Emirates 24/7
Wednesday, Jan 15, 2020 | Jamadi Al Awwal 20, 1441
Mohammed bin Rashid launches
Dubai Future District
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.
His Highness also announced a new AED2 trillion
target for the volume of Dubai's foreign trade by 2025, which will be supported
by establishing 50 offices around the world, each tasked with promoting Dubai’s
unrivalled trade, tourism and investment offerings through and intensifying and
unifying of external marketing efforts.