It has just been announced that Shaikh Hamdan Bin Mohammad Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, had issued directives on Monday to boost efforts in order to fasten the implementation of the Dubai Industrial strategy 2030.
This Strategy will focus on uplifting Dubai into a global platform for knowledge based innovation focused economies. This means that the emirate’s gross domestic product is expected to increase by Dh165 billion in 2030.
In addition, the strategy is projected to led to an increment of the GDP in the industrial sector by Dh18 million. It will also lead to a creation of 27,000 specialised jobs as well the research and development expenditure (which would be around Dh700 million). Exports is also projected to increase by Dh16 billion.
The Dubai Government gave a statement that Shaikh Hamdan also directed all the teams involved in the implementation of the strategy beginning 2017 to join hands in driving the implementation.
“Strengthening creativity and innovation in various industrial areas is one of the key elements of the Dubai Industrial Strategy, which is in line with our quest to consolidate the foundations of a sustainable dynamic economy based on research, knowledge, and development. This can help achieve the goal of making Dubai a unique investment destination, especially as we already have the basic drivers and capabilities needed to achieve such a goal, including efficient and reliable infrastructure and legislative frameworks, which are continuously subject to improvement and development,” Shaikh Hamdan said in a statement.