Dubai Economic Council | 2,645 followers on LinkedIn. Since its inception in 2003 at the initiative of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, Ruler of Dubai, the Dubai Economic Council (DEC) has and continues to play a major role in supporting the Government of Dubai's economic policy decision-making. The Dubai Economic Council, chaired by H.E. Juma Al Majed, comprises leading businessmen and officials representing the most vital sectors of the Emirate's economy, and a Secretariat General led by H.E.