D33 Flashcards
Dubai economic agenda plan period:
10 year plan by sheikh Mohammed bin Rashid Al maktoum
What’s the aim?
Double economy by 2033
Top three global cities
Objectives of D33 and strategic vision for 2033:
200th anniversary since foundation
Fastest, safest and most connected city in the world
Excelling in traditional sectors like trade, logistics but also innovation, digital connectivity and quality of life for its residents and visitors
Economic targets:
25.6 trillion in foreign trade - accomplished by expanding existing trade routes and creating new global corridors
1 trillion in private sector investments - fostering partnerships between local businesses and global enterprises
650 billion in foreign direct investment - attract international companies by offering a competitive and business friendly environment
100 billion by digital transformation because of its pivotal role
3 trillion domestic demand for goods and services - ensuring robust local economic activity
Government expenditure - 700 billion
Key priorities:
Dubai will strengthen its position as global hub for logistics, finance and tourism - backbone of dubai growth and D33 aims to elevate it further
Innovation and digital solutions leveraged to boost economic productivity by 50% - advancements in automation, AI and blockchain
Prioritises supporting small and medium enterprises and developing unicorn companies. Enable local business to compete on global scale.
Self sufficiency in manufacturing and technology ensuring Dubai remains resilient to global disruptions
Focus on digital economy:
Heart of Dubai growth strategy
Development of knowledge based economy where innovation, technology and advanced research okay a central role.
100 billion digital economy will drive new opportunities in e-commerce, fintech and AI
World class innovation hubs and foster entrepreneurship in emerging industries
Global competitiveness:
One of key drivers of success
Leveraging strategic location and state of art infrastructure, city aims to cement its position on global stage.
Rank among top 5 in logistics hub and top 4 in financial centres globally.
Top 3 global destinations for tourism and business by enhancing its business friendly ecosystem and high quality of life
Initial projects:
Dubai economic corridors 2033 - expand foreign trade by adding 400 cities as trading partners. Strengthen Dubai connectivity and global influence.
Dubai traders project - empowering new generation of traders by providing them with resources and tools to succeed
Sandbox Dubai - platform for businesses to test and implement new innovations in technology and operations
Attracting top global universities to Dubai to establish city as hub for world class education
Support 30 companies in emerging sectors to achieve unicorn status, drives innovation and entrepreneurship
Integrating 65K Emirati into workforce to ensure local talent plays vital role in economy
Introduction of Dubai unified license will streamline business operations, making it easier for entrepreneurs to launch and scale their ventures
Sustainability goals:
Promotion of green industries and adoption of sustainable practices across sectors
Highlights importance of creating a multicultural, highly skilled workforce to support sustainable development
Investment in small and medium enterprises:
Backbone of Dubai economy
Strong commitment to their growth in D33
Support for 400 high potential small and medium enterprises, help them expand globally through innovation, capacity building and access to resources
Tourists and lifestyle:
Central to global appeal
Top 3 destination for tourism and business - Dubai will further solidify its reputation as a world class city
Enhance safety, tolerance and overall quality of life for residents and visitors
How D33 reshapes major economic sectors?
Real estate and infrastructure
Financial services
Tourism and hospitality
Tech and innovation
Healthcare and life sciences
Budget allocation:
32 trillion budget
Investments in private sector growth - 1 trillion, foreign trade - 25.6, FDI - 650 and digital economy - 1 trillion.
Each allocation is designed to drive impactful and measurable outcomes
Vision for future:
Doubling GDP
Becoming one of top 3 global cities
Transforming into fastest, safest and most connected city in world
Dubais unwavering commitment to global leadership and innovation
