Sheikh Mohammed announces D33, Dubai’s economic agenda for the next decade
A key goal of the Dubai Economic Agenda (D33) is to double the size of Dubai’s economy over the next decade and consolidate its position among the top three global cities.
Today we approved the Dubai Economic Agenda – D33, that aims to double the size of Dubai’s economy in the next decade and consolidate its position among the top three global cities.pic.twitter.com/7hMpEYgdRj
— HH Sheikh Mohammed (@HHShkMohd) January 4, 2023
The Dubai Economic Agenda D33 includes 100 transformational projects. The first package of transformational projects for the next decade includes:
- 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 a Small and Medium Enterprises scale-up programme by identifying 400 high-potential companies, supporting their capacity building, and supporting them to grow globally.
Objectives of Dubai Economic Agenda (D33)
The Dubai Economic Agenda D33 set the following objectives:
- To increase foreign trade from AED 14.2 trillion in the past decade to AED 25.6 trillion for goods and services in the next decade
- To increase foreign direct investment from an average of AED 32 billion annually in the past decade to an average of AED 60 billion annually in the next decade to reach a total of AED 650 billion by 2033
- To increase government expenditures from AED 512 billion in the past decade to AED 700 billion in the next decade
- To increase private sector investments from AED 790 billion in the past decade to AED 1 trillion in the next decade
- To increase the value of domestic demand for goods and services from AED 2.2 trillion the past decade to AED 3 trillion in the next decade
- To generate an annual contribution of AED 100 billion from digital transformation projects to Dubai’s economy.
