Dubai energy storage power station investment 8 7 billion

What is the total value of Dubai's economic plan?

Dubai on Wednesday announced a mammoth $8.7 trillion economic plan for the coming decade, aimed at turbocharging trade, foreign investment and its place on the map as a global hub.

Why is Saudi Arabia investing heavily in Dubai?

Dubai's $8.7 trillion economic plan aims to boost trade and investment. Nearby Saudi Arabia is also investing trillions to attract tourism and foreign investment, which could be seen as competition. Karim Jetha, chief investment officer at Dubai-based Longdean Capital, noted this angle, stating, 'The numbers sound ambitious but Dubai has never been short on ambition.'

Why is Dubai ambitious with its economic plans?

“The numbers sound ambitious but Dubai has never been short on ambition,” said Karim Jetha\, chief investment officer at Dubai-based asset management firm Longdean Capital. Dubai's $8.7 trillion economic plan aims to boost trade and investment, with nearby Saudi Arabia also investing trillions to attract tourism and foreign investment.

What is Dubai economic agenda D33?

Launched by Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, the Dubai Economic Agenda D33 aims to double the size of Dubai’s economy and establish it as one of the top three global cities within the next decade.

What is Dubai's goal for its economy in the next decade?

Dubai aims to double the size of its economy in the next decade and become one of the “top 3 economic cities around the world,” the Sheikh’s tweet read.

Will Dubai be the world's most important business center by 2033?

Sheikh Mohammed envisions Dubai as the most important global business center by 2033, coinciding with the 200 th anniversary of the city’s foundation. The agenda will drive sustainable economic growth through investments in human development, advanced technology, and enhancing Dubai’s global competitiveness.