Dubai approves AED 650 billion FDI development programme

Dubai Executive Council has approved the Foreign Direct Investment Development Programme, which aims to attract AED 650 billion of investments to Dubai by 2033 through earmarking AED 25 billion over 10 years in support of Dubai’s plans.

Posting on social media platform X, Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, UAE Deputy Prime Minister, and Minister of Finance, said the council also approved the Dubai Economic Model to measure Dubai’s development against its economic targets through an economic database that includes more than 3,000 indicators to enhance consumer and investor confidence.

Additionally, the Council approved the framework plan for the areas surrounding Metro stations to promote sustainability and quality of life in Dubai and the 'Manbar' programme to double the number of UAE nationals working in mosques and equip them with the necessary skills and qualifications.

Sheikh Maktoum said they also launched the 'Ghras Al Khair' programme to empower Emirati content creators and promote values of tolerance and national identity.

Under the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum and the guidance of Sheikh Hamdan bin Mohammed Al Maktoum, the Executive Council has approved the Foreign Direct Investment Development Programme, which aims to attract AED650 billion of investments to Dubai… pic.twitter.com/RmTl7gMNSR

— Maktoum Bin Mohammed (@MaktoumMohammed) June 30, 2024