The new district is dedicated to driving Dubai as a new global economic capital in the next 20 years
15 January 2020| Last updated on 15 January 2020
The announcement came from Sheikh Mohammed Bin Rashid's official Twitter after the second Dubai Council session
The new Dubai Future District, announced by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai on Tuesday, January 15, is a new project that will help propel Dubai's economy in the next two decades.
Following the success of precious commercial hubs such as Dubai Media City, Dubai International Financial District, the Jebel Ali Port and Free Zone, and more, the new district's infrastructure and future activities will be dedicated to establishing and elevating Dubai's position as a global economic capital.
Sheikh Mohammed said on Twitter, "Today, at the second Dubai Council session, we launched the Dubai Future District, a new space dedicated to the development of the future economy, as well as a Dh1 billion fund to support new economy companies who can power Dubai’s future growth."
He added in another tweet that the "Dubai Future District will connect DIFC, Emirates Towers & Dubai World Trade Centre, making it the Middle East’s biggest future economy-focused district. It will include a future economy research centre, incubators &accelerators and an innovative space for future economy pioneers."