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Dubai announces its 'D33' economic agenda for the next ten years.

The Dubai Economic Agenda, or "D33," was introduced by Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai. Its ambitious objectives include tripling Dubai's economy over the next ten years and solidifying its position as one of the top three global cities.

In order to double Dubai's GDP and solidify its place among the top three worldwide cities, "D33" has a vision of total economic targets of AED 32 trillion (USD 8.7 trillion) during the next 10 years.

According to Mohammed bin Rashid, 2033 will mark 200 years since Dubai's founding and the year when Dubai becomes the most important international business hub. With the growth in FDI to over AED 650 billion over the next ten years and AED 100 billion in yearly contributions from digital transformation, Dubai will rank as one of the top four global financial centres.

100 game-changing projects are included in the new Dubai Economic Agenda. Over the following ten years, "D33" wants to expand the emirate's foreign trade to AED25.6 trillion and add 400 new cities as significant commercial partners.

According to Sheikh Mohammed bin Rashid, "We approved the Dubai Economic Agenda 'D33', which aims to double the size of Dubai's economy in the next ten years and solidify its position among the top three global cities, in keeping with our long-standing tradition of launching significant new initiatives on January 4."

"The Dubai Economic Agenda 'D33' contains 100 transformative developments, with economic targets of AED32 trillion over the next ten years, doubling our exports to AED25.6 trillion, and adding 400 cities as major trading partners over the next ten years," Sheikh Mohammed continued. also said With the growth in FDI to over AED 650 billion over the next ten years and an annual AED 100 billion contribution from digital transformation, Dubai will rank as one of the top four global financial centres. Dubai is becoming the metropolis with the fastest rate of growth thanks to over 300,000 international investors.

On January 4, the anniversary of his Accession Day, Sheikh Mohammed gave his yearly speech, which included the announcement of the "D33" Agenda.

Additionally, the agenda aspires to integrate younger generations of Emiratis into the private sector, making Dubai a centre for talented employees, the fastest-growing and most alluring global commercial hub, as well as an international hub for national SMEs and multinational corporations (MNCs).

The first set of projects is the Dubai Economic Agenda (D33), which aims to strengthen current economic relationships with Southeast Asia, Africa, and Latin America by establishing the Dubai Economic Corridors 2033 programme and adding 400 cities as significant trading partners.

A programme to encourage the expansion of 30 businesses into new industries so they can become global unicorns and integrate 65,000 young Emiratis into the labour market and the private sector will be on the agenda. By empowering a new generation of Dubai traders in a number of key growth industries, the Dubai Traders Project (DT33) will stimulate expansion in the bustling city's trading centre.

Businessmen from the Indian community in the UAE support and fully embrace D33's concept.

The CEO and founder of Conares and billionaire businessman Bharat Bhatia shared his opinion, stating that "Dubai's economic strategy D33 is a visionary and ambitious plan that will drive the city's economic growth and success in the future years. The city's economic development and prosperity will be boosted by programmes to increase Dubai's foreign trade, encourage innovation and entrepreneurship, and assist the expansion of local enterprises.

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Posted on :1/9/2023