New 2030 Plan To Inject $44bn Into Dubaian Economy

In an effort to generate an extra $44 billion, Dubai Industrial Strategy will oversee 75 initiative. This has been approved by the vice president (Sheikh Mohammed bin Rashid Al-Maktoum) and the Prime minister.

The strategy to be used is based on five objectives:

  • Promoting energy-efficient manufacturing
  • Increasing output
  • Establishing a city hub
  • Improving innovation
  • Making Dubai a first choice in manufacturing platform for international firms

These strategies identified six sectors;

  • Pharmaceuticals
  • Food and beverages
  • Maritime
  • Machinery and equipment
  • Aerospace
  • Aluminium and fabricated metals

Dubai plans on taking one step towards the future and have laid a powerful foundation. This is just the framework in place to compete with globally, developed nations and talents.

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