Dubai announced Wednesday a bold plan aiming to boost foreign trade and investment in the United Arab Emirates' financial hub and 'double the size' of its economy by 2033.
Sheikh Mohammed bin Rashid Al-Maktoum unveiled in a series of tweets the Dubai Economic Agenda, dubbed"D33," with targets totaling 32 trillion dirhams . Karim Sahib/ AFP/ File photo
The Gulf emirate's ruler, Sheikh Mohammed bin Rashid Al-Maktoum, unveiled in a series of tweets the Dubai Economic Agenda, dubbed "D33," with targets totaling 32 trillion dirhams . The objectives would be achieved through "100 transformative projects," he said in Twitter posts using infographics. It would also see foreign direct investment in Dubai exceed 650 billion dirhams within 10 years, according to Sheikh Mohammed.On Monday, the head of the International Monetary Fund warned a third of the world's economy would slip into recession in 2023 amid slowing growth in the United States, the European Union and China.
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