Money and business

The sector operates at a high operating capacity, which reflects its flexibility

The Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, held a meeting with the Dubai Jewelery Group, with the aim of supporting business continuity in the gold and jewelry sector in Dubai in the current circumstances, and driving work efficiency in all operational and commercial sectors related to this vital sector.

During the meeting, which was attended by the Director General of Dubai Chambers, Mohammed Ali Rashid Lootah, and in the presence of members of the Board of Directors of the Dubai Jewelery Group, who represent the major companies operating in the gold and jewelry sector in Dubai, the Chairman of the Board of Directors of the Dubai Jewelery Group, Tawhid Abdullah, confirmed that the gold and jewelry sector in all its fields is working at a high operational capacity that reflects its flexibility despite the current regional and global challenges, especially those related to supply chains, logistical operations, and transportation, many of which the resumption of flights through Dubai Airport has contributed to overcoming.

Abdullah said: “The Dubai government has always provided unlimited support to all business sectors during all the events that the world has witnessed, which has strengthened the national economy and consolidated the competitiveness of the private sector locally and globally. The government’s continued exceptional interest in developing the commercial and investment business system, in conjunction with the high efficiency with which the emirate deals with international changes, constitute vital factors in enhancing the solid confidence and positive climate among the local and global private sector regarding the reality and prospects of Dubai’s economy in the long term.”

Abdullah added: “Proactive coordination and direct interaction on the ground between the Dubai Chamber of Commerce and all government agencies with companies and investors contribute to enhancing the flexibility and sustainability of the private sector and overcoming challenges that may be imposed by global conditions.”

Mohammed Ali Rashid Lootah, Director General of Dubai Chambers, said: “The gold and jewelry sector in Dubai is at the forefront of priority economic sectors, and through effective and intensive communication with all stakeholders in the sector, we provide integrated support to ensure the smooth flow of work in all aspects of business related to the gold and jewelry trade and industry in Dubai and to raise the ability of companies to keep pace with developments in all efficiency and effectiveness, which consolidates Dubai’s name and status as the capital of gold and jewelry in the world.”

Participants in the meeting stressed that the high readiness of the business system in Dubai to keep pace with all developments plays a vital role in ensuring the smooth flow of business, and they praised the flexibility shown by all sectors in dealing with current changes, and providing appropriate solutions that ensure business continuity and the provision of vital transportation services for goods and commodities.

The meeting witnessed a constructive dialogue about the efforts made by the Dubai government to take care of the interests of the business community and stimulate the growth of all economic sectors in light of the current circumstances. The participants discussed practical solutions that address all the urgent priorities for the sector to enhance its flexibility and efficiency in adapting to global developments.

This meeting comes within the framework of the expanded meetings that the Chamber is holding with business groups and councils at the present time to follow up on the reality of the business system in light of the current circumstances, anticipate the prospects of the next stage, and enhance effective mechanisms to support the readiness of all sectors to keep pace with global changes.

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