Dubai Launches 5 Ambitious Strategies to Boost Economic Growth, Quality of Life by 2033
H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, has unveiled a comprehensive series of strategies aimed at fortifying Dubai's leadership across various sectors over the next decade.
The initiatives were approved during a recent meeting of The Executive Council of Dubai and align with the emirate's overarching vision for sustainable growth.
Among the key strategies introduced are the Education Strategy 2033 and the Real Estate Strategy 2033. The education plan seeks to transform the educational landscape in Dubai, ensuring high-quality education is accessible to all. Meanwhile, the real estate initiative aims to elevate the value of Dubai's real estate transactions to AED 1 trillion by 2033, significantly enhancing the sector’s contribution to the economy.
Sheikh Hamdan emphasized that under the guidance of His Highness Sheikh Mohammed bin Rashid Al Maktoum, the development of Dubai prioritizes the well-being of its people.
“We are committed to making Dubai the world’s leading destination for living, investment, and lifelong learning,”
he stated, underscoring the emirate’s dedication to family values and improving quality of life.
The Education Strategy 2033 is designed to foster lifelong learning, equipping future leaders with the necessary skills rooted in Emirati values.
"This strategy is an investment in Dubai's future, empowering the next generation with essential skills,"
Sheikh Hamdan noted. The plan aims to create a student-centric education system that not only nurtures talent but also emphasizes early career guidance to ensure that UAE students are competitive in securing places at top universities.
Developed through consultations with over 700 stakeholders, the education strategy promises to deliver world-class educational experiences from early childhood to higher education, supported by respected educators and community involvement. The strategy will also offer diverse pathways, including vocational institutions aligned with national priorities.
In conjunction with the education initiative, the Real Estate Strategy 2033 aims to boost the emirate's economic diversification by increasing real estate transactions by 70% and multiplying the value of real estate portfolios to AED 20 billion. This strategy is positioned as a pivotal element of the Dubai Economic Agenda D33, aiming to contribute AED 73 billion to Dubai’s GDP and promote home ownership to enhance family stability.
The approved plans also include initiatives to modernize Dubai's transport infrastructure and promote a cashless economy. The Dubai Cashless Strategy aims to position Dubai among the top five cashless cities globally by 2033, with plans for 100% of businesses to accept digital payments, contributing AED 8 billion to the economy.
Further, the Suspended Transport Systems Project, part of the Smart Mobility Strategy, aims to automate 25% of all trips in Dubai by 2030. This will be achieved through a 65km system connecting major areas, facilitating efficient public transportation.
Lastly, the Dubai National Archives Project, overseen by the Mohammed bin Rashid Library, aims to document and preserve the emirate's rich history and cultural heritage, ensuring future generations can appreciate Dubai's journey and achievements.
These ambitious strategies not only reinforce Dubai's commitment to growth and innovation but also highlight the emirate's vision to remain a leading global hub for education, investment, and quality of life.
News Source: Emirates News Agency