Dubai leads global economic hub with strategic investment initiatives
(MENAFN) Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, in his capacity as First Deputy Ruler of Dubai and Minister of Finance, emphasized Dubai's evolution into a robust and integrated economic model capable of sustaining continuous growth and adaptability. He highlighted Dubai's clarity in objectives and features, asserting its status as a premier global destination for pioneering investment opportunities. This positioning aligns with Dubai's ambitious economic agenda, aiming to rank among the top three economic cities globally by 2033.
Central to Dubai's strategy is the enhancement of its attractiveness for global investments, coupled with the adoption of a comprehensive program for developing foreign direct investment. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum announced a significant initiative to bolster foreign direct investment, allocating incentives amounting to AED 25 billion (USD6.81 billion) over the next decade. These incentives are intended to attract AED 650 billion in investments, aligning closely with the objectives of the Dubai Economic Agenda D33.
The Dubai leader underscored the emirate's adoption of cutting-edge capabilities and tools to optimize decision-making processes, formulate data-driven economic policies, and cultivate promising opportunities across various sectors. Dubai's approach also focuses on attracting top talent and fostering global direct investments.
In pursuit of a comprehensive economic and developmental framework, Dubai continues to enhance its leadership in urban planning and sustainable mobility. Efforts are underway to optimize sustainable and flexible systems that facilitate seamless movement and enhance Dubai's reputation as a premier global destination for living and working.
Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum's remarks underscore Dubai's strategic initiatives aimed at solidifying its global economic standing and fostering sustainable growth across all sectors. These efforts are poised to reinforce Dubai's role as a dynamic economic hub and a preferred choice for international investors and professionals alike.
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