In the 27th meeting of the Dubai Free Zones (DFZ) Council, which was chaired by Sheikh Ahmed Bin Saeed Al Maktoum, the council’s chairman, it was emphasised that Dubai is still developing a dynamic, adaptable, and sustainable economic model under the direction of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, the UAE’s vice president and prime minister as well as the ruler of Dubai.
The model in question has been observed by the Dubai Free Zones Council to augment the function of Dubai’s free zones with respect to economic diversification, opportunity creation, and attracting foreign direct investment. In order to put Dubai among the top three economic cities in the world, the Council noted that it will use the most recent technological developments to multiply the size of the country’s economy over the next ten years.
The Dubai Free Zones Council clarified that one of the strategic objectives of the Dubai Economic Agenda D33 is to double foreign direct investment to Dhs650 billion by 2033.
In order to improve the free zones’ contribution to accomplishing Dubai’s ambitious goals, the council members talked about the Free Zones 2030 model, which is being developed by the Dubai Free Zones Council. This model adds value to Dubai’s socio-economic aspect and encourages foreign businesses and investors to establish and expand operations from Dubai’s free zones.
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