Dubai Future District: New District Is Dedicated to Dubai's Future Economy

The new district is dedicated to driving Dubai as a new global economic capital in the next 20 years

Posted on

15 January 2020

| Last updated on 15 January 2020

Sheikh Mohammed Launches Dubai Future District

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."

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 AED1 billion fund to support new economy companies who can power Dubai’s future growth. pic.twitter.com/ch2EgHbjQT

— HH Sheikh Mohammed (@HHShkMohd) January 14, 2020

The second Dubai Council meeting also covered new directions in boosting Dubai's volume of non-oil foreign trade up to AED 2 trillion by the year 2025.

"To achieve this, we have assembled a team to set-up a new logistical & legislative framework to open new markets, as we prepare to become the capital of the new economy."

Dubai will soon open 50 offices across five continents to drive all sectors of its economy, promoting the emirate's tourism, cultural and creative exports, human resources, vast investment opportunities, and other commodities.

Sheikh Mohammed said that he will strive to make 2020 "a year of significant change & real transformation on our journey over the next decade."

We also gave direction to enhance Dubai's international presence, through establishing 50 offices across 5 continents to promote Dubai's commercial, tourist & investment opportunities, while boosting our commodities, cultural & creative exports & our human talent. pic.twitter.com/1tQx3lvNmh

— HH Sheikh Mohammed (@HHShkMohd) January 14, 2020

Sheikh Mohammed concluded his Twitter updates with a final message "to the strong-willed among us": Prepare yourself for a new era full of possibility.

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