Dubai Economic Agenda (D33) Strategic Plan

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Questions and Answers

The Dubai Economic Agenda, D33, aims to achieve which primary long-term goal by 2033?

  • Become the world's largest agricultural exporter
  • Increase oil production by 50%
  • Reduce reliance on foreign labor by 75%
  • Double Dubai's economy and rank it among the top three global cities (correct)

The D33 agenda focuses exclusively on traditional sectors like trade and logistics, neglecting innovation and digital connectivity.

False (B)

What is the total economic target, in AED, that Dubai aims to achieve by 2033 under the D33 agenda?

32 trillion

Under the D33 agenda, Dubai aims to secure AED ______ billion in Foreign Direct Investment (FDI).

<p>650</p> Signup and view all the answers

Match the following D33 initiatives with their primary objectives:

<p>Dubai Economic Corridors 2033 = Expanding trade networks to 400 new cities Dubai Traders Project (DT33) = Empowering new traders with resources and tools Sandbox Dubai = Platform for businesses to test and implement new innovations Global Education Hub = Attracting global universities</p> Signup and view all the answers

Which of the following best describes how the D33 agenda aims to boost economic productivity?

<p>By innovation and digital solutions, such as automation, AI and blockchain, with the objective of boosting economic productivity by 50% (B)</p> Signup and view all the answers

The D33 agenda prioritizes foreign trade and investment growth while disregarding the importance of domestic demand.

<p>False (B)</p> Signup and view all the answers

Name two specific targets related to Dubai's global ranking that the D33 agenda aims to achieve by 2033.

<p>Top 5 logistics hubs and Top 4 financial centers</p> Signup and view all the answers

The D33 agenda aims to integrate ______ Emiratis into the workforce.

<p>65,000</p> Signup and view all the answers

Which element of Dubai's appeal does the D33 agenda emphasize strengthening to enhance its attractiveness for tourism and business?

<p>Quality of life improvements focusing on tolerance and safety. (A)</p> Signup and view all the answers

The D33 agenda allocates the majority of its budget to reducing public debt rather than investing in private sector growth.

<p>False (B)</p> Signup and view all the answers

Besides doubling GDP and becoming one of the top three global cities, what is the third key goal for Dubai by 2033, as outlined in the D33 agenda?

<p>Fastest, safest, and most connected city worldwide</p> Signup and view all the answers

Under the D33 agenda, Dubai aims to support 400 high-potential ______ with resources and global expansion opportunities.

<p>SMEs</p> Signup and view all the answers

Match the following economic targets of the D33 agenda with their corresponding amounts in AED (trillion):

<p>Foreign Trade = 25.6 Private Sector Investments = 1 Digital Economy (annually) = 0.1 (100 billion) Domestic Demand = 3</p> Signup and view all the answers

Which initiative aims to support companies in emerging sectors to achieve a valuation of over $1 billion?

<p>Unicorn Companies (A)</p> Signup and view all the answers

Flashcards

Dubai Economic Agenda D33

A 10-year strategic plan to double Dubai's economy and rank Dubai among the top three global cities by 2033.

D33 Total Economic Target

Achieve a total economic value of AED 32 trillion for Dubai.

D33 Foreign Trade Target

Increase foreign trade to AED 25.6 trillion by expanding trade routes and global corridors.

D33 Private Sector Investment Goal

Attract AED 1 trillion in private sector investments through local-global partnerships.

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D33 FDI Target

Drive AED 650 billion in Foreign Direct Investment by creating a competitive business environment.

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D33 Digital Economy Target

Generate AED 100 billion annually from the digital economy, focusing on e-commerce, fintech, and AI.

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D33 Domestic Demand Target

Stimulate AED 3 trillion in domestic demand to ensure local economic robustness.

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Boosting Economic Productivity in D33

Increase economic productivity by 50% through innovation and digital solutions like automation, AI, and blockchain.

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SME Empowerment in D33

Support SMEs and foster "unicorn" companies to enhance global competitiveness.

