Dubai Islamic Economy Development Centre (DIEDC) convened its first board meeting for 2018, reviewing all the initiatives that had been implemented the previous year within the framework of DIEDC’s 2017-2021 strategy that seeks to realise the Dubai: Capital of Islamic Economy vision.
At the meeting chaired by His Excellency Sultan bin Saeed Al Mansouri, Minister of Economy and Chairman of DIEDC, board members also approved in principle several initiatives to be executed in the upcoming four-year period, which would significantly contribute to achieving the Centre’s strategic objectives.
In his Chairman’s address, His Excellency Sultan bin Saeed Al Mansouri said: “The trust of manufacturers and consumers in regulatory policies and standards is pivotal to the future of the global economy. The growing local and international trust in Dubai, and the wider UAE, promises greater progress in the domestic economy, especially in the Islamic economy domain.”
He further noted that the ambitious plans of the UAE government to contribute to the UN Sustainable Development Goals is not limited to accelerating the growth of local sectors, but spans a global vision to unify efforts across the world. He recommended that nations should collectively launch initiatives that improve the standards of living of their populations, and achieve the aspirations of the new generation to lead a more stable and equitable life.
During the meeting, His Excellency highlighted the momentum gained by the Dubai: Capital of Islamic Economy initiative since its launch in 2013, accelerated by DIEDC’s 2017-2021 strategy. He also commended the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, that anticipated the future of the global economy following the challenges brought on by the global financial crisis in 2008.
He said: “It is indeed to the credit of His Highness Sheikh Mohammed bin Rashid Al Makoum that he encouraged the integration of a just and transparent economic framework that has the capacity to strike a balance between wealth production and distribution. The directives of the Government of Dubai, and the larger UAE Government, support the noble objectives of comprehensive and long-term development that intersect with the principles and ethics of Islamic economy.”
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