Built to inform

Sign up for the daily newsletters

No, Thank you

Sheikh Mohammed says real estate projects must 'adjust their pace'

Dubai Ruler reportedly says real estate projects must 'adjust their pace' to bring added value to national economy

HH Sheikh Mohammed bin Rashid Al Maktoum.
Dubai Media Office / Archives
HH Sheikh Mohammed bin Rashid Al Maktoum.

HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has reportedly called for continued economic growth through projects and real estate developments for the coming season in an open letter.

Published through the Dubai Ruler’s official Twitter account, 'The Letter of the New Season' outlined six main objectives for the coming period, among which was a call for real estate projects to “adjust their pace” and provide added value to the national economy.

Sheikh Mohammed wrote: “Economic figures are in progress, our competitiveness is improving and our foreign trade is increasing. However, we are not moving according to the average economic rates.

"We are a country seeking to make economic leaps that save. In the coming period, we need to do quality projects and exceptional ideas to advance our economy forward.

"Real estate projects need to be revamped to bring added value to the national economy and so as to not to become a burden and a source of imbalance in our economic process,” he said, according to a report by UAE daily, Gulf News.

Other points addressed by HH Sheikh Mohammed bin Rashid Al Maktoum included a call to improve processes related to Emiratisation, complaint response, and social media behaviour.

Most popular

Awards

Construction industry conversations around digitisation must evolve
The Middle East construction industry’s approach to tech must evolve and focus on how can

Conferences

CW In Focus | Inside the Leaders in KSA Awards 2019 in Riyadh
Meet the winners in all 10 categories and learn more about Vision 2030 in this
CW In Focus | Leaders in Construction Summit UAE 2019
A roundup of Construction Week's annual summit that was held in Dubai this September

Latest Issue

Construction Week - Issue 754
Nov 23, 2019