The Dubai Chamber of Commerce and Industry, signed a Memorandum of Understanding (MoU)with the General Directorate of Residency and Foreigners Affairs, GDRFA, and the Dubai Free Zone Council to launch the “Be Part of Dubai” initiative, prominent businessmen will receive UAE Golden Residency Visas.
The Memorandum of Understanding was signed at the launch ceremony held on the sidelines of the Global Business Forum Africa 2019 in Dubai. It supports continuing efforts to attract and retain high-net-worth investors from Africa by giving them with an easy and efficient way to obtain long-term residency visas.
The partnership agreement was signed between Hamad Buamim, President and CEO of Dubai Chamber, Major General Mohamed Ahmed Al Marri, Director-General of GDRFA, and Dr. Mohammed Al Zarooni, Secretary-General of Dubai Free Zones Council.
As per this agreement, the three entities will work with each other to identify priority areas for attracting investments to Dubai, according to Dubai’s income diversification targets. They will also merge to familiarise businessmen with the nature and scale of opportunities available in key economic sectors, as well as with the incentives provided to Dubai foreign investors.
“The department is working to implementing the vision of our wise leadership and support its initiatives, which are always a driving force for comprehensive and sustainable economic and social development.” Said Major General Al Marri.
“The ‘Be Part of Dubai’ initiative aligns with our efforts to attract high-net-worth individuals to Dubai who can make a significant contribution to the emirate’s economy, in addition to enhancing the confidence of investors by providing them and their families with more flexibility in terms of livelihood and transportation. Initiatives such as this one help us achieve our goals of boosting the flow of foreign direct investments, strengthening the local market through increased demand, creating an enabling business environment, and driving growth across all sectors.” Said Dr. Mohammed Al Zarooni, Secretary-General of Dubai Free Zones Council.