‘Invest in Dubai’ (IID), the integrated digital business set-up platform, has won the ‘Best Global Digital Transformation Initiative for Investors 2021’ award from the World Economic Magazine.
The World Economic Magazine Inc. Award, which honours institutions, companies and thought leaders who provide innovative solutions in the financial sector, comes in recognition of the efforts made by the Government of Dubai in designing smart solutions for businesses. The achievement strengthens the emirate’s position as a leading global investment destination.
Launched by Digital Dubai –a Dubai government department mandated to drive the city’s smart and digital transformation – in February 2021, ‘Invest in Dubai’ offers a unique business set-up experience backed by Dubai’s advanced smart solutions. IID was developed in partnership with Dubai Economy (Department of Economic Development- Government of Dubai), under the supervision of the General Secretariat of the Executive Council of Dubai, and other local and federal entities.
The Award’s Judging Committee recognised the role and the efforts of the teams involved in launching the first unified digital platform for establishing a business in Dubai.
HE Sami Al Qamzi, Director General of Dubai Economy, said: ‘Invest in Dubai’ was launched as part of Dubai’s vision to become a global centre for business and investment. As an integrated platform, the project reflects the collaborative efforts of Dubai government entities in simplifying the process of doing business in the emirate and driving the smart transformation of the economy. We are delighted to see that this innovative platform and the benefits it offers to investors worldwide is being recognised globally.”
HE Hamad Obaid Al Mansoori, Director General of Digital Dubai, said: “Everyone at Digital Dubai is delighted that the ‘Invest in Dubai’ platform was awarded the ‘Best Global Digital Transformation Initiative for Investors 2021’ by the World Economic Magazine. This achievement, made in close collaboration with our partners at the Department of Economic Development and the General Secretariat of the Dubai Executive Council, adds to our track record of success in designing innovative digital services and solutions that cover all aspects of life in Dubai.”
Al Mansoori commended the efforts of the teams at Digital Dubai, Dubai Economy, and the General Secretariat of the Dubai Executive Council, which resulted in the launch of a long series of qualitative initiatives in the field of smart services, with the ‘Invest in Dubai’ platform being a prominent outcome. The platform provided real value to global investors and entrepreneurs and represented the best choice to conduct business through utilising a smart approach, he added. Apart from playing an important role in transforming how business is conducted, IID will help consolidate Dubai’s position as a global investment destination, Al Mansoori said.
The largest one-stop-shop platform of its kind, ‘Invest in Dubai’ enables investors to obtain trade licenses and launch their business in a matter of minutes. Powered by advanced technology, IID offers a seamless, integrated, and customer-centered digital process that allows users to save time and effort, sparing them the need to visit service centres and reduce the paperwork required to establish companies.
The three partner entities are committed to further developing the ‘Invest in Dubai’ platform and enhancing the integration between government agencies in implementing all the procedures required to provide commercial licenses to investors. IID supports the comprehensive digital transformation of Dubai and contributes to expanding the scope of its services to cover all sectors, including the investment and business sector.
The local and federal entities that also contributed to the project include: the UAE Ministry of Human Resources and Emiratisation; UAE Ministry of Economy; Federal Authority for Identity and Citizenship; Directorate General of Dubai Civil Defense; Telecommunications and Digital Government Regulatory Authority; Dubai Free Zone Council; Dubai Municipality; Dubai Health Authority; Dubai Roads and Transport Authority; Dubai Police; UAE State Security – Dubai; Security Industry Regulatory Agency; Dubai Land Department; Dubai Customs; Dubai Civil Aviation Authority; Dubai Courts; Dubai Tourism; Supreme Legislation Committee; Knowledge and Human Development Authority; Dubai Maritime City Authority; Community Development Authority; Islamic Affairs and Charitable Activities Department; Dubai Sports Council; Dubai Chamber; Economic Security Center of Dubai; and Emirates NBD.