The
Economic Department was established in Dubai,
on March 18, 1992, by virtue of Law No. (1), of
1992 by His Highness Sheikh Maktoum Bin Rashid
Al Maktoum, Vice President and Ruler of Dubai.
In 1996 the name was changed to "The Department
of Economic Development". The law determines
the responsibilities of the Department as follows:
-
Prepare
and maintain a commercial register and supervise
its organization.
-
Register
and protect industrial and trade property rights.
-
Regulate
the affairs of commercial agents and brokers,
and commercial advertising offices.
-
Study
applications to establish or expand industrial
projects, and take appropriate decisions in
the light of their commercial viability.
-
Regulate
and promote the marketing of the Emirate’s
industrial products.
-
Encourage
local and foreign investments in commercial
and industrial projects, and create the appropriate
environment for such investment.
-
Organize
exhibitions in cooperation with the concerned
parties.
-
Control
the insurance industry and supervise insurance
companies operating in the Emirate.
-
Supervise
the incorporation of companies of whatever nature
and register national and foreign companies
and study the participation of the government
in companies and development projects and represent
the government in companies where it has a stake.
In
order to accomplish the vision of the Government
of Dubai, and to constantly remain at the heart
of the developments occurring in world economy and
in light of globalization and requirements of digital
economy, the Department has moulded its vision and
mission of building a futuristic establishment by
relying on its qualified personnel and state of
the art technologies available.
Travel
Tips 
