His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, while presiding over the second meeting of the Dubai Council, launched the “Dubai District of the Future” project, by connecting the Emirates Towers with the Dubai World Trade Center and the Dubai International Financial Center, to be the largest region For the future economy industry in the region, which includes unprecedented financing and legislative facilities, His Highness also directed a new target for the volume of Dubai's non-oil foreign trade, to reach two trillion dirhams within five years, and to intensify and unify the efforts of external marketing and promotion of Dubai by establishing 50 offices in 50 countries around the world , For C&C promotion Neighborhood and investment to Dubai.

His Highness directed the establishment of a billion dirham fund, to support the new economy companies within the Dubai neighborhood for the future. The new zone will work to enhance the position of Dubai as a favorite destination for global talents and expertise, and entrepreneurs in various sectors, through many initiatives and projects aimed at transforming the Emirate of Dubai into an integrated business and investment environment that includes exceptional facilities, especially in the area of ​​the new economy.

During his presidency of the second meeting of the Dubai Council, His Highness Sheikh Mohammed bin Rashid Al Maktoum said: “The new economy or the economy of the future will be a major focus on the agenda of the 50 goals that we seek to achieve during the next five years.” His Highness added: “Dubai will be the global capital of the new economy. His Highness, noting: “The Dubai Council will focus on opening new economic sectors for the emirate and achieving transformations in its current sectors.”

His Highness added: “We seek a great leap in Dubai's foreign trade, through stimulating, energizing and continuous development of all its logistical, legislative and service tools, and developing new international partnerships.” His Highness explained: “50 offices of Dubai for commercial and tourism promotion will be in the five continents, and the unification of external efforts will carry better results. Dubai Economy.

His Highness said: "I asked that messages be sent to all directors of departments and public figures in the emirate, to raise development proposals for me directly, to achieve positive transformations in our journey."

And His Highness continued: «2020 will be the beginning of a huge development leap, and it is the year of the great change that will carry us to the next twenty with full force.

His Highness directed a new target for the volume of non-oil foreign trade, amounting to two trillion dirhams, during the next five years, and assigned His Highness the CEO and Chairman of the Board of Directors of "DP World", Sultan Ahmed bin Sulayem, the responsibility of this file, by opening markets New foreign affairs for the emirate, developing the logistic services system, and enhancing the competitiveness of local exports, by forming a committee to manage this file and achieve the desired goals through all incentive and promotional means.

The committee will have to submit a plan within 30 days of its convening, a research that includes setting a vision to open new markets for Dubai's foreign trade, holding strategic international partnerships, enhancing the competitiveness of local exports, creating new export sectors, developing the logistics system in the emirate, and consolidating the capabilities of international shipping lines that Run by the emirate.

Meanwhile, His Highness Sheikh Mohammed bin Rashid Al Maktoum, while presiding over the Dubai Council meeting, directed the unification of efforts to promote and external marketing in Dubai in the commercial, tourism and investment fields by establishing 50 offices to promote commercial, tourist and investment in Dubai in 50 countries around the world, which provide Unified centers that can serve multiple sectors of investors, creators, merchants, tourists and global talents, enhance the international presence of the Emirate of Dubai, reduce its operating costs abroad, and multiply the impact of its promotional efforts globally, in addition to increasing Dubai's merchandise, services, scientific, cultural and creative exports And others, in addition to increasing Dubai's tourism, investment, financial and scientific revenues, and enhancing its attractiveness to talents, skills, students, and others.

The “Dubai District of the Future” initiative will be an umbrella for a group of joint projects that will be launched, which will translate the outputs of the document “January 4, 2020,” announced by His Highness Sheikh Mohammed bin Rashid Al Maktoum, in which His Highness pledged to continue working on developing the Emirate of Dubai, by supporting Embracing national and global talent, building new partnerships that provide employment and financing opportunities for entrepreneurs and startups, as well as adopting many incentive initiatives to facilitate the establishment of new companies and launch innovative ideas in the field of designing the future economy.

