Wednesday , October 21 2020

Sheikh Mohammed launches Dubai Future District: Dubai aims to be new global economic capital


Like Our Facebook Page For Latest News

Dubai: His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai announced Duabi’s economic aims after the second Dubai Council session held on Tuesday.

In a series of tweets, Sheikh Mohammed said: “Today, at the second Dubai Council session, we launched the Dubai Future District, a new space dedicated to the development of the future economy, as well as a Dh1 billion fund to support new economy companies who can power Dubai’s future growth.”

He added: “Dubai Future District will connect DIFC, Emirates Towers & Dubai World Trade Centre, making it the Middle East’s biggest future economy-focused district. It will include a future economy research centre, incubators &accelerators and an innovative space for future economy pioneers.”

Dubai as a global economic capital

In terms of Dubai’s economic goals, Sheikh Mohammed said on Twitter: “We also outlined directions to raise Dubai’s volume of non-oil foreign trade to Dh2 trillion by 2025. To achieve this, we have assembled a team to set-up a new logistical & legislative framework to open new markets, as we prepare to become the capital of the new economy.”

In addition to boosting non-oil foreign trade, Dubai will open 50 offices across 5 continents to boost all sectors of the economy. The offices would promote Dubai’s tourism and investment opportunities, along with the emirate’s commodities, cultural and creative exports in addition to human resources.

He added that 2020 would be a “a year of significant change & real transformation on our journey over the next decade.”

Sheikh Mohammed ended the series of tweets with a message: “My message to the strong-willed among us is: prepare yourself for a new era full of possibility.”

Like Our Facebook Page For Latest News

Source by [author_name]

Visit UAE Top Secrets

The post Sheikh Mohammed launches Dubai Future District: Dubai aims to be new global economic capital appeared first on The Wealth Land.

About

Check Also

Azerbaijan and Armenia agree to a pause in fighting – CNN, CNN

Azerbaijan and Armenia agree to a pause in fighting – CNN, CNN

(CNN)Azerbaijan and Armenia agreed to a "humanitarian ceasefire" in the conflict over the contested enclave of Nagorno Karabakh on Saturday -- one week after truce brokered by Russia fell apart, according to a statement from the foreign ministries of both countries.The new agreement -- set to start at midnight local time (4 p.m. ET Saturday)…

Leave a Reply

Your email address will not be published. Required fields are marked *