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Home » Dubai approves 5 major plans for a cashless city with suspended transport, envisions the future of the next 10 years
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Dubai approves 5 major plans for a cashless city with suspended transport, envisions the future of the next 10 years

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Last updated: 2024/10/01 at 9:18 PM
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Dubai, known for its constant evolution, has recently approved five major plans to elevate the emirate as a global hub for education, investment, and living. These strategies, approved by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Chairman of The Executive Council of Dubai, directly support the Dubai Plan 2033 and Dubai Social Agenda 33. The goals include a cashless strategy, suspended transport systems, student-centric education, an integrated real estate strategy, and the Dubai National Archives Project.

The Dubai Cashless Strategy aims to position Dubai as one of the top five cashless cities globally by 2033, contributing Dh8 billion to the economy. It focuses on increasing digital transactions and ensuring all businesses in Dubai accept digital payments. The suspended transport system, a 65km network, aims to automate 25 per cent of all trips by 2030 and integrate with other public transport systems for ease of access. The system will feature sky pods attached to elevated beams, providing passengers with a scenic journey across the city.

The Education Strategy 2033 focuses on a ‘student-centric’ approach, aiming to make UAE students among the most competitive globally. The strategy involves diverse pathways for students and internationally accredited vocational institutions to build human capital in line with national priorities. The real estate strategy aims to raise the value of Dubai’s real estate transactions to Dh1 trillion by 2033, including increasing real estate portfolio value, contributing to the emirate’s GDP, and raising home ownership rates to 33 per cent.

The Dubai National Archives Project, overseen by the Mohammed bin Rashid Library, documents the success stories of the emirate to preserve government records, achievements, and cultural heritage for future generations. As Dubai looks to the future, it draws on lessons from the past to ensure the emirate’s story is passed down through generations. These strategies align with Dubai’s vision for growth and development, leveraging technology and innovation to enhance various sectors.

In conclusion, the approval of these major plans reflects Dubai’s commitment to continuous improvement and innovation in various sectors to enhance the quality of life for residents and visitors. By focusing on education, investment, real estate, transport, and heritage preservation, Dubai aims to solidify its position as a global hub and provide a conducive environment for growth and prosperity. The implementation of these strategies is expected to have a significant impact on Dubai’s economy, infrastructure, and overall development in the coming years.

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News Room October 1, 2024
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