Dubai aims to be a global leader across all industries in the next 10 years, through the emirate’s D33 vision.
Speaking to Arabian Business at the AB UAE Conference held at the Museum of the Future on Thursday, Hadi Badri, Hadi Badri, CEO, Economic Development, Dubai Department of Economy and Tourism said the plan is set in place to transform Dubai as a “global economic superhub”, doubling GDP from AED 400 billion to AED 800 billion.
Dubai Economic Agenda D33
The D33 plan set out by Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai is set to further transform the emirate.
DET’s Badri highlighted that this can be achieved through diversification of the contributors to the national GDP, “placing a few bets” on upcoming industries such as the metaverse, developing Emirati talent, attracting multinational companies and small medium enterprises (SMEs) while “unlocking potential” on existing companies.
The D33 agenda which comprises of 100 projects, has an economic target of AED32 trillion ($8.7 trillion) as the emirate aims to position itself among the top four global financial hubs in the world, attracting more than AED650 billion ($191 billion) in foreign direct investments in the next 10 years.
Announcing the project on social media in early January, Sheikh Mohammed said: “The Dubai Economic Agenda D33 includes 100 transformative projects, with economic targets of AED32 trillion dirhams over the next 10 years, doubling our foreign trade to reach AED25.6 trillion and adding 400 cities as key trading partners over the next decade”.
The D33 agenda paves the way for a new phase of development in Dubai, driven by ideas, innovation, enterprise and new technologies, he noted.
A key part of the D33 economy plan is for Dubai to support the growth of 30 firms to become unicorns in the next decade.
A unicorn is the name given to a private company valued at more than $1 billion.
“The D33 is not just a departmental agenda, but an agenda for everyone,” Badri said, adding that the agenda is aimed at enhancing the quality of life for everyone who lives and work here, but also preserving Dubai’s culture. Badri also that on achieving the D33 agenda, Dubai will enter 200 years of Al Maktoum’s leadership.
Badri also emphasised that sustainability is at the core of the D33 agenda, and will contribute to UAE’s efforts to be carbon-zero by 2050.
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