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DEC and World Bank Agree to Business Report Tie-up

Hani Rashid Al Hamli, Secretary General of DEC, received in his office at Dubai Chamber of Commerce and Industry building Iva Hamel, expert of World Bank-International Finance Corporation (IFC), to discuss the ways of cooperation in preparing the report.

Prof Abdulrazak Al Faris, Chief Economist and CEO Dubai Institute for Economic Research Policy, Adil Al Felasi, Executive Director of Dubai Competitiveness Council, and several DEC’s economic and legal advisors attended the meeting.

Al Hamli said that the World Bank Group plays an important role in issuing doing business reports which shed lights on the developments in countries ranking in doing business.

Al Hamli said in order to promote Dubai’s business environment and investment climate and to enhance Dubai’s competitiveness in the world economy, DEC is determined to employ the expertise of the World Bank in this context.

The meeting reached an agreement to establish a strategic partnership between DEC and World Bank-IFC which involves an enhanced collaboration to issue an annual report on doing business Dubai, and to follow-up this for coming years. The two parties also discussed the mechanism of the partnership in terms of exchanging data, information and expertise to conclude reliable indicators that reflect doing business Dubai.

· issacjohn@khaleejtimes.com