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Economic Diversification and Resilience (D33)

Diversifying the economy to reduce reliance on specific sectors, enhancing resilience to economic shocks and global changes.

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Digital Transformation and Innovation (D33)

Promoting innovative technologies, advanced research, and entrepreneurship to spur economic growth and competitiveness.

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Global Competitiveness (D33)

Strengthening Dubai's position in global rankings by improving its infrastructure, business environment, and quality of life.

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SME Empowerment and Unicorn Development (D33)

Supporting small and medium-sized enterprises to scale up and achieve 'unicorn' status, creating economic opportunities and jobs.

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Sustainability and Green Industries (D33)

Prioritizing investments in green industries and sustainable practices to ensure long-term economic viability and environmental protection.

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Foreign Trade and Investment Growth (D33)

Facilitating increased trade and attracting foreign investment to drive economic growth and expand Dubai's global reach.

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Study Notes

  • Dubai Economic Agenda (D33) is a 10-year strategic plan.
  • D33 strives to double Dubai's economy by 2033.
  • The goal is to position Dubai as one of the top three global cities.
  • D33 intends to celebrate Dubai’s 200th anniversary with transformative economic goals.
  • It aims to establish Dubai as the fastest, safest, and most connected city globally.
  • D33 focuses on trade, logistics, innovation, digital connectivity, and quality of life.

Key Economic Targets by 2033

  • The total economic target is AED 32 trillion.
  • Foreign trade is projected to reach AED 25.6 trillion through enhanced trade routes.
  • Private sector investments are targeted at AED 1 trillion, encouraging partnerships.
  • Foreign Direct Investment (FDI) is expected to hit AED 650 billion due to a competitive environment.
  • The digital economy should reach AED 100 billion annually, emphasizing e-commerce, fintech, and AI.
  • Domestic demand is expected to reach AED 3 trillion, ensuring local economic robustness.

Strategic Priorities

  • Focus on strengthening Dubai as a global hub for logistics, finance, and tourism.
  • Boost economic productivity by 50% through innovation and digital solutions.
  • Support SMEs and foster "unicorn" companies for global competitiveness.
  • Ensure self-sufficiency in manufacturing and technology to maintain resilience.
  • Promote innovation, technology, research, and entrepreneurship through innovation hubs.
  • Rank among the top 5 logistics hubs and top 4 financial centers globally.
  • Strive to be among the top 3 global destinations for tourism and business.
  • Improve quality of life and the business environment.

Initial Projects Launched under D33

  • Dubai Economic Corridors 2033 aims to expand trade networks to 400 new cities.
  • Dubai Traders Project (DT33) is designed to empower new traders with resources.
  • Sandbox Dubai is a platform for businesses to test new innovations.
  • The plan is to develop a global education hub by attracting global universities.
  • Aims to support 30 companies to achieve unicorn status.
  • Intends to incorporate 65,000 Emiratis into the workforce.
  • Dubai Unified License will simplify business operations for entrepreneurs.

Sustainability and Investment in SMEs

  • Promote green industries and sustainable practices.
  • Develop a skilled workforce to support sustainable growth.
  • Support 400 high-potential SMEs with resources for global expansion.
  • Enhance global appeal through quality tourism and lifestyle improvements.

Budget and Vision for 2033

  • A total budget of AED 32 trillion is allocated for investments.
  • D33 prioritizes private sector growth, trade, FDI, and the digital economy.
  • The goals for 2033 are to double GDP and establish Dubai among the top three global cities.
  • The vision emphasizes long-term resilience, innovation, sustainability, and inclusivity.

Important Concepts in D33 Agenda

  • Economic Diversification and Resilience
  • Digital Transformation and Innovation
  • Global Competitiveness
  • SME Empowerment and Unicorn Development
  • Sustainability and Green Industries
  • Foreign Trade and Investment Growth
  • Enhancement of Quality of Life and Tourism
  • Local Workforce Development and Emiratization

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