Dubai: H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence of the UAE, and Chairman of The Executive Council of Dubai, has approved a series of initiatives aimed at empowering individuals and society, promoting trade and investment, enhancing economic performance measurement, and safeguarding the workforce during a meeting of the Dubai Executive Council.
According to Emirates News Agency, the meeting led to the approval of five key projects and initiatives: AED1 billion in economic incentives for Dubai’s economy and society; results highlighting Dubai’s economic growth during the fourth quarter of 2025, alongside an updated methodology for measuring the emirate’s GDP; the Virtual Warehouses Initiative; the Dubai Empowerment Strategy; and the Health and Safety Strategy for Workers’ Accommodation.
These decisions align with the vision of President His Highness Sheikh Mohamed bin Zayed Al Nahyan and His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai. H.H. Sheikh Hamdan emphasized that under their leadership, the UAE is positioned for a better future, serving as a global benchmark for cities with clear vision and sound policy.
H.H. Sheikh Hamdan stated that Dubai is recognized worldwide for its credibility, transparency, and trust among businesses and investors, and is prepared to meet challenges through the determination of its people. The measures approved at the meeting reflect Dubai’s commitment to providing practical support to individuals, families, and businesses.
The meeting, attended by H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE, and H.H. Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Second Deputy Ruler of Dubai, outlined the economic incentives to be implemented over three to six months from 1st April 2026. These incentives include deferring government fees, allowing hotels to postpone paying sales fees and Tourism Dirham, extending customs data grace periods, and streamlining residency permits.
The Executive Council approved the economic performance results for the fourth quarter of 2025, showing a 6.4 percent growth, with Dubai’s GDP increasing by 5.4 percent for the full year, reaching AED937 billion. The council also endorsed an updated methodology for measuring GDP, expanding economic surveys and statistical coverage.
The Virtual Warehouses Initiative, overseen by Dubai Customs, facilitates temporary imports, including artwork, exempting them from customs duties and financial guarantees. This supports Dubai’s status as a leading global center in the art world.
The Dubai Empowerment Strategy, supervised by the Community Development Authority, is designed to raise living standards and promote sustainable employment. It focuses on job seekers and home-based entrepreneurs, building on achievements of the Dubai Empowerment Programme.
The Health and Safety Strategy for Workers’ Accommodations aims to improve conditions for workers, targeting 100% access to essential services and compliance with health and safety regulations by 2033. This initiative supports the Dubai 2040 Urban Master Plan and aligns with International Labour Organisation regulations.