The Business Registration and Licensing (BRL) Division in the Department of Economic Development (DED) recently received a high level delegation from the construction, housing, financial and municipal sectors in Iraq, led by the International Finance Corporation (IFC), a member of the World Bank Group. The Iraqi delegation reviewed the business registration procedures in Dubai as well as DED’s electronic systems and also discussed ways to transfer DED’s expertise in facilitating doing business.
The delegation’s visit followed DED’s joint efforts with the International Finance Corporation to communicate the ease and efficiency of doing businesses in Dubai, enhance the UAE’s top rankings in the World Bank’s Doing Business Report for 2013 and promote the country as a globally competitive business hub.
Mohammed Shael Al Saadi, CEO of Business Registration and Licensing Division at DED, received the Iraqi delegation and took them through the procedures followed in the Division.
“The professionalism evident in registering businesses in Dubai has made the emirate a preferred destination for businessmen and investors globally. DED constantly updates its procedures and has developed a simplified regulatory framework that facilitates business management and expansion, thus creating a competitive environment to stimulate investment and increase ease of doing business,” said Al Saadi.
Al Saadi praised the Iraqi delegation’s interest in identifying the mechanisms of establishing business licenses, DED’s services such as issuance, renewal or cancellation of licenses, classification of e-services, electronic systems and supervision, in addition to the reservation of trade names on the website.
Mohamed Abdulkader, Project Manager Middle East and North Africa, IFC, said: “DED provides comprehensive opportunities for IFC to bring delegates from around the world to benefit from its unique experience and mechanisms in providing services for businessmen and investors in the field of commercial licensing and economic activities. We intend to bring more delegations during 2012 to engage with a broader spectrum of senior managers and officials, and promote transfer of DED’s experience and knowledge across various bodies and government institutions in the Middle East and North Africa.”
Mohamed Gaber, Director for Urban Development Directorate at the Ministry of Municipality and Housing in Iraq, and Head of the Iraqi delegation, said: “We look forward to improving the investment environment in Iraqi provinces through learning about the experience of the Emirate of Dubai, and transferring Dubai’s knowledge in enhancing quality while also cutting down on time and effort. We are pleased with DED’s cooperation in providing all the necessary information and it will indeed benefit Iraq.”
Rushika Bhatia Editor
Rushika Bhatia is one of the region’s leading commentators on business and current affairs issues. She is the Editor of CPI Media Group’s flagship title – SME Advisor magazine. In addition, she leads CPI Media Group’s infographics division – with special emphasis on data, research and statistics. Rushika has a Bachelor’s Degree from Indiana University, USA and is also CIMA qualified.