During the coming period, 10 initiatives will be launched to support the future economy, by providing an investment environment, technical, legislative, service and motivational that is the best and most attractive of its kind in the region and the world, and includes the Dubai Future Economy Fund, the Office of the Future Economy Companies, and legislative licenses to innovate and experiment with future economy technologies, and housing options Discounted for future economy pioneers, a new stock exchange for future economy companies, the largest space for future economy companies' incubators and accelerators, Future Economy Research Center, graduation of future economy companies from national universities, and international conferences on economy and Before, the best integrated area for entrepreneurs.

Deputy Head of State:

"The Dubai Council focuses on opening new economic sectors for the emirate and achieving transformations in its existing sectors."

"I asked that letters be sent to all directors of departments and public figures in the emirate, to raise development proposals for me directly."

"We seek a great leap in Dubai's foreign trade, by stimulating, revitalizing and continually developing all its tools."

To unify the efforts of promoting and marketing Dubai abroad in the commercial, tourism and investment fields.

Create a new exchange for new economy companies, within the Dubai International Financial Center.

Legislative licenses to innovate and experiment with future economy technologies

Under this initiative, future economic pioneers, through the Legislative Laboratory and the “District 2071”, will be able to obtain legislative licenses to experiment with their innovations in areas designated for that, and they will serve as experimental regions. These pilot areas will contribute to supporting the economy of the Emirate of Dubai. Examples of innovation pilot areas include a self-driving car trial area and a UAV test area for civilian use.

Future Economy Companies Office

An office for future economy companies will be established on issuing special residencies for future pioneers for a period of five years, as well as providing services for issuing licenses for innovative projects, in addition to providing banking facilities for future economy pioneers, providing legal services for entrepreneurs with international standards, and providing flexible workspaces, in addition to Providing training services and workshops.

The best integrated area for entrepreneurs

The project "Dubai neighborhood for the future" includes three prominent areas in Dubai, including the Dubai World Trade Center, the Emirates Towers area, and the Dubai International Financial Center, all of which have contributed since its establishment to achieving great successes in the economy of Dubai and the UAE, where it will be linked between these The districts are mediated by a bridge inspired by the Museum of the Future. The integration between the Dubai World Trade Center and the Emirates Towers and the Dubai International Financial Center will contribute to making the “Dubai District of the Future” the largest innovation area in the world, thereby establishing Dubai’s leading position as the largest economic center in the region, and providing more opportunities for success for entrepreneurs who are looking To growth and expansion in the markets of the Middle East, Asia and Africa.

Dubai Fund for the Future Economy

A billion dirham fund, intended for future economy pioneers in Dubai and the region, to provide the necessary support and facilities for emerging technology companies, especially in the initial founding stages. It aims to enhance the position of Dubai as a preferred destination for establishing future companies.

Reduced housing options for future economists

Under this initiative, future economists can take advantage of the available housing options, at a price of less than 3,000 dirhams per month per unit. For this purpose, "District 2071" will partner with real estate developers to provide housing options at the target price.

A window for financing and consulting future economists

Through this initiative, an area will be allocated within the “Region 2071” as a unified window for many entrepreneurs, owners of expertise, and investors in the future economy, so that through this window, future economy companies can obtain the necessary funding and advice to start and expand their activities.

A new exchange for future economy companies

An exchange designated for future economy companies, under the umbrella of the Dubai International Financial Center, to obtain financing and raise capital according to a more flexible system. It aims to provide infrastructure for future economy companies, to obtain financing and reduce the burden of underwriting procedures.

The largest space for future economy incubators and accelerators

This will be the largest incubator of its kind in the MENA region, to assist future economy companies in their initial founding stages, by providing training in innovation and developing prototypes, in addition to providing an opportunity to benefit from the network of partners and available facilities.

Future Economy Research Center

The Center for Future Economy Research will contribute to the design of applied research through many specialized laboratories, in the field of robotics and artificial intelligence, among others, so that the center forms a platform for scientific research, and joint cooperation with the government and private sectors.

Graduating future economy companies from national universities

A program aimed at consolidating the culture of entrepreneurship, and encouraging students of public and private universities in the country to establish economic companies, so that students in the acceleration phase work to transfer their innovative ideas to future economy companies.

International conferences on the economy and companies of the future

Dubai neighborhood will host for the future the largest and most important international events and conferences, seeking to provide global platforms for future economic leaders to communicate through, and to explore the growth prospects and present their projects to a larger audience.