The participants discussed the outcomes of a workshop held on 8 December outlining the strategic goals and future objectives for Islamic economy and also examined steps forward for the Centre and its partners in developing initiatives and programme implementation mechanisms.
His Excellency Sultan bin Saeed Al Mansoori emphasised that in order to realise the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to position Dubai as the capital of Islamic economy, DIEDC needs to continually adapt its Islamic economy strategy to reflect emerging trends across the sector’s dynamic pillars.
“With clearly defined objectives, our Islamic economy strategy must be flexible and inclusive in nature to accommodate necessary changes. It must strengthen the commitment of concerned authorities to ensure effective implementation and governance mechanisms. Through doing so the strategy can seamlessly achieve our goal of transforming Dubai - and the wider UAE - into a leading international hub for Islamic economy and a destination of choice for key industry players,” said Al Mansoori. “All sectors of the Islamic economy must make significant contributions to the national GDP. Such sectors can provide investment opportunities that attract local and international investors alike. Following the global financial crisis, the investment culture has changed dramatically. We should all do our best to foster the new culture that focuses on responsible, secure investments to contribute to social development.”
Furthermore, he stressed that developing an innovative knowledge and research ecosystem is key to stepping-up efforts to reinforce the position of the UAE as a global platform for innovation and a catalyst to spur entrepreneurship across all sectors of Islamic economy. He invited all concerned stakeholders to build on previous achievements and leverage lessons learned from earlier challenges to outline a clear roadmap for current and future initiatives, identifying key performance indicators (KPIs) to ensure tangible economic impact.