Dubai, Jan. 4 (BNA): His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, today launched the Dubai Economic Agenda D33, with ambitious goals of doubling the size of Dubai’s economy throughout the year. The next decade, and consolidate its position among the three largest global cities.
And the Emirates News Agency (WAM) quoted His Highness Sheikh Mohammed bin Rashid as saying: “In line with our long-standing traditions of launching new major initiatives on January 4, today we adopted the Dubai Economic Agenda “D33”, which aims to double the size of Dubai’s economy in the next decade and consolidate its position among the world’s three largest cities.
His Highness Sheikh Mohammed added: “Dubai’s economic agenda” D33 “includes 100 transformational projects, with economic goals of 32 trillion dirhams over the next ten years, doubling our foreign trade to reach 25.6 trillion dirhams and adding 400 cities as major trading partners over the next ten years. Contract next.”
Sheikh Mohammed said: “Dubai will be ranked as one of the four largest global financial centers with an increase in foreign direct investment to more than 650 billion dirhams over the next decade and an annual contribution of 100 billion dirhams from digital transformation. More than 300,000 global investors are helping in Dubai today Building Dubai into the fastest growing global city.”
Sheikh Mohammed added, “The year 2033 will mark the 200th anniversary of the founding of Dubai: the year in which Dubai will be the most important global business center, and by that time we will have completed the D33 agenda. We know our economic trajectory over the next decade. The world makes way for those who know what They want “.
The launch of the “D33” agenda came as part of the annual speech of His Highness Sheikh Mohammed bin Rashid Al Maktoum on the anniversary of his accession on January 4.
The D33 agenda includes launching innovative projects that will help realize His Highness Sheikh Mohammed’s vision of making Dubai the best city in the world to live and work in. The total value of the targets set by the Dubai Economic Agenda “D33” is 32 trillion dirhams by 2033.
The agenda will drive sustainable economic growth through innovative approaches.
Dubai Economic Agenda “D33” aims to accelerate growth by investing in human development, skill sets and advanced technology and to enhance Dubai’s global competitiveness, innovation and knowledge-based economy.
The agenda will invest in enhancing the advantages gained from Dubai’s strategic location and advanced infrastructure to raise the city’s status as a preferred destination for major international companies and investments.
Dubai Economic Agenda “D33” sets ambitious goals that include raising the total value of foreign trade in goods and services from AED 14.2 trillion in the past ten years to AED 25.6 trillion in the next decade.
Agenda “D33” also aims to increase 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 in the next decade to reach a total of 650 dirhams. billion over the next ten years.
The “D33” agenda will witness a growth in government expenditures from 512 billion dirhams in the past decade to 700 billion dirhams in the next decade, with increased investment in future growth sectors and further development of traditional trade and economic sectors.
One of the pivotal goals of the “D33” agenda is to raise the competitiveness of the city’s thriving business sector, which will enable private sector investment to increase from Dh790 billion in the past decade to Dh1 trillion by 2033.
The D33 agenda also aims to increase the value of domestic demand for goods and services from 2.2 trillion dirhams in the past decade to 3 trillion dirhams in the next decade, in line with Dubai’s vision to promote a vibrant trade sector and diversified economy.
Other goals of the “D33” agenda include generating new economic value from digital transformation, averaging AED 100 billion annually. The digital economy is a main pillar of the agenda, as Dubai embarks on a new phase in which it seeks to pioneer and sustain the growth of an economy based on knowledge, innovation and future technologies.
Dubai Economic Agenda 2033 focuses on a set of key priorities for the next decade, including raising the added value of the industrial sector, promoting export growth, contributing to sustainable economic growth, and achieving self-sufficiency in a number of key sectors and industries. , including manufacturing.
Other key priorities include making Dubai one of the five leading logistics hubs in the world, and one of the four largest global financial centres.
The agenda also seeks to increase the productivity of Dubai’s economy by 50 percent through innovation and digital solutions.
Moreover, the agenda aims to integrate the new generations of Emiratis into the private sector, making Dubai a center for skilled workers, the fastest growing and most attractive global business center, and an international hub for global multinational companies and national small and medium enterprises.
Another key priority of the D33 Agenda is to make Dubai one of the top three international destinations for tourism and business by providing a globally competitive environment for business sustainability and lowering the cost of doing business across a number of sectors. Agenda “D33” aims to position the city as a fast-growing and attractive business hub with a world-class quality of life and to ensure the highest levels of security and safety for citizens and residents of Dubai.
The Dubai Economic Agenda “D33” seeks to add 400 cities as major trading partners and launch the Dubai Economic Corridors 2033 initiative, which will enhance existing foreign trade relations with Africa, Latin America and Southeast Asia.
The agenda will include a program to support the growth of 30 companies in new sectors to become a global unicorn, and to integrate 65,000 young Emiratis into the workforce and the private sector.
The Dubai Merchants (DT33) project will empower a new generation of Dubai merchants in various key growth sectors, driving growth in the city’s vibrant commercial hub.
The first set of projects on the agenda also includes the Dubai Unified License that will provide a unique business identity to all businesses across economic zones, and the “Sandbox Dubai,” which aims to make Dubai a major hub for incubating business innovation by enabling the testing and commercialization of new products and technologies.
D33’s agenda also includes the launch of the Dubai Project to Attract the World’s Best Universities, as part of the broader goal of making Dubai a leading global center for higher education, and a program to boost the growth of small and medium enterprises by identifying 400 high potential companies and supporting their capacity building and global expansion.
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