Worst is over for Dubai
(News - Detail)
Date : 17.05.2009The worst for Dubai appears to be over in terms of the financial crisis, according to Hamad Bu Amim, Director-General of the Dubai Chamber of Commerce and Industry, (DCCI). His belief stems from a business confidence study conducted by his institution among top business leaders, which signals optimism.
"So, there is a feeling of optimism and I definitely believe the worst is over. However, the economic growth could take anywhere between 12 to 18 months from now, while we could see some clear indications later this year."
According to Bu Amim, the government is working on laws and regulations that will reduce procedures and lower licensing and business registration costs and make Dubai a more competitive place to work and live.
"The government is working on a new investment law, which could be announced in the second half of the year" he said.
Contacts :
Address:
CzechTrade Dubai
Jiří Zavadil
Dubai World Trade Center
7th Floor - Office No.21
P.O.Box 9759
Sheikh Zayed Road
DUBAI
United Arab Emirates
Jiří Zavadil
Dubai World Trade Center
7th Floor - Office No.21
P.O.Box 9759
Sheikh Zayed Road
DUBAI
United Arab Emirates
Contacts :
E-mail:
dubai@czechtrade.cz
WWW: http://www.czechtrade.ae
Phone: +971 4 3097018
Fax: +971 4 3097019
Fax: +971 4 3313493
WWW: http://www.czechtrade.ae
Phone: +971 4 3097018
Fax: +971 4 3097019
Fax: +971 4 3313493
