robust economic growth, Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, has said.
The decision to roll out “new strategic approaches” and amending policies to accelerate economic growth have also helped Dubai to bounce back, Sheikh Hamdan, who is also chairman of the Executive Council, said in a Dubai Media Office statement.
A reduction in the cost of doing business and economic stimulus packages to save lives and livelihoods boosted investor confidence in the resilience of the emirate’s economy, he said to mark the launch of the Business Registration Report on Sunday.
The strong growth of the business sector reflects “Dubai’s ability to transform challenges into achievements”, Sheikh Hamdan said, adding that the vision of the emirate’s leader has enabled it to overcome the repercussions of Covid-19 and “reinforce its status as a global hub and the world’s best place to live and work”.