The Emirate of Dubai has launched an ambitious $8.7 tn ‘D33’ economic plan

Dubai has announced a roadmap to double the size of its economy over the next 10 years. The plan includes 32 trillion dirham of new projects, many of which are transformative. The plan aims to make Dubai a global digital economy leader, the fastest-growing and most attractive global business centre, a centre for sustainability and economic diversification, and an incubator and enabler of talented nationals.

The Dubai Development Accelerator (D33) has unveiled the first phase of its plans to become a global innovation centre for green and sustainable industries. The vision is to boost economic growth through the adoption of clean technology, enhance capabilities in key areas such as data, fintech and smart cities, and increase trade growth.

Mohammed bin Rashid Al Maktoum, Ruler of Dubai and UAE Vice President, has announced an ambitious vision for the future.

“2033 will mark 200 years since the foundation of Dubai. We aim to make Dubai a global role model that can help realise people’s dreams and offer them the world’s best standard of living.”

An agreement has already been struck to establish the first biopharma manufacturing facility in the UAE. The deal, between Mubadala Investment Company, an Abu Dhabi sovereign investor and National Resilience, a technology-focused manufacturing company will see the production of a range of therapeutics to treat complex diseases such as cancer, infectious diseases and immune disorders.