Latest news with #EconomicAgendaD33
The National
3 days ago
- Business
- The National
Sheikh Hamdan tours Dubai Diamond Exchange
, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence, visited Dubai Diamond Exchange on Monday. Sheikh Hamdan made the visit as part of a tour of Dubai Multi-Commodities Centre, which hosts the exchange that recently reached the milestone of trading more than one billion carats of rough and polished diamonds over the past five years, the emirate's media office reported. 'The visit provided the opportunity to see first-hand how DMCC continues to play a central role in driving global trade and investment flows to Dubai, positioning the emirate as a world-class business hub,' said Sheikh Hamdan. 'As we advance our economic diversification journey under the Dubai Economic Agenda D33, DMCC is leading the way in building high-performance, globally connected ecosystems that attract innovation, talent and capital across priority sectors.' Sheikh Hamdan visited the Dubai Diamond Exchange's tender floors, where he was informed about the trade practices in place for rough and polished diamonds, coloured gemstones and lab-grown stones, the media office added. He also received updates on DMCC's diamond ecosystem, including the expansion of the Gemological Institute of America into DMCC's new district, Uptown Dubai. Along with the visit DMCC unveiled its Strategy 2033, which places specialised industry ecosystems at the heart of its growth for the coming decade. These sectors include hubs in diamonds, gold and energy, as well as platforms for AI, Web3, blockchain and gaming.
Arabian Post
29-05-2025
- Business
- Arabian Post
Empowering UAE's SMEs through M&A Expertise
Akshay Dosaj and Asif Rashid The UAE's small and medium-sized enterprises (SMEs) sector is poised for substantial expansion, with projections estimating nearly one million businesses by 2030. As these enterprises navigate a competitive and dynamic environment, mergers and acquisitions (M&A) have become essential strategies for sustainable growth. To maximize these opportunities, SMEs need tailored solutions and expert guidance to achieve their growth ambitions and align with the UAE's broader economic vision. SMEs: The Backbone of the UAE Economy ADVERTISEMENT SMEs represent about 94% of all businesses in the UAE, contributing approximately 64% of the non-oil GDP and fostering innovation across a diverse range of industries. However, despite their critical role, SMEs often face significant obstacles in the field of M&A, such as high costs, fragmented services, and limited access to specialized expertise. Given these challenges, there is an increasing need for accessible, cost-effective M&A solutions that support SMEs in their pursuit of growth, expansion, or strategic exit. Supporting National Goals and Economic Vision The UAE government continues to prioritize SMEs as part of its long-term economic strategy, reinforcing their role in shaping a competitive and diversified economy. Initiatives such as Dubai's Economic Agenda D33 and Abu Dhabi's Economic Vision 2030 underscore the commitment to fostering a robust entrepreneurial ecosystem. The UAE Cabinet's recent approval of the National Investment Strategy 2031 further strengthens this focus. The strategy aims to enhance the country's position as a global investment hub, with ambitious goals such as increasing annual foreign investment inflows from AED 112 billion in 2023 to AED 240 billion by 2031. Five key sectors—industry, financial services, transport and logistics, renewable energy and water, and telecommunications and information technology—are prioritized to achieve these targets. For SMEs, these developments present new opportunities to attract investment, form strategic partnerships, and scale their businesses. However, the traditional M&A process is often perceived as complex and resource-intensive, involving intricate legal, financial, and operational navigation. As the investment landscape evolves, SMEs need structured, transparent, and efficient M&A solutions to seize these opportunities with confidence. ADVERTISEMENT Seizing Market Opportunities for SME Growth The UAE's M&A landscape continues to thrive, with regional activity reaching $86 billion in 2023, marking a 4% increase from the previous year. This momentum has been sustained through 2025, driven by rising investor interest, an influx of high-net-worth individuals (HNWIs), government-supported diversification initiatives, and favorable market dynamics. For SMEs, this environment presents unique opportunities to engage in strategic transactions, whether by acquiring new capabilities, or expanding into new markets. With the UAE becoming a hub for investors and HNWIs, the demand for innovative, scalable SMEs has surged. M&A can serve as a powerful tool for SMEs looking to attract investment, acquire synergies, or merge with businesses that enhance their competitive edge. Revolutionizing the M&A Landscape with Digital Solutions To capitalize on market trends, SMEs need efficient, transparent, and secure M&A services. Traditional models, with high costs and lengthy processes, no longer meet the fast-paced needs of modern businesses. Instead, digital platforms are emerging as the preferred solution, streamlining transactions and providing expert-backed guidance. Digital platforms, such as Bidzi, are transforming the M&A landscape in the UAE, aligning with national economic goals by simplifying transactions and offering comprehensive resources. These solutions enable SMEs to navigate complex transactions, secure investment, and enhance market value, fostering a dynamic entrepreneurial ecosystem. A Digital Future for UAE SMEs As SMEs embrace a technology-driven future, M&A will play a crucial role in their growth. Digital infrastructure ensures efficiency, scalability, and global competitiveness. With the right support and digital infrastructure, SMEs can successfully navigate complex transactions, secure investment, and enhance their market value. Platforms like Bidzi are helping shape this future, equipping SMEs with the tools, data-driven insights, and expert guidance needed to succeed in an increasingly competitive landscape. As the UAE accelerates its journey toward economic diversification and global leadership, and as the SME sector expands at an unprecedented pace, leveraging smart, scalable, and technology-driven M&A strategies will be essential to shaping the future of business in the UAE. Akshay Dosaj, Co-Founder and CEO, Bidzi and Asif Rashid, Co-Founder and Chief Operating Officer, Bidzi Also published on Medium. Notice an issue? Arabian Post strives to deliver the most accurate and reliable information to its readers. If you believe you have identified an error or inconsistency in this article, please don't hesitate to contact our editorial team at editor[at]thearabianpost[dot]com. We are committed to promptly addressing any concerns and ensuring the highest level of journalistic integrity.
Hi Dubai
27-05-2025
- Business
- Hi Dubai
UAE and Oman Sign Agreement to Develop Al Rawdah Special Economic Zone
H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, witnessed the signing of a landmark agreement to develop and operate the first phase of the Al Rawdah Special Economic Zone in Oman's Al Buraimi Governorate. The deal was signed in Muscat during a high-level UAE delegation visit led by Sheikh Hamdan, reflecting the deepening economic cooperation between the UAE and Oman. The agreement was signed by Eng. Ahmed bin Hassan Al Dheeb, Deputy Chairman of Oman's Public Authority for Special Economic Zones and Free Zones (OPAZ), and Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, on behalf of Mahadha Development Company, an Emirati-Omani joint venture. DP World is the majority partner in the project. Mahadha Development Company will develop infrastructure, master planning, and facilities for the zone, which will initially cover 14 square kilometers with plans to expand to 25 square kilometers. The zone's strategic location connects it directly to key ports in Oman and the UAE, including Sohar and Jebel Ali, enhancing logistics and market access across Gulf, Asian, and African trade routes. The zone aims to foster diversified economic activities such as manufacturing, logistics, pharmaceuticals, and food processing, while supporting Oman Vision 2040 and Dubai's Economic Agenda D33. It is expected to attract foreign direct investment, boost industrial output, and create thousands of jobs over time. This initiative follows record non-oil trade between the UAE and Oman in 2024, reaching AED 56 billion, signaling a growing partnership. DP World's four decades of expertise in free zone development positions the Al Rawdah project as a key driver for regional trade and economic growth. News Source: Emirates News Agency
ME Construction
19-05-2025
- Business
- ME Construction
Meraas unveils Atélis at d3
Property Meraas unveils Atélis at d3 By Atélis will feature 280 residences with a range of one-, two-, three-, and four-bedroom apartments as well as three exclusive sky villas Meraas has launched a new residential project in Dubai's d3. The 45-storey Atélis residential project was designed by SOM and will be located on the Creekside shoreline. Atélis will feature 280 residences with a range of one-, two-, three-, and four-bedroom apartments. Inspired by the UAE's desert flower, the tower will boast a distinctive facade defined by curved, petal like balconies. The terraces not only create a distinct appearance but also provide shade, enhancing the building's environmental performance while offering waterfront views and Dubai's skyline. Atélis at d3 includes three exclusive duplex sky villas, each of which features a private terrace overlooking the cityscape along with two penthouses with