The Business Sector is Optimistic About the Positive Effects of the Dubai Agenda D33

January 06, 2023 | By Al Khaleej

The business sector welcomed the vision of the “D33” agenda, which aims to make Dubai one of the 3 most important cities in the world. A number of executives said that the business sector is looking forward to playing a role in promoting Dubai’s economic agenda and consolidating its position, which reflects the vision and directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, may God protect him.

This week, Dubai launched an economic plan worth 32 trillion dirhams through 100 future transformational projects. The plan for the next decade includes increasing foreign direct investment to 650 billion dirhams in the next decade until 2033. It also includes increasing foreign trade to 25.6 trillion dirhams for goods and services, up from 14.2 trillion dirhams in the last decade. Dubai aims to consolidate its position among the three best economic cities in the world and to be among the four most important global financial centers.

Promising Economic Target

Kerry Adler, founder, president and CEO of Sky Power Global, said: “The announcement of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, may God bless him, to launch the Dubai Economic Agenda D33, with an economic goal of $32 trillion. A dirham over the next ten years reflects the insightful vision of the United Arab Emirates, which is supported by promising future policies.

He added, “Dubai Economic Agenda D33 aims to accelerate growth by investing in human development, skills and advanced technology, enhancing Dubai’s global competitiveness, innovation and a knowledge-based economy, which enables the country’s economic growth, and provides basic sustainable practices to support future growth.”

Milestones are Enormous

JS Anand, Founder and CEO, Leva Hotels, said: “In just a few decades, Dubai has achieved enormous economic milestones that very few other cities have been able to match. From being a global trading hub to today being the most preferred investment destination, Dubai has surprised the world time and time again through its achievements. The D33 Economic Agenda is another positive initiative taken with the aim of strengthening and supporting various sectors of the economy, setting economic standards that will attract investments and drive economic well-being that will help the country document another milestone by becoming one of the top four financial centers in the world. The hospitality and tourism sector will certainly benefit through this initiative as it will enhance traffic as well as financial investments into the sector, leading to international partnerships and mergers, and attracting foreign investment.”

New Standards

Emmanuel de Smedt, General Manager of Al Mukarram Industries, said: “Dubai, with its recent announcement of the D33 Economic Business Agenda, has set new standards for the future. The emirate’s aim to open its doors to new international markets to double its current economic position over the next decade will provide amazing opportunities in all sectors within the region. The construction sector in particular can expect a huge boom given the potential opportunities from the upcoming population growth, which will lead to an increase in the demand for construction projects in the region.”

Promising Sign

Soham Chokshi, CEO and co-founder of Shipsy, said: “The economic plan outlined by His Highness Sheikh Mohammed bin Rashid Al Maktoum is a promising sign of what will happen in the future. As an exemplary well-established business hub, Dubai is an economic powerhouse with huge demand, further fueled by grit, strong infrastructure and technological innovation. It is clearly consolidating and continuing its rise as a vibrant global trading hub despite the adversities.” He added, “D33 Agenda looks beyond that through its transformative projects that adopt a holistic approach important to economic growth. It entails building a solid foundation for all vital areas such as employment, environment, higher education, small and medium enterprises, international trade facilitation, and much more. We are excited to see how logistics management technologies can contribute to achieving some of these goals.”




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