EDC reviews real estate development policies


07/03/2013 09:02 AST

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.

WAM
Economic and Business News
2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | News Archive
Most Viewed Companies
Ticker Price Volume
QNBK 137 56,720
SABIC 83.22 9,564,103
RIBL 11.1 408,710
GFH 0.24
SIPCHEM 14.42 390,009
ALMARAI 54.99 272,022
STC 64.16 443,225
Recent News

Central Bank of Bahrain bonds oversubscribed
The latest issue of five-year government development bonds has received subscription to the tune of 113 per cent, the Central Bank of Bahrain (CBB) announced yesterday.

Subscriptions worth

Goods and services set to cost more with VAT rollout
Consumers and businesses in Bahrain need to gear up for the introduction of Valued Added Tax (VAT) from January 1, 2018 which is set to make consumption of goods and services more expensive.

First independent Chinese refiner trades DME Oman
Shandong Chambroad Petrochemicals Co, has become the first independent Chinese refiner to trade Oman crude oil futures on the DME, the leading east of Suez energy exchange. The Chinese government al

National Bank of Oman to offer mortgages on Bausher Heights villas
National Bank of Oman (NBO) announced on Wednesday that it has entered into an agreement to offer mortgages on 16 villas currently being built in the Bausher Heights development in Muscat.

Major initiatives to make a central fisheries hub for the region
Oman is taking several major steps to develop fisheries sector to make the country a hub for the region, said the Minister for Agriculture and Fisheries.

“We are trying to build Oman as a

GulfBase GCC Index
Search By
  • Company Symbol
  • Company Name
  • Mutual Fund Name
  • News Content
Send this page to a friend

Poll

Looking ahead, what change you are more likely to make in investing in your domestic stock market?