Dubai aims to become top 3 global city in next 10 yrs
The city launches its economic agenda ‘D33’ for the next decade
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Dubai: Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, launched the Dubai Economic Agenda 'D33' with the ambitious goals of doubling the size of Dubai's economy over the next decade and consolidating its position among the top three global cities.
'D33' comes with a vision of total economic targets of AED 32 trillion (USD 8.7 trillion) over the next 10 years, aiming to double the size of Dubai's economy and consolidate its position among the top 3 global cities. Mohammed bin Rashid said that "2033 will mark 200 years since the foundation of Dubai, the year in which Dubai will be the most important global business centre. "Dubai will rank as one of the top four global financial centres with an increase in FDI to over AED650 billion over the next decade and an annual AED100 billion contributions from digital transformation"
The new Dubai Economic Agenda includes 100 transformative projects. 'D33' aims to double the emirate's foreign trade to AED25.6 trillion and add 400 cities as key trading partners over the next decade.
Sheikh Mohammed bin Rashid said: "In line with our long-standing tradition of launching key new initiatives on 4 January, 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".
Sheikh Mohammed added: "The Dubai Economic Agenda 'D33' includes 100 transformative projects, with economic targets of AED32 trillion over the next 10 years, doubling our foreign trade to reach AED25.6 trillion and adding 400 cities as key trading partners over the next decade".
Sheikh Mohammed further said: "Dubai will rank as one of the top four global financial centres 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 helping build Dubai into the fastest growing global city".
Sheikh Mohammed added: "2033 will mark 200 years since the foundation of Dubai: the year in which Dubai will be the most important global business centre, 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." The launch of the 'D33' Agenda formed part of Sheikh Mohammed's annual address on the anniversary of his Accession Day on 4 January.
An ideal environment for investment
The 'D33' Agenda includes the launch of innovative projects that will help achieve Sheikh Mohammed's vision to make Dubai the world's best city to live and work in. The value of the total targets set by the Dubai Economic Agenda 'D33' is AED32 trillion by 2033. The agenda will drive sustainable economic growth through innovative approaches.
The Dubai Economic Agenda 'D33' aims to accelerate growth by investing in human development, skillsets, and advanced technology and consolidating Dubai's global competitiveness, innovation, and knowledge-based economy. The agenda will invest in enhancing the advantages gained from Dubai's strategic location and its advanced infrastructure to raise the city's status as a preferred destination for major international companies and investments.
Ambitious goals
The Dubai Economic Agenda 'D33' sets ambitious goals including raising the total value of foreign trade in goods and services from AED14.2 trillion in the past 10 years to AED 25.6 trillion in the next decade.
