Dubai Aims for Top 4 Global Financial Hub, Economy to USD 8.71 Trillion by 2033
Dubai has ambitious plans for its economic future. The city aims to become one of the top four global financial centers and double its economy to AED 32 trillion (USD 8.71 trillion) by 2033, as outlined in the Dubai Economic Agenda (D33) approved by Mohammed bin Rashid Al Maktoum on January 4, 2023. The Dubai Business Forum, set for November 1-2, 2023, at the Madinat Jumeirah, will discuss strategies to achieve these goals.
The forum, themed 'Shifting Economic Power: Dubai and the Future of Global Trade', will focus on four key pillars. These include globalization, foreign direct investment (FDI), digital transformation, and emerging markets. Dubai plans to double FDI to AED 650 billion (USD 176.9 billion) and foreign trade to AED 25.6 trillion (USD 6.97 trillion) by 2033. To fuel this growth, the Dubai government has committed an annual contribution of AED 100 billion (USD 27.23 billion) towards digital transformation projects.
The Dubai Business Forum will bring together prominent speakers from both the private and public sectors to debate these strategies. While no specific celebrity attendees were mentioned, the event is expected to attract high-profile figures in business and economics.
Dubai's economic vision, as laid out in D33, is bold and far-reaching. With a focus on digital transformation, FDI, and global trade, the city aims to secure its place among the world's top financial centers. The upcoming Dubai Business Forum will be a crucial platform for discussing and advancing these plans.
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