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In a sequence of tweets Saturday, Deputy Ruler Maktoum Bin Mohammed bin Rashid introduced that the Dubai Financial Division and the Division of Tourism and Commerce will likely be mixed beneath the management of Helal al Marri, director normal of the Tourism Division.
“Through the earlier interval, the 2 departments performed a pivotal position in establishing Dubai as an financial and tourism capital,” the deputy ruler who can also be the finance minister, mentioned. “The following section requires excessive competitiveness for the emirate, which requires full concord between the 2 sectors.”
The emirate, a part of the United Arab Emirates federation, will goal to draw 25 million vacationers in 2025, Hamdan bin Mohammed, crown prince of Dubai, added to his brother’s announcement.
This 12 months, Dubai is internet hosting the World Expo 2020 after it was delayed due to the Covid-19 pandemic. The occasion is anticipated to draw 25 million guests, in individual and just about. Virus circumstances within the UAE have been working under 100 per day for a couple of weeks.
In a subsequent tweet, Dubai’s media workplace mentioned the brand new entity’s important targets embody making Dubai one of many high cities in main financial indicators and attracting 100,000 firms within the subsequent three years.
Since being appointed finance minister in September, Maktoum Bin Mohammed bin Rashid has introduced a number of modifications, together with the potential itemizing of 10 state-related entities.
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