Dubai Silk Road Strategy approved

Sunday, 3 March 2019 08:26

Dubai now has its own Silk Road strategy, which aims to promote the emirate’s position as a global trade and logistics hub.

It’s one of the major elements of Dubai’s 50-year development charter announced earlier this year.

His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, has approved the new initiative, which will focus on enhancing trade between free zones and the rest of the Emirates.

It will also boost connections between DP World terminals across the world with Emirates Airline playing a key role.

The strategy has been prepared by the Ports, Customs and Free Zone Corporation (PCFC) in partnership with key government entities.

It comprises nine initiatives and 33 projects that will see the collaboration of Emirates Airline, Dubai Airports, Dubai South, Dubai Free Zones (DFZ) Council, Dubai Maritime City Authority (DMCA), Dubai Roads and Transport Authority, DP World, Dubai Municipality, and Jebel Ali Free Zone.

More from Business

H.H. Sheikh Mohammed unveils AED 100 billion DIFC expansion plan

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has launched the DIFC Zabeel District — a landmark expansion of the Dubai International Financial Centre.
Dubai Media City marks 25 years of media innovation, leadership

Dubai Media City, the Middle East’s leading hub dedicated to the media and content creation sector, is marking its 25th anniversary of innovation and growth in the creative industries.
India, EU slash tariffs on autos, textiles in landmark trade deal

India and the European Union have finalised a long-pending landmark trade deal, both sides said on Tuesday, as they seek to hedge against strained ties with the US.
H.H. Sheikh Mohammed emphasises UAE's role as global hub for trade

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has visited the 31st edition of Gulfood, the world’s leading food and beverage sourcing event, marking the largest edition in its history.