Dubai on its way to becoming a top global hub

Dubai, often referred to as the jewel of the United Arab Emirates, has unveiled an impressive vision for the coming decade: The Dubai Economic Agenda D33. The main goal of this ambitious plan is to double the size of Dubai’s economy within the next ten years and establish the city as one of the top three global metropolitan centers.

100 transformative projects
A key part of the D33 agenda is 100 transformative projects that will shape the city’s growth and progress over the next few years. Some of the first most notable initiatives include:

1. A doubling of Dubai’s foreign trade and an expansion of the foreign trade network by 400 cities;
2. Launching a green and sustainable manufacturing plan;
3. The launch of Dubai’s Future Economic Corridors 2033, focusing on regions such as Africa, Latin America and Southeast Asia;
4. Programs to develop 30 global “unicorns” (unicorn companies) in new economic sectors;
5. Integration of 65,000 young Emiratis into the labor market;
6. Launch of the “Dubai Traders” project to empower the new generation of traders in key sectors;
7. Introduction of a single Dubai license as a unique trading identity for all businesses in Dubai;
8. Creating “Sandbox Dubai” to test and commercialize new technologies to position Dubai as a strong innovation hub;
9. Creating programs to attract the world’s best universities, with the aim of establishing Dubai as a global leader in higher education;
10. Develop a scale-up program for SMEs by identifying 400 high-potential companies to strengthen their capabilities and grow globally.

Concrete goals of the D33 agenda for a prosperous Dubai

• Increase foreign trade from AED 14.2 trillion in the last decade to AED 25.6 trillion for goods and services in the next decade.
• Increase foreign direct investment from an average of AED 32 billion per year in the last decade to an average of AED 60 billion per year in the next decade, to reach a total of AED 650 billion in 2033.
• Increase in government spending from AED 512 billion in the last decade to AED 700 billion in the next decade.
• Increase in private investment from AED 790 billion in the last decade to AED 1 trillion in the next decade.
• Increase in the value of domestic demand for goods and services from AED 2.2 trillion in the last decade to AED 3 trillion in the next decade.
• Generate an annual contribution to Dubai’s economy of AED 100 billion from digital transformation projects.

Concluding remarks
The Dubai Economic Agenda D33 underlines Dubai’s ambition to consolidate and further expand its economic position on the global stage. With such a comprehensive and forward-looking vision, coupled with practical and tangible projects, Dubai is once again setting the standard in the global economic landscape. It will be exciting to watch this remarkable agenda unfold over the coming years.