double height living spaces and a statement staircase, combination of space, design, and views. Khalid Al Malik, Chief Executive Officer of Dubai Holding Real Estate said, 'We are thrilled to unveil an architectural marvel like Atélis at d3, marking a new era for the city's creative hub. The iconic tower is destined to set new benchmarks for elevated living, further upholding the dynamic urban landscape of Dubai. Its design embodies the innovation and creativity that defines our city, and we are proud to reaffirm our commitment to Dubai's Economic Agenda D33 and the 2040 Urban Master Plan through this exceptional project.' Atélis at d3 fosters an experience of tranquillity, wellness, and recreation, by a resort like ambiance. The project offers three floors of amenities, with co working spaces, entertainment room, children's learning area, and a multi-purpose room that extends to the outdoor gardens on the ground floor. One entire floor features spa and wellness amenities, including a gym, infinity pool with lounges and a reading lawn. The project forms part of d3's upcoming expansion, which will play a vital role in meeting the demand from global customers in the design, fashion, and creative industries. The expansion project, which includes the development of six Grade-A office buildings, will add more gross leasable area (GLA) to the district, making d3 the destination of choice for creative minds around the world. The new development will feature office spaces built in line with LEED certification standards, and is set for completion by H1 2028. The project will also include sports facilities, community spaces, ample parking, fine dining options, all surrounding the residential developments. Meraas' projects offer a unique blend of people-centric communities rooted in wellness and sustainability, nestled within planned master communities that are instrumental in realising Dubai's 2040 Urban Master Plan. Committed to luxury, exclusivity, and privacy, this new address is poised to be part of one of the global creative hubs, d3, which houses creative brands, designers, studios, and entrepreneurs.
Arabian Business
18-05-2025
- Business
- Arabian Business
Dubai completes $30m Creek wharf makeover
Dubai Municipality has announced the completion of development works on the 2km-long Dubai Creek wharf on the Deira side. Delivered at a total cost of AED112m ($30.5m), the project aims to strengthen the quay's infrastructure, improve operational efficiency, and reinforce the historical waterway's commercial and tourism appeal. The development is part of the Municipality's efforts to preserve the heritage of the Creek, one of the emirate's most important maritime corridors, while supporting Dubai Economic Agenda D33. Dubai Creek wharf development By raising the surface level of the quay and improving retaining wall resilience, the project supports growing trade volumes and ensures safe, efficient docking of vessels. Works included increasing the retaining wall height to 8.3m and equipping the quay with 200 anchors and 500 ship berths. These upgrades enhance maritime navigation safety and bolster the creek's ability to handle a variety of commercial and tourism-related marine activities. Marwan Ahmed bin Ghalita, Director-General of Dubai Municipality, said: 'The development of the Dubai Creek wharf on the Deira side is a strategic infrastructure milestone that supports the vision of Dubai's leadership and the objectives of the Economic Agenda D33. 'This project reinforces the creek's role as one of the emirate's most vital trade and tourism assets and exemplifies Dubai Municipality's commitment to making Dubai a more pioneering, sustainable, and attractive city. 'Comprehensive upgrades were implemented using advanced equipment and flexible plans that ensured uninterrupted marine traffic. Development on the Bur Dubai side is already underway, spanning 2.3km. 'Once completed, the works will provide enhanced safety and efficiency for maritime navigation across both sides of the creek.' To improve water flow, the creek bed was dredged by 17,500 cubic metres, while 24,000 cubic metres of protective rock were placed to strengthen infrastructure durability. A total of 22,500 cubic metres of concrete and 1,315 precast blocks were used in the project. The quay's rear yard was also equipped with a 1,200-metre rainwater drainage network. In total, the development required more than 620,000 man-hours to complete. The total side area of the quay was expanded to 320,000sq ft, comprising cargo handling zones and a new public promenade designed to offer visitors a space for leisure and recreation along the waterfront. Despite rapid development across the city, the creek remains an iconic feature of the city's identity and continues to serve as a functional, historical, and touristic destination. The Municipality awarded the contract for the project in February 2024.
