Tuesday, July 16, 2024
Today’s News

A New FDI Initiative Aims to Bring in Dhs 650 Billion

A number of new projects and programmes have been approved by Dubai’s Executive Council in an effort to further the city’s ambitious economic goals and position it among the top three urban economies in the world by 2033.

“Dubai, under the vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and Ruler of Dubai, has designed a well-planned and agile economic model, positioning it as a top global destination for investment,” stated Sheikh Maktoum Bin Mohammed Bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE, and Deputy Chairman of The Executive Council of Dubai, presiding over the Council meeting.

In direct support of the D33 economic agenda’s goals, Sheikh Maktoum unveiled the Foreign Direct Investment Development Programme, allocating Dhs25 billion over ten years to assist in luring Dhs650 billion in investments to Dubai.

“Dubai has created an integrated, distinctive, and inspiring economic model, with cutting-edge enablers and tools to improve decision-making, generate a wide range of promising opportunities, and draw top talent and international investment,” he stated. Additionally, he unveiled the Dubai Economic Model, which will closely monitor Dubai’s progress about its economic goals using 3,000 performance indicators.

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Tuesday, July 16, 2024

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