Dubai's leaders are shaping the growth plans of the region outlined in the ‘UAE Strategy for the Future’. Launched by Sheikh Mohammed bin Rashid Al Maktoum, ruler of Dubai and Vice President of the UAE, the plan is intended to serve as a model for the world. In the medium term this looks at the impact of the World Expo 2020 and Vision 2021 to follow but also brings together the regions ambitious growth and development plans well in to the future.
The Dubai World Expo gets underway in the city between October 2020 and April 2021, bringing with it an estimated 25 million international visitors 180 exhibiting nations. By then, Dubai aims to be attracting 20 million visitors per year, as part of the Dubai Tourism Strategy 2020. Given the current huge growth and success of the hotel and tourism sector and the continued rise of global visitors, the emirate is already well on its way to surpassing those goals.
Two more important plans will also have been achieved. Firstly, the Education 2020 Strategy, which includes five year plans aimed at significantly revamping the UAE’s education system. Plus, the Masar 2020 Project, a AED 10.6 billion plan that will extend Dubai Metro’s Red Line by 15km. 2020 will also see a new world’s tallest in place in the form of The Tower at Dubai Creek.
Fast forward nearly another decade and the new 2030 Dubai Industrial Strategy will be in place, with plans to inject $44 billion into the economy with the help of 75 initiatives. Based on five objectives, including improving innovation and the manufacturing sector and promoting energy efficiency, the strategy aims to bring more international manufacturing companies to Dubai. All this will in turn have a knock on effect on Dubai and the wider UAE’s economy, and further strengthen the country’s position on the global stage.
Also in this year, Dubai’s transport network will be transformed, with the goal of making 25% of the city’s transportation autonomous. Neighbouring Abu Dhabi will have achieved a number of important initiatives including the Abu Dhabi Economic Vision 2030, the Environment Vision 2030 and the Plan Abu Dhabi 2030, all of which will have a positive knock on effect on the whole of the UAE and wider region.
By 2030, the UAE’s Sustainable Development Goals (SDGs) will be strongly in place. This set of 17 goals are based on the the United Nations’ Millennium Development Goals and are aimed at greatly improving living conditions across the entire country.
This is the year the Centennial Plan 2071 will come to fruition, a long term vision that kicks into place after 2021 and extends for 5 decades. This is an important blue print for government work aimed at boosting the UAE’s global reputation and power.
We can only conclude that if Dubai and the UAE’s current track record for achieving the seemingly impossible is anything to go by, we have no doubt the country will meet and indeed surpass all these goals. With so much planned for the future of the country, we are excited about what this will mean for investors like yourself.
With continued growth in tourism, the hotel industry and major infrastructure across Dubai and beyond already spelling lucrative returns for all our owners, we can’t wait to see what the future will bring. To find out more about our newest investment opportunities in this dynamic city,today.
While the World Expo finishes in the first quarter of this year, the plans for Dubai and the wider UAE do not stop there. In the year that the UAE celebrates its Golden Jubilee – 50 years since its formation, 2021 will see the culmination of a number of major initiatives, starting with Vision 2021, a long term strategy that aims to make the UAE one of the best countries in the world by the year end.
The National Innovation Strategy should also have been achieved by the end of 2021, with the aim of making the UAE one of the globe’s most innovative countries. By then, we could be seeing more sustainable homes and solar powered vehicles and even underwater living, as well as futuristic initiatives such as hyperloop trains and private sub-orbital flights.
Meanwhile, the Dubai Plan 2021 will look at the urban environment’s natural and built assets and the overall living experience for residents and visitors. It is based on 6 themes, which together form Dubai’s vision for 2021. These include elements such as The People: “City of Happy, Creative & Empowered People”, The Place: “A Smart & Sustainable City” and The Experience: “The Preferred Place to Live, Work & Visit”
Finally, 2021 will see the fruition of the Dubai Health Strategy, which aims to provide the highest quality of medical care to patients with chronic diseases and promote a culture of early detection. Cancer screening may even be possible from the comfort of your own home for only $20.
20 years on from that will see the achievement of the UAE’s Dubai Clean Energy Strategy, which aims to produce 75% of the city’s energy requirements from clean sources by 2050.
Life on Mars? There could be, thanks to the UAE’s Mars 2117 and the Mohammad Bin Rashid Space Centre’s 100 year plan which has a goal of building livable colonies on the red planet.