Dubai Future District, a new district dedicated to the new economy, is taking shape, connecting Dubai World Trade Centre, home to the city’s main convention and exhibition center, with key financial and business zones Emirates Towers and Dubai International Financial Centre.
Among the initiatives that will come under the umbrella of the Dubai Future District will be one aimed at hosting the largest and most important international events and conferences seeking to provide global platforms for future economy leaders to communicate through, explore growth prospects and present their projects to a larger audience.
A $1 billion fund has also been launched to support new economy companies that have the potential and foresight to drive Dubai’s new economy and will operate out of the Dubai Future District.
This opportunity is aimed at companies that can contribute to enhancing the emirate’s position as a preferred destination for global talent and entrepreneurs. The fund will also focus on rolling out initiatives and projects aimed at turning Dubai into a nexus for business and an integrated investment environment that offers exceptional facilities to companies.
The new district, along with the new fund, will provide unprecedented financing and legislative facilities and options for businesses.
Dubai has set a foreign trade target of $2 trillion by 2025, which will be supported by establishing 50 offices around the world, each tasked with promoting Dubai’s unrivaled trade, tourism and investment offerings through and intensifying and unifying of external marketing efforts.
“Dubai will become the world’s capital of the new economy,” says Sheikh Mohammed bin Rashid Al Maktoum, prime minister of the UAE. “The new economy will be a major focus on the 50 goals agenda that we seek to achieve in the next five years. The Dubai Council will focus on opening new economic sectors for the emirate and transform its existing sectors.”
He adds: “The new Dubai offices for trade and tourism promotion will be based around the world, and the unification of external efforts will carry better results for the Dubai economy. I asked that messages be sent to all directors of public departments and public figures in the emirate to submit development proposals to me directly to achieve positive transformations in our path.”
The Dubai Future District initiative acts as an umbrella to many joint projects announced by Al Maktoum, and in which he pledged to continue working on developing the emirate by welcoming national and international talents, building new partnerships that create job opportunities and provide financing to entrepreneurs and startups, and adopting initiatives that facilitate the establishment of new companies and the launch of innovative ideas to design the economy of the future.
Ten initiatives will be launched in the coming period to support the economy of the future by providing an attractive investment, technological, legislative, service and enabling environment that is the best of its kind in the region and globally.
Dubai Business Events (DBE) sets out to build awareness of Dubai as a host for world-class business and leisure events. It complements the festivals division by attracting high-profile events from around the world and also seeks to promote Dubai as a premiere cruise destination. For more info, visit www.visitdubai.com