March 15, 2021

DIEDC's 2021 strategy to boost Dubai's status as global capital of Islamic economy

categories : islamic finance

DIEDC will play a key role in on-boarding international partners keen to benefit from the growing investment opportunities the Islamic economy presents

Dubai Islamic Economy Development Centre (DIEDC) launched its 2021 plan with a specific focus on the DIEDC 2022-2030 Strategy, which aims to reinforce Dubai’s status as global capital of Islamic Economy

Sultan bin Saeed Al Mansouri, chairman of DIEDC, said the Islamic economy has seen four years of outstanding achievements that can largely be attributed to the robust DIEDC 2017-2021 Strategy. Implemented in collaboration with the Centre’s strategic partners, a key outcome of the strategy was the year-on-year growth of the Islamic economy and an increase in its contribution to Dubai’s GDP.

He said that the Dubai: Capital of Islamic Economy initiative, launched as part of the national economic diversification agenda, was making strides due to the strong synergies that DIEDC has with its strategic partners from across the public and private sectors.

Al Mansouri added: “The next phase requires us to intensify collaborations with DIEDC’s strategic partners to continue building on the successful track record Islamic economy has achieved to date and will aim to elevate the Islamic economic system to greater heights.”

Essa Kazim, the secretary general of DIEDC, said that the executive plans will continue to prioritise the strategic objectives of the Dubai: Capital of Islamic Economy initiative, to boost the industry’s contribution to Dubai’s GDP, and also bring on board more international partners keen to benefit from the growing investment opportunities the Islamic economy presents.

He added that Dubai and UAE are building growing credibility in the Islamic economy space through attracting Islamic economy experts and subject matter specialists. “This bodes well especially in the run up to the fifth edition of the Global Islamic Economy Summit, scheduled to take place on the side lines of Expo 2020 Dubai.”

Abdulla Mohammed Al Awar, CEO of DIEDC, presented the various initiatives and outcomes achieved in line with the Dubai: Capital of Islamic Economy Strategy in 2020 and announced DIEDC’s action plan for the upcoming year that covers proposed new initiatives and expected milestones on existing ones.

zawya

islamic finance

Islamic Development Bank pledges $200m f...
April 7, 2021
DIEDC's 2021 strategy to boost Dubai's s...
March 15, 2021
Global Islamic finance assets set to hit...
December 14, 2020