Vice President, Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum today announced during the second Dubai Council’s meeting, that a new district under the name of ‘Dubai Future District’ dedicated to the new economy will take shape in Dubai.
The Dubai Future District will see Dubai World Trade Centre, DWTC, Emirates Towers and Dubai International Financial Centre, DIFC, directly connected via a bridge, making it the Middle East’s largest district dedicated to developing the new economy.
His Highness also announced the launch of an AED1 billion fund to support new economy companies who will operate out of Dubai Future District, and who have the potential and foresight to drive Dubai’s new economy and contribute to enhancing the emirate’s position as a preferred destination for global talents and entrepreneurs, through many initiatives and projects aimed at turning Dubai into a nexus for business and an integrated investment environment that offers exceptional facilities.
The new district, along with the new fund, will provide unprecedented financing and legislative facilities and options for businesses.
The Dubai Future District initiative acts as an umbrella to many joint projects that will be launched in line with the 4th of January 2020 Document that was announced by His Highness Sheikh Mohammed bin Rashid Al Maktoum, and in which he pledged to continue working on developing the emirate by welcoming national and international talents, building new partnerships that create job opportunities and provide financing to entrepreneurs and startups, and adopting initiatives that facilitate the establishment of new companies and the launch of innovative ideas to design the economy of the future.
Ten initiatives will be launched in the coming period to support the economy of the future by providing an attractive investment, technological, legislative, service and enabling environment that is the best of its kind in the region and globally.
The Dubai Future District project includes three prominent areas in Dubai: Dubai World Trade Centre, Emirates Towers, and Dubai International Financial Centre, all of which have contributed since their establishment to achieving great successes in the economy of Dubai and the UAE. These areas will be connected through a bridge inspired by the Museum of the Future.
News and image source: mediaoffice.ae
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