MENOKEES is also available in your country: United States. Starting good deals here now!

Hamdan bin Mohammed says: AED128 billion plan for world's largest airport showcases Dubais inv

2024-05-09 13:01   Services   Dubai   13 views Reference: 125

Location: Dubai

Price: Contact us


Hamdan bin Mohammed says: AED128 billion plan for world's largest airport showcases Dubai’s investment in the future

 

Published Wednesday, May 08, 2024

 

Hamdan bin Mohammed says: AED128 billion plan for world's largest airport showcases Dubai’s investment in the future 

His Highness: Dubai is leading global tourism following Sheikh Mohammed bin Rashid's announcement on building the world's largest airport

We aim to achieve balanced economic and social development through placing people at the heart of progress and by engaging Dubai’s community in designing its future 

The Executive Council approves Commercial Transport Strategy 2030, Smooth Traffic Flow Plan, the Strategic Direction for boosting Data Centre Economy, and Community Participation Policy

His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai, has approved major projects aimed at further strengthening Dubai’s position as a leading catalyst for economic growth, a destination for global tourism, and a pivotal transport hub connecting continents in accordance with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.

 

Chairing a meeting of The Executive Council today at the Arabian Travel Market (ATM) exhibition taking place at Dubai World Trade Centre, Sheikh Hamdan said: “Dubai is investing in the future and is leading global tourism following His Highness Sheikh Mohammed bin Rashid Al Maktoum’s announcement to build the world’s largest airport with an AED128 billion investment and a capacity for 260 million passengers annually.

 

“Dubai represents a bridge between North, South, East and West. It provides state-of-the-art infrastructure for companies, setting the foundation for global expansion.”

 

During the Council’s meeting, His Highness stressed the importance of community participation in designing the future of Dubai, saying: “We aim to achieve balanced economic and social development through placing people at the heart of progress and by engaging Dubai’s community in designing its future.”

 

The Executive Council’s meeting was attended by His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE, and Deputy Chairman of The Executive Council of Dubai; His Highness Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Second Deputy Ruler of Dubai and Deputy Chairman of The Executive Council of Dubai; and His Highness Sheikh Ahmed bin Saeed Al Maktoum, President of the Dubai Civil Aviation Authority and Deputy Chairman of The Executive Council of Dubai.

 

Tourism sector posts strong growth

During the meeting, His Excellency Issam Kazim, CEO of Dubai Corporation for Tourism and Commerce Marketing (DCTCM), part of Dubai Department of Economy and Tourism (DET), presented a report highlighting the strong performance of Dubai’s tourism sector, which includes segments like including leisure tourism, cultural tourism, eco-tourism, medical tourism, as well as events and conferences.

 

The Council also reviewed indicators showing growth in global demand for Dubai’s tourism offering. This growth will be met by the Al Maktoum International Airport, which when completed will be the world's largest airport, comprising 400 gates and five runways. The airport will directly support the objectives of the Dubai Economic Agenda (D33), aiming to make the city one of the world’s top three global tourism destinations.

 

Commercial transport strategy 

The Executive Council approved the Commercial Transport Strategy 2030 in line with the D33, aiming to nearly double the contribution of the commercial transport and logistics sector to the emirate's economy to approximately AED16.8 billion, increase technology adoption in infrastructure by 75%, reduce carbon emissions by 30%, and improve operational efficiency by 10%.

 

Under the strategy, Dubai aims to adopt several projects over the next seven years to support the sector’s growth and boost its competitiveness.

 

Traffic flow plan 

The Executive Council approved a plan to improve traffic flow in Dubai to support business efficiency and elevate quality of life. The plan includes developing priority public bus routes to improve trip times by up to 59%. The plan also includes developing a policy to encourage school students to use school transport, which will help improve traffic flow around schools by 13%. Additionally, the plan aims to expand the implementation of flexible working hours and remote work policies within the public and private sectors to ease traffic congestion across Dubai.

 

Push to be data industry hub

The Executive Council approved Dubai's strategic direction for boosting data centre economy, aiming to establish the city as a leading destination for the future economy driven by emerging technologies. Aligned with Dubai Economic Agenda, which aims to boost productivity by 50% through digital adoption and innovation, the strategy focuses on developing high-performance computing, utilising liquid cooling systems, and providing advanced data centres powered by renewable energy. By 2028, Dubai aims to be a hub for sustainable data centres, equipped for Artificial Intelligence (AI) applications and next-generation networking technologies like Web 3.0 and the Metaverse.

 

This initiative seeks to increase Dubai's data capacity by five times, enhance value addition by AED14.3 billion annually, and solidify its position as a regional data industry hub. The project reinforces Dubai's appeal for global AI investments with its cutting-edge infrastructure and investor-friendly environment. Implementation oversight will be managed by the Dubai Digital Authority and other relevant entities.