Ambitious Goal of Doubling Economy is Part of Dubai Economic Agenda "D33"

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 significant worldwide business hub. With an FDI growth of over AED 650 billion in the coming ten years and yearly AED 100 billion contributions from digital transformation, Dubai will rank as one of the top four global financial centers." 100 game-changing projects are included in the new Dubai Economic Agenda. Over the following ten years, "D33" wants to quadruple 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 initiatives, 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.

The "D33" Agenda calls for the beginning of creative initiatives that will contribute to realizing Sheikh Mohammed's goal of making Dubai the best city in the world to live and work in. The total goals outlined in the Dubai Economic Agenda's "D33" are expected to total AED32 trillion by 2033. Through novel methods, the agenda will promote sustainable economic growth. The Dubai Economic Agenda (D33), which aims to accelerate growth by bolstering Dubai's competitiveness, innovation, and knowledge-based economy on a global scale, invests in human capital development, skill sets, and cutting-edge technology. The goal of the agenda is to make Dubai a more attractive site for big international businesses and investments by maximizing the benefits of its strategic position and sophisticated infrastructure.

The ambitious targets in the Dubai Economic Agenda (D33) include increasing the total value of international commerce in products and services from AED14.2 trillion in the previous ten years to AED25.6 trillion in the following ten years. The "D33" Agenda aims to increase foreign direct investment (FDI) from an average of AED32 billion per year in the previous ten years to an average of AED60 billion per year in the following ten years, for a total of AED650 billion over the following ten years.

Government spending under the "D33" Agenda will expand from AED512 billion over the previous ten years to AED700 billion over the following ten years, with greater investment in emerging markets and continued growth of established trade and economic sectors. Raising the competitiveness of the city's thriving business sector is one of the key objectives of the "D33" Agenda since doing so would make it possible to expand private sector investment from AED790 billion in the last decade to AED1 trillion by 2033.

In keeping with Dubai's objective for expanding its thriving trading sector and diverse economy, the "D33" Agenda also intends to boost the value of domestic demand for products and services from AED2.2 trillion in the previous decade to AED3 trillion in the next decade. Creating new economic value via digital transformation, at a rate of AED 100 billion yearly, is one of the other goals of the "D33" Agenda. With Dubai entering a new era in which it aspires to pioneer and sustain the growth of an economy based on information, innovation, and future technologies, the digital economy is a key pillar of the agenda.