Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, who is the Crown Prince of Dubai, has recently acknowledged Dubai’s role in contributing to Global development. He has confirmed that Dubai has been successful in curating world-class infrastructure that helps to design and create the future. According to him, the Emirates is one of the most future-ready cities in the entire world.
Dubai has laid down an exhaustive blueprint for the future. This blueprint would necessitate Dubai to undertake some important measures to support the long-term success and growth of the country as a whole.
The Crown Prince applauds Dubai Government’s efforts to build a stronger future
Over the years, Dubai’s economy has doubled and paved the way to participate in strategic development activities.
Dubai’s model of development has inspired the world at large. It has prepared itself for the future by promoting all its institutions to explore future opportunities and unravel the changing trends within its domain.
In the capacity of the Chairman of the Dubai Future Foundation, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, has always focused on the incorporation of advanced technologies in order to improve the standard of living of the citizens, visitors, and travellers. The Government of Dubai is committed to building its future in association with the public and private players of the country.
Dubai has constantly focused on elevating its global position in the future. It has rather enforced every measure that institutionalizes the far-sighted vision of the Crown Prince. The Government of Dubai aims to invest in the new opportunities of the future and adopt a culture of strategic foresight.
While attending the meeting of the Board of Trustees of the Dubai Future Foundation, the Crown Prince reiterated the unique roadmap of success that the administration has planned so far.
The Government is planning to partner with global institutions to launch disruptive business programs that help to curate innovative business plans for the economy. These measures are likely to attract foreign capital to Dubai which will ultimately boost the gross domestic product of the country.
The Dubai Future Foundation is a pivotal institution that would play an important role in channelizing the course of development in the future. The institution is guided by the vision of the Crown Prince and other significant dignitaries in Dubai.
This institution has already undertaken various projects in the past in order to prove its competence to steer growth in Dubai. the organization governs every industry in Dubai and encourages them to participate in futuristic trends.
It helps industries to adapt to the latest technologies and launch the programs which may the potential to change the lifestyle of the people in the country. This institution has been collaborating with domestic and global partners in order to fulfill this objective.
The Crown Prince attended this meeting in order to inaugurate the Dubai Future Forum. This forum is likely to assist in the integration of technical solutions to the conventional challenges of the country. This platform will assist the public and private sectors to migrate towards smart technology that ultimately helps to improve the deliverables in the long run.
Reiterating the commitment of the Dubai Future Foundation to revolutionize the world, His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum also disclosed the major events that would be organized by the institution in the coming days.
According to the sources, the forum would be organizing around 1000 events and gatherings which would attract more than 73,000 participants from different parts of the world. All of these efforts will help to establish Dubai as the largest venue for hosting the gathering of futurists.
The Government of Dubai is planning to invest Dh 1 billion in the Dubai Future District Fund. This is an investment fund that has been launched to support entrepreneurs and startups.
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The total valuation of the fund has already crossed the mark of USD 1.7 billion. It is likely to quadruple itself by the end of 2025. The fund would also be utilized to support institutional and infrastructural growth in Dubai.
According to the latest amendment, the funds from this collection will be diverted to develop the Emirates Tower, the World Trade Center of Dubai, and the Dubai International Financial Center. The Government also plans to collaborate with multi-national corporations in order to increase the capital investment in these activities.
In an attempt to unlock future-based opportunities, His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum has also launched major initiatives such as the Dubai Research and Development Programme, the Dubai Robotics and Automation Programme, and Dubai Drone Transportation Programmes. Therefore, the Government is leaving no stone unturned to prepare for the future by taking the first mover advantage.