Dubai Plans to Double its Economy Under Whopping $8.7 Trillion Plan

Dubai has officially unveiled its incredible economic plan under which it intends to double the size of its economy by 2033 with total investments of AED 32 trillion ($8.7 trillion). Marking his 17th anniversary as Dubai’s Ruler, Vice President, and Prime Minister (PM) of the United Arab Emirates (UAE), Sheikh Mohammed bin Rashid Al-Maktoum, announced the massive Dubai Economic Agenda called D33 in a series of tweets. Under the agenda, Sheikh Mohammed stated that Dubai’s economy will be doubled over the next ten years, making it one of the top three global metropolitans. In his extensive Twitter post, he also revealed that the main targets will be attained via 100 transformative initiatives. In addition, he noted that digital evolution will also bring AED 100 billion into Dubai’s economy each year and remarked that Dubai has over 300,000 investors who are invited to join Dubai’s journey to becoming one of the “fastest-growing cities in the world.” Speaking further about the plan, Sheikh Mohammed maintained that Dubai is all set to position itself as the leading global economic hub because the world gives way to those who have a roadmap. The new economic agenda includes the following transformational projects in the first phase: