A series of initiatives proposed by the board of Dubai Islamic Economy Develop Center (DIEDC) recently to boost Dubai’s status as the global capital of the Islamic economy, were approved by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai Crown Prince and chairman of the Dubai Executive Council.

The initiatives include the launch of the second Islamic Economy Index, as well as the third edition of the Islamic Economy Award, the second Global Islamic Economy Summit, and the release of the third State of Global Islamic Economy Report.

As part of the activation plans for the year, DIEDC will seek dynamic collaborations with international museums towards positioning Dubai as the capital of Islamic fashion, art and design.

Pointing out that the Islamic economy is witnessing accelerated growth across all sectors, Sheikh Hamdan noted that Dubai is well geared to pioneer new and ambitious projects in the next few years to achieve its goal of becoming a capital of Islamic economy by 2021.

“We have extensive experience, a clear roadmap, and strategic partners in the UAE and abroad. Everyone is working with concerted team spirit and a vision to accomplish our goal in developing Islamic economy globally, enhancing its products, and transforming the UAE into a global reference hub for all allied sectors,” he said.

Mohammad Al Gewgaw, chairman of the executive offer of Sheikh Mohammed bin Rashid Al Maktoum and chairman of DIEDC, said: “Dubai continues to strengthen its competitive edge in all sectors of the Islamic economy under the direction and continued follow up of Sheikh Hamdan.

“All indicators and numbers reviewed by the board show that we are on the right track towards achieving the vision of Sheikh Mohammed Bin Rashid Al Maktoum well ahead of 2021.” - TradeArabia News Service