For over a decade, the UAE has been at the forefront of pioneering new systems in finance and investment.
Once again, the Emirates has set the stage for a global trend in the investment sector. Investors worldwide are increasingly directing their capital towards the development of new technologies, renewable energy sources, and the tourism sector, a trend that presents exciting opportunities for all.
UAE is currently being focused on developing the following areas Among the innovations and technologies:
- Artificial intelligence;
- Fintech;
- Blockchain;
- Innovative and sustainable construction;
- The tourism and hospitality sector.
At the heart of the UAE’s agenda is a resolute commitment to become a global technological hub.
The government’s initiative is not just a mere interest, but a strategic commitment towards developing and supporting new technologies in accordance with Dubai’s economic program, D33 (https://u.ae/en/about-the-uae/strategies-initiatives-and-awards/strategies-plans-and-visions/finance-and-economy/dubai-economic-agenda-d33), which outlines a comprehensive roadmap for the city’s economic growth and diversification.
This program encompasses a significant project consisting of 100 sub-projects, launched to accelerate economic growth and reinforce Dubai’s role as a global hub for logistics, tourism, and innovation. According to the plan, by 2033, Dubai aims to rank among the world’s top three most economically developed cities.
The primary goal is to increase the country’s capital. But how?
- Foreign trade in goods and services up to $7 trillion;
- Direct foreign investments up to $177 billion;
- Government expenditures up to $191 billion;
- Private sector investments up to $272 billion;
- The value of domestic demand for goods and services to be up to $817 billion.
Additionally, the aim is to gain $27 billion annually from digital transformation projects in Dubai’s economy.
The UAE is becoming a hub for attracting startups worldwide thanks to strong government support for entrepreneurship, facilitated by various programs and investments (for example, aimed at supporting local SMEs).
“Less traditional resources, more economy based on knowledge, technology, and innovation.”
Today, the UAE is increasingly focusing on the development of the construction sector with the inclusion of modern and innovative technologies. For example, Dubai has already issued the first permit for the construction of buildings using 3D printing technology within the Emirates (the permit was granted to the construction company “Nakheel” for a project in the Al Furjan Hills area).
The construction using this method took only 20 days, an extraordinary result representing a significant shift in the country’s urban planning. By 2030, Dubai plans to implement this technology in at least 25% of construction projects.
Sourced from: CNN: https://edition.cnn.com/style/article/dubai-3d-printed-buildings-intl/index.html