His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai has unveiled the Dubai Economic Agenda D33, a bold initiative designed to double Dubai’s economic size and position the city among the top three global metropolises within the next ten years.
This comprehensive plan encompasses 100 transformative projects, targeting an impressive AED 32T in economic growth over the coming decade, according to Arabian Business.
D33: Dubai’s Ambitious Goals
Notable goals include doubling foreign trade, adding 400 cities as trading partners, and elevating foreign direct investment to AED 650B. The agenda aims to establish Dubai as a leading global financial hub while fostering innovation and entrepreneurship.
The vision set forth by Sheikh Mohammed includes positioning Dubai as the world’s foremost business center by 2033, aligning with the 200th anniversary of the city’s foundation.
The agenda is geared towards sustainable economic development, focusing on investments in human development, advanced technology, and bolstering Dubai’s global competitiveness.
The plan aspires to boost the city’s total foreign trade value to AED 25.6T and increase foreign direct investment to AED 650B over the next decade.
Key aspects of the D33 agenda involve ramping up government expenditures, private sector investments, and the value of domestic demand.
Aiming to generate AED100 billion annually through digital transformation, the plan emphasizes crucial sectors such as manufacturing, logistics, and finance.
Additionally, the agenda prioritizes integrating Emiratis into the private sector, enhancing Dubai’s appeal as a tourism and business destination, and solidifying its status as an innovation and entrepreneurship hub.
At a recent Dubai Business Forum, Issam Abdulrahim Kazim, CEO of Dubai Corporation for Tourism and Commerce Marketing, highlighted the strategic foresight underpinning Sheikh Mohammed’s vision.
He emphasized the seamless collaboration between the private and public sectors, emphasizing that the D33 agenda serves as a catalyst for advancing Dubai’s status as a top global destination for various activities.
Responding to competition from other countries, Kazim noted that Dubai’s strategic plans, including D33, Dubai 2040 Urban Masterplan, and UAE Centennial Plan 2071, illustrate the city’s distinct approach akin to a startup.
He views competition as beneficial, highlighting Dubai’s agility and innovative thinking as foundational elements in maintaining a competitive edge.
