The Executive Council of Dubai has approved a slew of projects in line with the Dubai Economic Agenda 2033 (D33) and the Dubai Urban Plan 2040.
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, revealed that an AED 80 billion ($22 billion) sewage system has been greenlit for the Emirate, with private sector partnership, to equip the city with future-ready infrastructure. The newly endorsed system is said to be the most advanced and sustainable globally.
“The new system will reduce carbon emissions from the sector by 25% and will enhance the pillars of the circular economy. It will support Dubai’s ranking in global development and competitiveness indicators related to quality of life… The private sector has always worked with us to enhance our readiness for the future in various sectors,” the Crown Prince added.
He further emphasized that private sector companies will be allowed to execute infrastructure projects, particularly the new sewage system, across the Emirate.
In the same vein, the Executive Council of Dubai has endorsed the future model for the Mohammed Bin Rashid Establishment for Small and Medium Enterprises to strengthen this sector. The goal is to create 86,000 new job opportunities, enabling 8,000 Emirati entrepreneurs by supporting the establishment of 27,000 projects.
This is expected to contribute approximately AED 9 billion to the Emirate’s GDP, fulfilling the demand for local goods and services. The Dubai Economic Agenda D33 aims to raise this demand to AED 3 trillion by 2033.