The Economic Development Committee, part of the Dubai Executive Council, has held its regular meeting at the council’s headquarters at Emirates Towers, chaired by Shaikh Ahmed bin Saeed Al Maktoum, President of the Dubai Civil Aviation Authority, Chairman and CEO of Emirates airline and Group and Second Vice-Chairman of the Dubai Executive Council.
In the presence of Abdullah Al Shaibani, Secretary-General of the Executive Council of Dubai, the committee discussed the Real Estate development policies, which seek to organise and strengthen the real estate sector, as well as attract investments and support economic, social stability, and promote a sustainable development and green economy.
The members reviewed the policy’s methodology to identify needs and obstacles, as well as take the necessary measures to implement and to enhance existing infrastructure and support. The review also included determining of the legal and regulatory needs and processes to carry the real estate sector onwards in cooperation with the concerned authorities.
The meeting comes as a part of the sectoral committees meetings launched by Shaikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, to develop a general framework of the government’s agenda along with the public policy of the emirate.
KCIC reports KWD 1.03 million in profit for 2013
KCIC, which specializes in investments in domestic demand-driven sectors in Asia, has announced a net profit of KWD 1.03 million for the year 2013, with an earnings per share of 1.30 fils and a retur