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Three new entities formed at Dubai Economy and Tourism

by CEO Editorial Team

February 9, 2023 1

Dubai Economy and Tourism, one of the leading governmental organizations in Dubai, has announced the formation of three new entities aimed at driving the growth and development of the city’s economy and tourism sector. The move comes as part of the organization’s ongoing efforts to enhance the competitiveness of Dubai’s economy and solidify its position as a leading global destination for tourists and businesses alike.

The first of the three entities is the Dubai Tourism Development Company, which will be responsible for developing and promoting Dubai as a top-tier tourist destination. This entity will work closely with a range of stakeholders, including the tourism industry, to create a sustainable and competitive tourism environment that will enable the city to attract more visitors and generate greater economic benefits.

The second entity is the Dubai Economic Development Company, which will be focused on supporting the growth and development of the city’s business and industrial sectors. This entity will work with a range of stakeholders, including the private sector and government agencies, to create a supportive environment for businesses and entrepreneurs, as well as to encourage investment in Dubai.

Finally, the third entity is the Dubai Destination Management Company, which will be responsible for managing and promoting Dubai as a destination for business and leisure travelers. This entity will work with the city’s tourism industry to create a range of attractive and innovative offerings that will help to keep visitors engaged and ensure that they have a memorable experience in Dubai.

The formation of these three entities is a significant step forward for Dubai Economy and Tourism, and demonstrates the organization’s commitment to driving the growth and development of the city’s economy and tourism sector. The entities will work together to create a supportive environment for businesses and entrepreneurs, while also promoting Dubai as a top-tier destination for tourists and travelers.

According to a tweet by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council, “It is a new step that supports our approaches to provide the best business environment in the world in our quest to achieve all the objectives of the Dubai Economic Agenda D33.” The Dubai Business License Corporation (DBLC) will complement the efforts of DET’s existing subsidiaries to drive the Dubai Economic Agenda D33.

“We are working to raise Dubai’s status as a preferred destination for global companies, investment and talent by investing in human development and advanced technology, raising the city’s global competitiveness and innovation capabilities, reinforcing its knowledge-based economy and building on the advantages gained from the city’s strategic location and advanced infrastructure,” he further added.

The formation of these three new entities marks a new chapter for Dubai’s economy and tourism sector, and is set to play a key role in driving the growth and development of the city for years to come. Dubai Economy and Tourism is poised to continue its work of supporting the growth and development of Dubai, ensuring that the city remains a leading global destination for tourists, businesses, and entrepreneurs alike.