The market, which is expected to post over Dh100 billion in sales through more than 30,000 transactions in first quarter, will sustain steady increase in transactions and prices throughout the year
Speaking at a 'Meet the CEO' event organised by the Government of Dubai Media Office, Buamim said the UAE has a clear and comprehensive vision to diversify its economy and achieve an optimal balance between its various sectors to ensure sustainability and create new business opportunities.
Buamim said that analysis conducted by Dubai Chamber has projected steady growth in Dubai's markets in 2018. Expressing his optimism about Dubai's prospects, he noted that the emirate's economy is expected to grow by three to four per cent in the 2017-2018 period.
"Dubai's competitive advantages have enabled it to attract a high volume of foreign direct investment that exceeded $3 billion in the first half of 2017," he said.
Praising Dubai's transition into a diversified and resilient economy that serves as an international business hub, Buamim pointed out that 98 per cent of the emirate's GDP comes from non-oil sectors.
He highlighted the important role of the media as a strategic partner in economic growth. The media, he said, plays a significant role in supporting Dubai's development by raising awareness of new legislation and business opportunities and encouraging entrepreneurs to invest in new ventures.
On Dubai Chamber's strategy, Buamim said it is working to reinforce its role as a trusted partner to Dubai's business community and a bridge between business and government. The Chamber's new customer-oriented strategy aims to boost competitiveness and growth in the private sector. - issacjohn@khaleejtimes.com
The market, which is expected to post over Dh100 billion in sales through more than 30,000 transactions in first quarter, will sustain steady increase in transactions and prices throughout the year
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