Department of Economic Development (Dubai)

The Department of Economic Development (DED), also known as Dubai Economy, is the government body responsible for setting and driving the economic agenda of the Emirate of Dubai, United Arab Emirates. Its mission is to promote sustainable economic growth, enhance competitiveness, and provide a supportive environment for businesses to thrive.

The DED plays a crucial role in formulating economic policies, regulating business activities, and attracting foreign direct investment. It oversees a range of agencies and entities that contribute to Dubai's economic diversification, including those focused on trade, industry, consumer protection, and intellectual property.

Key functions of the DED include:

• Economic Policy Formulation: Developing and implementing strategies to achieve Dubai's economic goals.
• Business Licensing and Registration: Overseeing the process for businesses to obtain licenses and register their operations in Dubai.
• Investment Promotion: Attracting both domestic and foreign investment to support economic growth.
• Consumer Protection: Enforcing laws and regulations to protect consumer rights and ensure fair trade practices.
• Trade Facilitation: Streamlining trade procedures and promoting Dubai as a global trading hub.
• Intellectual Property Rights Enforcement: Protecting intellectual property rights to foster innovation and creativity.
• Market Research and Analysis: Conducting research and analysis to inform economic policy and provide insights for businesses.

The DED's initiatives are aligned with Dubai's broader vision of becoming a global center for trade, finance, and innovation. It actively works to create a business-friendly environment that encourages entrepreneurship, supports small and medium-sized enterprises (SMEs), and fosters a culture of innovation.