His Highness Sheikh Mohammed bin Rashid Al Maktoum the Vice President, Prime Minister and the Ruler of Dubai, recently praised the UAE’s private sector stating it as an important partner to the UAE’s public sector- helping in enhancing the UAE’s economy and the country’s ambitious vision for further development.
Sheikh Mohammed praised the sector while visiting the world’s largest indoor theme park IMG Worlds of Adventure, which opened on August 31st in Dubai.
Impacting the economic landscape
Sheikh Mohammed further emphasised that the partnership between the private and the public sectors has had a good amount of impact since its inception on all of the state’s development phases, and will continue to have a unique impact on the economic landscape of the country. He added that the active role played by the private sector and its high-quality projects had created significant value for the UAE.
He was accompanied by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai during his visit to the theme park.
Robust growth and investments
Commending the solid investments that have driven economic growth and development, Sheikh Mohammed said that the public-private partnership is a key pillar in building the nation and realising the people’s aspirations. He added that private sector investment in the main projects plays a significant role in enhancing the UAE’s leading position as a model for development, and boosting its attractiveness for local and foreign investors.
He referred to the remarkable developments in the hospitality, leisure and tourism industry sectors, which are key economic pillars that support the UAE Vision 2021 and the National Agenda, which aim to make the UAE the region’s economic, tourism and trade capital.
IMG Worlds of Adventure, worth Dh3.7 billion is solely owned by the Ilyas & Mustafa Galadari Group, stretching over an area of 1.5 million square feet, making it the largest indoor theme park in the world.
Latest posts by admin_istathmir (see all)
- Shuaa Capital acquires 14% stake in KHCB - December 26, 2016
- Dh1.5m cost to educate a child in the UAE - December 6, 2016
- RTA adopts innovative ideas to enhance energy and green economy initiatives - September 21, 2016