Dubai’s economy is gaining momentum, backed by the endorsement of Crown Prince Sheikh Hamdan. Ambitious plans are underway, including doubling the agricultural sector by 2033 and transforming Dubai into a global AgriTech hub. The city is also taking a strong stance against single-use plastics. The overarching goal is to attract investors, foster innovation, and enhance food security.
Furthermore, the industrial sector is on an upward trajectory, due to a strategic plan spanning from 2024 to 2033. The economic performance is impressive, with a 3.2% growth in the first half of 2023 and a robust 4.4% expansion in 2022. The future forecast is optimistic, projecting a healthy 3.5% growth in 2023.
The government is actively supporting local businesses and championing sustainability by phasing out single-use plastics. These initiatives align with global goals and reflect a concerted effort to achieve both economic prosperity and environmental responsibility.
