The UAE’s Executive Council recently approved the Foreign Direct Investment Development Programme, which aims to attract Dh650 billion of investments to Dubai by 2033. The initiative involves allocating Dh25 billion over 10 years to directly support the city’s plans, with the goal of positioning Dubai among the world’s top three economies by 2033. This ambitious project aligns with the vision of Sheikh Mohammed bin Rashid Al Maktoum and Sheikh Hamdan bin Mohammed Al Maktoum, showcasing a commitment to driving economic growth and development in the region.
Aside from the foreign direct investment plan, the council also approved the Dubai Economic Model to monitor Dubai’s progress towards its economic targets using a comprehensive database with over 3,000 indicators. This system aims to enhance consumer and investor confidence by providing transparent insights into the city’s economic performance. Additionally, a framework plan for the areas surrounding Metro stations was approved to promote sustainability and a high quality of life in Dubai. This initiative will incentivize developers, offer services to support the ’20-minute city’ concept, and increase the number of commuters using public transportation, contributing to a more efficient and environmentally friendly urban environment.
In support of UAE nationals, the council approved the ‘Manbar’ programme with the goal of doubling the number of Emiratis working in mosques. This initiative seeks to equip individuals with the necessary skills and qualifications to lead prayers, deliver sermons, and perform essential religious functions. In addition, the council launched the ‘Ghras Al Khair’ programme to empower Emirati content creators and promote values of tolerance and national identity. Schools and universities will offer programmes and awareness campaigns to support this initiative, aiming to foster a sense of unity and cultural pride among Emirati youth.
To keep updated with the latest news and developments in the UAE, individuals can follow KT on WhatsApp Channels for timely and relevant information. This platform offers a convenient way to stay informed about key announcements, initiatives, and events happening within the country. By staying connected through this channel, residents and stakeholders can access valuable insights and updates on various topics, including economic development, investment opportunities, and social initiatives that impact the community.
Overall, the approval of the Foreign Direct Investment Development Programme and other strategic initiatives by the UAE’s Executive Council demonstrates a strong commitment to driving economic growth, promoting sustainability, and empowering Emirati youth. These initiatives reflect a comprehensive approach to enhancing Dubai’s economic competitiveness, fostering social cohesion, and supporting the aspirations of the local population. By leveraging foreign investment, promoting local talent, and advancing key sectors such as technology and innovation, the UAE aims to position itself as a global leader in economic development and sustainable growth.
