DIEZ Unveils Strategic Plan for 2024-2026 Elevating Dubai's Position as a Global Investment Destination

DIEZ Unveils Strategic Plan for 2024-2026 Elevating Dubai's Position as a Global Investment Destination

His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Integrated Economic Zones Authority (DIEZ), has approved the Authority’s new strategy for 2024-2026.

The plan will further strengthen DIEZ’s mandate to promote Dubai’s standing as a leading regional and international destination for investment across various categories, thus contributing to the realization of the emirate’s strategic priorities concerning integrated economic zones.

DIEZ, established in 2021, aims to play a vital role in promoting economic growth in the emirate over the next three years. The Authority seeks to follow an economic roadmap aligned with the Dubai Economic Agenda, D33, supporting the D33’s ambitious vision for achieving sustainability, creating a vibrant market characterized by an array of investment opportunities, and promoting a future-ready business-friendly environment capable of adapting to changes and trends in diverse sectors.

DIEZ's ‘purpose’ highlights its commitment to “enable businesses, enhance lives, and foster a vibrant economy”. At the same time, its ‘aspiration’ aims to “open a new world of infinite economic opportunities” based on a set of core institutional values including ‘togetherness’, a ‘passion’ to make a difference, ‘affinity’ through cultivating relationships, ‘customer success’ and a futuristic vision by encouraging forward thinking and retaining an innovative mindset. 

Integrated framework

His Highness Sheikh Ahmed bin Saeed said:

“The DIEZ 2024-2026 strategy is a testament to our commitment to realising the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. It also aligns with the directives of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai. Our aim is to enhance economic performance and sustainable growth, driven by knowledge and innovation, ultimately contributing to making Dubai the best city in the world.

“The new DIEZ strategy is built on an integrated framework based on careful planning that aims to improve the quality of services provided to businesses, investors, and companies from all sectors and of all sizes. Our objective is to enhance the vital role of free zones as a major contributor to the local and national economy. This reinforces our commitment to strengthening Dubai’s position and that of the UAE as a global partner and an attractive, influential economic hub. These efforts are carried out in accordance with national directives and plans, in cooperation with our partners from the public and private sectors,”

Three cornerstones

His Excellency Dr. Mohammed Al Zarooni, Executive Chairman of the DIEZ, said:

“The approval of the DIEZ 2024-2026 strategy is an important step towards achieving the vision of our wise leadership. We aspire to make Dubai a preferred destination for investors worldwide and solidify its role as an essential link within the global trade network. This will be achieved by focusing on three strategic cornerstones: achieving excellence, growth, and enriching the economic landscape, as well as placing investors at the top of our priorities by striving to achieve their aspirations and providing products, services, and solutions that exceed their expectations.

“The strategy serves as a roadmap for DIEZ to open a new world of infinite economic opportunity. We plan to leverage the promising potential within the emirate and work alongside our strategic partners to elevate it to greater levels of efficiency and effectiveness. This, in turn, will be advantageous to businesses and investors by applying best practices and providing top-tier support and services to Dubai’s economic community across various sectors,”

DIEZ focuses on three strategic pillars: excel, grow, and enrich. Underpinning its commitment to excel are three priorities: strengthening DIEZ’s contribution to Dubai’s non-oil economy, advancing as a market leader across its business portfolios, and creating a remarkable experience for clients, enabling their growth and success.

In the context of the growth pillar, DIEZ aims to pioneer the next high-growth industry economic zone in Dubai, invest in high-value businesses along the value chain, and position DIEZ as a leading global player in the realm of economic zones. 

The enrich pillar will focus on elevating DIEZ’s value proposition through a range of new, high-quality products and services, besides contributing to building a sustainable future by adopting responsible environmental, social, and governance practices. 

Enabling factors

DIEZ has identified several enabling factors critical to achieving the 2024-2026 strategy. These include developing synergies across the economic zones under its purview, strengthening its brand locally and globally, and ensuring that it achieves strong and sustainable financial performance.

Moreover, these factors also provide for delivering world-class and sustainable engineering projects and services cost-effectively, attracting, nurturing, and engaging the best talents in a positive work environment. This is in addition to leveraging the enormous potential of digital transformation.

Within the framework of its new strategy, DIEZ is committed to upholding institutional values, including a united team spirit, encapsulated by the motto, ‘Stronger Together, United in Purpose.’ This is based on DIEZ’s commitment to promoting the realization of common goals. Furthermore, the organization places a high value on passion, as denoted by the slogan ‘Fuelled by Passion, Driven by Ambition,’ reflecting DIEZ’s unwavering pursuit of its goals, which are motivated by a deep desire to make a difference.

DIEZ also highlights the value of affinity, as reflected in the slogan ‘Creating Connections, Cultivating Relationships,’ by which it aims to build empathy and a sense of connection among all stakeholders within a sustainable ecosystem. Additionally, DIEZ prioritizes customer success, as signified by the slogan ‘Customer Success, Our Success,’ according top priority to anticipating customer needs and exceeding their expectations. The Authority also focuses on the value of futuristic vision, as reflected in the slogan ‘Imagining Tomorrow, Innovating Today,’ thus stimulating a forward-thinking and innovative mindset among its employees and encouraging them to remain curious and stay ahead of the curve in a dynamic business world.

Ideal model 

DIEZ encompasses three well-established free zones: Dubai Airport Free Zone, Dubai Silicon Oasis, and Dubai CommerCity. It employs an integrated approach among these zones to enhance its role in bolstering the national economy and building an ecosystem that serves all strategic sectors, ultimately enhancing the competitive capabilities of the Emirate of Dubai.

It sets out an ideal model by fostering a holistic experience complete with living, working, and leisure choices, which enhances the attractiveness of Dubai as a major hub for investment in the region. It provides world-class options in terms of basic infrastructure to support businesses, as well as legislative and regulatory frameworks and lifestyles, creating an environment with all the elements of modern life besides advanced services and facilities.

DIEZ makes for a very compelling proposition for investors as an advanced and integrated system that facilitates easy access to regional and international markets, well backed up by a global network complete with impressive logistical, administrative, and technical capabilities. 

News Source: Dubai Media Office

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