Mohammed bin Rashid launches Dubai Economic Agenda ‘D33’ with total economic targets of AED 32 trillion over the next 10 years
- Written by Media Outreach
Agenda aims to double the size of Dubai's economy and consolidate its position among the top 3 global cities 
HH Sheikh Mohammedbin Rashid said: "In line with our long-standing tradition of launching key new initiatives on 4 January, 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". HH Sheikh Mohammed added: "The Dubai Economic Agenda 'D33' includes 100 transformative projects, with economic targets of AED32 trillion 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". HH Sheikh Mohammed further said: "Dubai will rank as one of the top four global financial centres with an increase in FDI to over AED650 billion over the next decade and an annual AED100 billion contribution from digital transformation. Over 300,000 global investors in Dubai today are helping build Dubai into the fastest growing global city". Sheikh Mohammed added: "2033 will mark 200 years since the foundation of Dubai: the year in which Dubai will be the most important global business centre, and by then we would have completed the D33 Agenda. We know our economic path over the next decade. The world makes way for those who know what they want." The launch of the 'D33' Agenda formed part of HH Sheikh Mohammed's annual address on the anniversary of his Accession Day on 4 January. An ideal environment for investment The 'D33' Agenda includes the launch of innovative projects that will help achieve HH Sheikh Mohammed's vision to make Dubai the world's best city to live and work in. The value of the total targets set by the Dubai Economic Agenda 'D33' is AED32 trillion by 2033. The Agenda will drive sustainable economic growth through innovative approaches. The Dubai Economic Agenda 'D33' aims to accelerate growth by investing in human development, skillsets and advanced technology and consolidating Dubai's global competitiveness, innovation and knowledge-based economy. The Agenda will invest in enhancing the advantages gained from Dubai's strategic location and its advanced infrastructure to raise the city's status as a preferred destination for major international companies and investments. Ambitious goals The Dubai Economic Agenda 'D33' sets ambitious goals including raising the total value of foreign trade in goods and services from AED14.2 trillion in the past 10 years to AED25.6 trillion in the next decade. The 'D33' Agenda also aims to raise the contribution of Foreign Direct Investment (FDI) to Dubai's economy from an average of AED32 billion annually in the past decade, to an average of AED60 billion annually in the next decade to reach a total of AED650 billion over the next 10 years. The 'D33' Agenda will see a growth in government expenditures from AED512 billion in the past decade to AED700 billion in the next decade, with increased investment in future growth sectors and further development of traditional trade and economic sectors. One of the pivotal goals of the 'D33' Agenda is to raise the competitiveness of the city's thriving business sector, which will enable the increase of private sector investment from AED790 billion in the past decade to AED1 trillion by 2033. The 'D33' Agenda also aims to increase the value of domestic demand of goods and services from AED2.2 trillion in the past decade to AED3 trillion in the coming decade, in line with Dubai's vision for enhancing its vibrant trading sector and diversified economy. Other objectives of the 'D33' Agenda include generating new economic value from digital transformation, at an average of AED100 billion annually. The digital economy is a major pillar in the Agenda, with Dubai embarking on a new phase in which it seeks to pioneer and sustain the growth of an economy based on knowledge, innovation and future technologies. Major priorities for the next decade The Dubai Economic Agenda 2033 focuses on a set of key priorities...
Mohammed bin Rashid: "2033 will mark 200 years since the foundation of Dubai, the year in which Dubai will be the most important global business centre"
"Dubai will rank as one of the top four global financial centres with an increase in FDI to over AED650 billion over the next decade and an annual AED100 billion contribution from digital transformation"
The new Dubai Economic Agenda includes 100 transformative projects 'D33' aims to double the emirate's foreign trade to AED25.6 trillion and add 400 cities as key trading partners over the next decade
HONG KONG SAR - Media OutReach - 6 January 2023 - His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, today launched the Dubai Economic Agenda 'D33' with the ambitious goals of doubling the size of Dubai's economy over the next decade, and consolidating its position among the top three global cities. HH Sheikh Mohammedbin Rashid said: "In line with our long-standing tradition of launching key new initiatives on 4 January, 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". HH Sheikh Mohammed added: "The Dubai Economic Agenda 'D33' includes 100 transformative projects, with economic targets of AED32 trillion 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". HH Sheikh Mohammed further said: "Dubai will rank as one of the top four global financial centres with an increase in FDI to over AED650 billion over the next decade and an annual AED100 billion contribution from digital transformation. Over 300,000 global investors in Dubai today are helping build Dubai into the fastest growing global city". Sheikh Mohammed added: "2033 will mark 200 years since the foundation of Dubai: the year in which Dubai will be the most important global business centre, and by then we would have completed the D33 Agenda. We know our economic path over the next decade. The world makes way for those who know what they want." The launch of the 'D33' Agenda formed part of HH Sheikh Mohammed's annual address on the anniversary of his Accession Day on 4 January. An ideal environment for investment The 'D33' Agenda includes the launch of innovative projects that will help achieve HH Sheikh Mohammed's vision to make Dubai the world's best city to live and work in. The value of the total targets set by the Dubai Economic Agenda 'D33' is AED32 trillion by 2033. The Agenda will drive sustainable economic growth through innovative approaches. The Dubai Economic Agenda 'D33' aims to accelerate growth by investing in human development, skillsets and advanced technology and consolidating Dubai's global competitiveness, innovation and knowledge-based economy. The Agenda will invest in enhancing the advantages gained from Dubai's strategic location and its advanced infrastructure to raise the city's status as a preferred destination for major international companies and investments. Ambitious goals The Dubai Economic Agenda 'D33' sets ambitious goals including raising the total value of foreign trade in goods and services from AED14.2 trillion in the past 10 years to AED25.6 trillion in the next decade. The 'D33' Agenda also aims to raise the contribution of Foreign Direct Investment (FDI) to Dubai's economy from an average of AED32 billion annually in the past decade, to an average of AED60 billion annually in the next decade to reach a total of AED650 billion over the next 10 years. The 'D33' Agenda will see a growth in government expenditures from AED512 billion in the past decade to AED700 billion in the next decade, with increased investment in future growth sectors and further development of traditional trade and economic sectors. One of the pivotal goals of the 'D33' Agenda is to raise the competitiveness of the city's thriving business sector, which will enable the increase of private sector investment from AED790 billion in the past decade to AED1 trillion by 2033. The 'D33' Agenda also aims to increase the value of domestic demand of goods and services from AED2.2 trillion in the past decade to AED3 trillion in the coming decade, in line with Dubai's vision for enhancing its vibrant trading sector and diversified economy. Other objectives of the 'D33' Agenda include generating new economic value from digital transformation, at an average of AED100 billion annually. The digital economy is a major pillar in the Agenda, with Dubai embarking on a new phase in which it seeks to pioneer and sustain the growth of an economy based on knowledge, innovation and future technologies. Major priorities for the next decade The Dubai Economic Agenda 2033 focuses on a set of key priorities...