Coinciding with the anniversary of his assumption of the reins of power in the Emirate of Dubai

Mohammed bin Rashid launches the "Dubai Economic Agenda D33" with 100 transformational projects

picture

Yesterday, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, launched the "Dubai Economic Agenda D33", which includes 100 transformational projects, with ambitious economic goals, seeking to double the size of Dubai's economy during the next decade, up to a year. 2033, and consolidate its position among the three best economic cities around the world.

His Highness Sheikh Mohammed bin Rashid Al Maktoum's launch of the Dubai Economic Agenda 2033 follows his habit of unveiling transformative projects on the fourth of January every year, coinciding with the occasion of His Highness assuming the reins of power in the Emirate of Dubai.

economic agenda

His Highness Sheikh Mohammed bin Rashid Al Maktoum said: “Brothers and sisters.. In accordance with our annual habit on the fourth of January, by launching projects and programs that change our reality for the better.. Today we adopted, thank God, the Dubai Economic Agenda for the next 10 years (D33).. Our goal is to double the size of Dubai's economy over the next decade, and to be among the three best economic cities in the world.

His Highness affirmed that "Dubai's economic agenda includes 100 transformational projects, the details of which will be announced ... and total economic targets amounting to 32 trillion dirhams over the next 10 years ... and doubling our foreign trade to reach 25 trillion dirhams during the next decade ... and adding trade corridors to Dubai with 400 new cities." around the world".

His Highness added: “Dubai will be among the four most important global financial centers, and our goal is to attract foreign direct investments that exceed 650 billion dirhams within 10 years, and the current digital transformation will add 100 billion dirhams to Dubai’s economy annually .. Today we have more than 300 thousand investors in Dubai .. I invite Everyone to join our journey to be one of the fastest growing cities in the world.

And His Highness continued: «2033 is the year in which modern Dubai completes 200 years..and 2033 is the year in which Dubai will, God willing, be the most important global economic center..and 2033 is the year in which our economic journey (D33) will be completed..we know our global economic position through The coming years.. and the world makes way for those who know what they want.

investment climate

The Dubai Economic Agenda witnesses the launch of transformative and innovative projects that contribute to the consolidation of the strategic vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, to make Dubai the best city in the world for living and working.

The value of the total targets of the "Dubai Economic Agenda D33" amounts to 32 trillion dirhams until 2033, based on an ideal investment climate that enhances the strength of Dubai's economy in innovative ways that contribute to achieving sustainable growth.

Dubai Economic Agenda D33 looks forward to providing a unique experience in work and development, based on main axes embodied in skilled minds and ideas, advanced technology, and an economy based on innovation and knowledge.

Raising competitiveness

The "agenda" also seeks to enhance interaction with the components of the economic sector in Dubai and the UAE, raise the level of competitiveness, and develop the sustainable development process, by investing in the unique and distinguished strategic location of Dubai and its advanced infrastructure, so that it remains the preferred destination for major international companies.

The agenda, thanks to its strategic and proactive visions and plans, and the efforts of the national work teams, strengthens the position of the emirate's economy as one of the most developed and flexible global economic models, more stable and immune to future crises and challenges.

foreign trade

The "Dubai Economic Agenda D33" carries ambitious targets that it is working to achieve during the next decade, as it seeks to raise the total volume of foreign trade from 14.2 trillion dirhams in the past decade to 25.6 trillion dirhams for goods and services for the next decade.

In achieving this, Dubai is based on a wide network that extends to many countries of the world, at a time when trade relations between the emirate and the rest of the world reflect Dubai's success in developing these relations, as the foreign trade sector represents an essential tributary of Dubai's economy, based on a long history confirmed The emirate has its position as a pivotal center for global trade.

foreign investment

The objectives of the "Dubai Economic Agenda D33" include raising the contribution of foreign direct investment to Dubai's economy from an average of 32 billion dirhams annually in the past decade to an average of 60 billion dirhams annually for the next decade, with a total of 650 billion dirhams over the next 10 years, as Dubai succeeded in laying solid foundations. For its relationship with the foreign investor, as a result of mutual trust established by several factors, including an infrastructure that is considered one of the highest efficiency in the world, flexible regulatory and legislative frameworks that take into account common interests with all investors, whether individuals or institutions, and an environment that supports innovation, research and development and attracts distinguished talents and professional competencies from different All over the world, to give these factors together the partnership with investors more solidity and strength that heralds more opportunities for growth and prosperity during the next phase of the various investment activities on the land of Dubai.

digital transformation

The objectives of the Dubai Economic Agenda also include generating new economic value from the digital transformation towards the new economy, at an average of 100 billion dirhams annually, which will be added to the Dubai economy, which achieves the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, towards consolidating Dubai's position as the global capital of the digital economy, and an important player in global digital system.

The digital economy is a major axis within the strategic plans of Dubai's economy, as it ushers in a new phase in pioneering and sustaining the growth of the emirate's economy based on knowledge, innovation and future technological applications that integrate physical, digital and vital technologies, thus enhancing Dubai's competitiveness and its leading position as a center for the most prosperous digital economy in the region and the world. .

Mohamed Ben Rached:

• "Dubai's economic agenda includes 100 transformational projects, the details of which will be announced ... and total economic targets amounting to 32 trillion dirhams over the next 10 years."

• "Dubai will be among the four most important global financial centers, and our goal is to attract foreign direct investments exceeding 650 billion dirhams within 10 years."

• "2033 is the year in which modern Dubai will complete 200 years... and it will be the year in which Dubai, God willing, will be the most important global economic center... and the year in which our economic journey will be completed."

• "Today we have more than 300,000 investors in Dubai... I invite everyone to join our journey to be one of the fastest growing cities in the world."

Increasing demand for goods and services

The objectives of the agenda include increasing the volume of demand for goods and services locally, from 2.2 trillion dirhams during the past decade to 3 trillion dirhams for the next decade, in line with Dubai's vision aimed at achieving a diversified economy that makes it a meeting place for the countries of the world.

One trillion dirhams of private sector investment

The objectives of the "Dubai Economic Agenda D33" include raising the competitiveness of the business sector, and bringing the volume of private sector investments in development projects from 790 billion dirhams to one trillion dirhams until 2033, a translation of the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, aimed at strengthening the role of private sector institutions. As a partner in development, it has an active and essential role in building the societies of tomorrow.

Follow our latest local and sports news and the latest political and economic developments via Google news