Dubai Targets $177 Billion FDI with Major Metro Area Developments

01 Jul, 2024

Dubai Targets $177 Billion FDI with Major Metro Area Developments

Dubai aims to attract AED650 billion ($177 billion) in foreign direct investment (FDI) by 2033, supported by the Dubai Executive Council and the D33 economic agenda. The Foreign Direct Investment Development Program, allocating AED25 billion ($6.8 billion) over the next decade, will emphasize Dubai's strategic location, advanced logistics, and skilled talent to attract international companies and expand existing ones. The Dubai Economic Model, introduced by Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, features over 3,000 performance indicators to monitor and measure economic progress through an integrated framework, interactive dashboards, and policy impact assessments.

Plans to develop areas around Dubai Metro stations aim to enrich economic opportunities, improve public transport interconnection, and enhance sustainable transportation. This development aligns with Dubai’s reputation for leading in urban planning and sustainable mobility. Additionally, initiatives under Social Agenda 33 will focus on empowering individuals, maintaining core values, and promoting national identity to build happy, strong, and proud families. The Dubai Economic Model will be managed by the Department of Economy and Tourism in collaboration with the Dubai Digital Authority, utilizing AI technology for real-time insights and strategic decision-making. Dubai's comprehensive approach to economic development aims to maintain its position as a top global destination for investment and innovation.