His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, launched the Dubai Economic Agenda “D33” with the ambitious goals of doubling the size of Dubai’s economy over the next decade, and reinforce its position amongst the top 3 global cities.

The D33 objectives until 2033

• Increase foreign trade to AED 25.6 trillion for goods and services
• Increase foreign direct investment to reach a total of AED 650 billion
• Increase government expenditures to AED 700 billion
• Increase private sector investments to AED 1 trillion
• Increase the value of domestic demand for goods and services to AED 3 trillion
• Generate an annual contribution of AED 100 billion from digital transformation projects to Dubai’s economy

The first set of transformational projects

• Doubling the size of Dubai’s Foreign trade and adding 400 cities to Dubai’s foreign trade map
• Launching Dubai’s plan for green and sustainable manufacturing
• Launching Dubai’s Future Economic Corridors 2033 with Africa, Latin America, South East Asia
• Launching a scale-up programme for 30 companies to become global unicorns in new economic sectors
• Integrating 65,000 young Emiratis into the job market
• Launching Dubai Traders project to empower the new generation of traders in key sectors
• Launching Dubai’s unified licence as a unique commercial identity for all companies all over Dubai
• Launching ‘Sandbox Dubai’ to allow testing and commercialisation of new technologies and making Dubai a major innovation hub
• Launching a programme to attract the world’s best universities, making Dubai a global pioneering hub for higher education
• Developing an SME scale-up programme by identifying 400 high-potential companies, supporting their capacity building, and supporting them to grow globally