Dubai Future District, Dh1B fund to spur new economy growth
dubai — A magnificent new neighbourhood under the name of ‘Dubai Future District’ dedicated to the new economy will take shape in Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, announced on Tuesday while envisioning an ambitious foreign trade target of Dh2 trillion by 2025 for the emirate.
The Vice-President also announced the launch of a Dh1 billion fund to support the new economy companies that will operate out of Dubai Future District.
The Middle East’s largest future district dedicated to developing
The Dubai Council’s work will dramatically increase in the coming months. 2020 will be a year of significant change & real transformation on our journey over the next decade. My message to the strong-willed among us is: prepare yourself for a new era full of possibility HH Sheikh Mohammed bin Rashid Al Maktoum
the new economy will see Dubai World Trade Centre, Emirates Towers and Dubai International Financial Centre, directly connected via a bridge, Sheikh
Mohammed said at the second Dubai Council’s meeting.
The new economy companies operating out of Dubai Future District will have the potential and foresight to drive Dubai’s new economy and contribute to enhancing the emirate’s position as a preferred destination for global talents and entrepreneurs. This will require many initiatives and projects aimed at turning Dubai into a nexus for business and an integrated investment environment that offers exceptional facilities, Sheikh Mohammed said.
The new district, along with the new fund, will provide unprecedented financing and legislative facilities and options for businesses, Wam reported.
DWTC, EMIRATES TOWERS AND DIFC WILL BE CONNECTED VIA A BRIDGE TO MAKE THE DUBAI FUTURE DISTRICT
50 OFFICES TO BE SET UP ACROSS 5 CONTINENTS TO PROMOTE DUBAI AS A DESTINATION FOR BUSINESS AND TOURISM
dubai — Dubai on Tuesday unveiled a blueprint to achieve an ambitious foreign trade target of Dh2 trillion by 2025 as it announced a new neighbourhood dedicated to the new economy under the name of ‘Dubai Future District’.
Declaring the beginning of a huge developmental leap for Dubai in 2020, His Highness Sheikh Mohammed bin Rashid Al Maktoum, VicePresident and Prime Minister of the UAE and Ruler of Dubai, also launched a Dh1 billion fund to support the new economy companies that will operate out of new district.
The new economy companies operating out of Dubai Future District — connecting Dubai World Trade Centre, Emirates Towers and Dubai International Financial Centre, via a bridge inspired by the Museum of the Future — will have the potential and foresight to drive Dubai’s new economy and contribute to enhancing the emirate’s position as a preferred destination for global talents and entrepreneurs.
Dubai will become the world’s capital of the new economy. The new economy will be a major focus on the 50 goals agenda that we seek to achieve in the next five years 2020 will be the beginning of a huge developmental leap, and it is the year that will drive us to the next decade with full force Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai