UAE's Vice President and Prime Minister, Mohammed Bin Rashid AL Maktoum, has announced the launch of Dubai Economic Agenda D33, with the goal of reaching economic targets of AED 32 trillion (over $8.7 trillion) by 2033. To achieve this ambitious goal, the agenda includes a package of transformational projects focused on expanding and diversifying Dubai's economy over the next decade.
The Dubai Economic Agenda D33 sets out a series of transformational projects aimed at expanding and diversifying the city's economy, with the goal of achieving economic targets of AED 32 trillion (over $8.7 trillion). From strengthening partnerships with key trading partners to investing in green and sustainable manufacturing, Dubai is positioning itself as a leader on the global stage.
One of the key pillars of the agenda is to double the size of Dubai's foreign trade and add 400 cities to its foreign trade map. This will involve strengthening partnerships with key trading partners around the world and leveraging Dubai's strategic location as a hub for international commerce.
Another key focus of the agenda is the launch of a green and sustainable manufacturing plan, which aims to position Dubai as a leader in the production of eco-friendly products. This will involve investing in advanced technologies and processes to reduce the environmental impact of manufacturing, as well as supporting the development of sustainable supply chains.
In addition to these initiatives, the Dubai Economic Agenda D33 also includes plans to launch Dubai's Future Economic Corridors 2033 with Africa, Latin America, and South East Asia. These corridors will aim to strengthen economic ties and promote trade and investment between Dubai and these regions.
The agenda also includes a scale-up program for 30 companies in new economic sectors, with the goal of helping them become global unicorns. This will involve providing support for capacity building and global expansion, as well as fostering a culture of innovation and entrepreneurship.
Other key initiatives in the Dubai Economic Agenda D33 include a program to integrate 65,000 young Emiratis into the job market, the launch of the Dubai Traders project to empower the next generation of traders and the introduction of a unified license as a unique commercial identity for all companies in Dubai.
Finally, the agenda includes the launch of Sandbox Dubai, which will allow for the testing and commercialization of new technologies, making the city a major innovation hub. It also includes a program to attract top universities from around the world, positioning Dubai as a global hub for higher education.
Overall, the Dubai Economic Agenda D33 is an ambitious plan that aims to transform Dubai into a major global economic player by 2033. By focusing on expanding and diversifying its economy, strengthening its partnerships with key trading partners, and fostering a culture of innovation and entrepreneurship, Dubai is well-positioned to achieve its economic targets and become a model for other cities around the world.
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