Wednesday, May 29, 2024

Sheikh Hamdan Approves Strategic Incentives to Boost Dubai’s Economy

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.

Related Articles

Latest Articles