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Dubai Launches Ambitious ‘D33’ Economic Agenda To Become One Of The Top Three Global Cities By 2033

On the anniversary of his Accession Day, HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, launched the Dubai Economic Agenda ‘D33’, a comprehensive plan with the goal of transforming Dubai into one of the top three global cities by doubling the size of its economy over the next decade.

“In line with our long-standing tradition of launching key new initiatives on 4 January, today we approved the Dubai Economic Agenda ‘D33’ that aims to double the size of Dubai’s economy in the next decade and consolidate its position among the top three global cities,” said HH Sheikh Mohammed bin Rashid.

“Dubai will rank as one of the top four global financial centers with an increase in FDI to over AED650 billion over the next decade and an annual AED100 billion contribution from digital transformation. Over 300,000 global investors in Dubai today are helping build Dubai into the fastest-growing global city,” stated HH Sheikh Mohammed.

“2033 will mark 200 years since the foundation of Dubai: the year in which Dubai will be the most important global business center, and by then we would have completed the D33 Agenda. We know our economic path over the next decade. The world makes way for those who know what they want,” said Sheikh Mohammed.

The ‘D33’ Agenda includes 100 transformative projects and aims to drive sustainable economic growth through innovative approaches, such as investing in human development, skillsets, and advanced technology, and consolidating Dubai’s global competitiveness, innovation, and knowledge-based economy. The agenda will also invest in enhancing the advantages gained from Dubai’s strategic location and advanced infrastructure to make the city a preferred destination for major international companies and investments.

Some of the key major highlights of the Dubai Economic Agenda ‘D33’ include:

  • Increasing foreign trade to AED25.6 trillion and adding 400 new cities as key trading partners over the next decade
  • Raising the contribution of foreign direct investment (FDI) to Dubai’s economy from an average of AED32 billion per year to an average of AED60 billion per year (for a total of AED650 billion)
  • Driving sustainable economic growth through investments in human development, skillsets, and advanced technology, and consolidating Dubai’s global competitiveness, innovation, and knowledge-based economy
  • Increasing the value of domestic demand for goods and services from AED2.2 trillion to AED3 trillion
  • Generating new economic value from digital transformation, with an annual target of AED100 billion

What is the Dubai Economic Agenda ‘D33’?

The Dubai Economic Agenda ‘D33’ is a new economic initiative launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, with the goal of transforming the city into one of the top three global cities by doubling the size of its economy over the next decade. The Agenda includes 100 transformative projects with economic targets of AED32 trillion (about $8.7 trillion) over the next 10 years.

What are the goals of the ‘D33’ Agenda?

The ‘D33’ Agenda has several ambitious goals, including increasing foreign trade to AED25.6 trillion and adding 400 new cities as key trading partners over the next decade, raising the contribution of foreign direct investment (FDI) to Dubai’s economy from an average of AED32 billion per year to an average of AED60 billion per year (for a total of AED650 billion). Driving sustainable economic growth through investments in human development, skillsets, and advanced technology, and increasing the value of domestic demand for goods and services from AED2.2 trillion to AED3 trillion. The Agenda also aims to generate new economic value from digital transformation, with an annual target of AED100 billion.

How will the ‘D33’ Agenda achieve its goals?

The ‘D33’ Agenda will achieve its goals through a variety of innovative approaches, such as investing in human development, skillsets, and advanced technology to enhance Dubai’s global competitiveness, innovation, and knowledge-based economy. By focusing on these areas, the city hopes to attract more private-sector investment and drive sustainable economic growth. The Agenda will also invest in enhancing the advantages gained from Dubai’s strategic location and its advanced infrastructure, which will help to make the city a preferred destination for major international companies and investments. By embracing digital transformation, the ‘D33’ Agenda will also help to attract even more investors and continue the city’s rapid economic growth.

What is the significance of the ‘D33’ Agenda?

The ‘D33’ Agenda is a significant economic initiative that aims to transform Dubai into one of the top three global cities by doubling the size of its economy over the next decade. Through a focus on increasing foreign trade, attracting foreign direct investment, driving sustainable economic growth, and embracing digital transformation, the Agenda will help to solidify Dubai’s position as a leading global business center. By achieving its ambitious goals, the ‘D33’ Agenda will help to ensure that Dubai continues to thrive and grow in the coming years.

Dubai’s Economic Agenda “D33” aims to enhance trade relations with countries in Africa, Latin America, and Southeast Asia and establish 400 new cities as key trade partners. The Agenda includes plans to support the growth of 30 companies in new sectors, integrate 65,000 young Emiratis into the workforce, empower a new generation of Dubai traders, and create a unique commercial identity for all companies across economic zones through the Dubai Unified License. It also includes the launch of “Sandbox Dubai,” which aims to make the city a hub for incubating business innovation, and a program to promote the growth of SMEs by identifying and supporting 400 high-potential companies. In addition, the Agenda includes the Dubai Project, which aims to attract top universities to the city as part of the broader goal of making Dubai a leading global hub for higher education.

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