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Dubai to have ‘world’s largest’ food logistics hub

DP World has been entrusted with the management, operation, and development of the market, linking it with markets globally….reports Asian Lite News

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, announced the development of the Logistics Hub for Foodstuffs, Fruit and Vegetable Trade, the largest such facility in the world, serving the world’s largest market for foodstuffs, fruits and vegetables.

This initiative aligns with the emirate’s strategies to enhance investment and economic opportunities, thus contributing to the goals of the Dubai Economic Agenda D33, which aims to double the size of Dubai’s economy and transform it into one of the top three economic cities globally by 2033. The project also aims to improve quality of life for Dubai’s residents and enhance the city’s overall attractiveness and livability.

Sheikh Mohammed bin Rashid said, “Today, we have launched our plan to develop the largest logistics hub in the world for the trade of foodstuffs, fruits and vegetables. This expansion and doubling of the current market area will support our economic agenda and create larger commercial and investment opportunities. We have entrusted DP World with the management, operation, and development of the market, linking it with markets globally.”

His Highness added, “Dubai’s strategic location and advanced facilities make it a commercial and investment hub that attracts major companies. Our efforts will double in the coming period to enhance the emirate’s role in creating investment opportunities for global companies and youth, integrating them into developmental projects. Dubai aims to be a leading destination for markets, export, and re-export operations across various sectors, maximising economic opportunities for investors in this field.”

In line with His Highness’s directives and under the supervision of H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai, H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE, witnessed the signing of a partnership agreement between Dubai Municipality and DP World.

This agreement marks the creation and management of the ‘Foodstuffs, Fruits and Vegetables Market,’ set to be the largest of its kind globally.

The agreement was signed by Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, and Dawood Al Hajri, Director General of Dubai Municipality.

Sheikh Maktoum emphasised that Dubai is advancing under the vision of Sheikh Mohammed bin Rashid, aiming to showcase new successes in achieving the ambitious goals of the economic agenda to be among the top three economic cities globally by 2033. The flexibility, efficiency, and sustainability of Dubai’s economic model enhance its global attractiveness for investment opportunities.

Sheikh Maktoum stated, “The new project will create new economic opportunities and a better investment environment in this crucial food sector, supporting Dubai’s D33 economic vision.”

Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, noted that Dubai is a global model for generating investment opportunities and connecting regional and global markets across various sectors of trade.

He highlighted that establishing the world’s largest foodstuffs, fruits and vegetables market will reinforce strong foundations of trade in this sphere across regional and global markets, particularly through novel logistical and financial solutions bound to be offered by the market.

Bin Sulayem added, “Due to its strategic location, Dubai has become a global market for food trade, especially fruits and vegetables. This sector is witnessing increasing growth in both local markets and exports, indicating immense opportunities that can be leveraged through strategic projects that Dubai continues to develop. Establishing and expanding the Foodstuffs, Fruits and Vegetables Market and launching its pioneering solutions will all act as a strong driver to maximise the benefits of this sector’s growth in achieving Dubai’s economic goals.”

Dawood Al Hajri stated that the agreement to establish and manage the Foodstuffs, Fruit and Vegetable Market reflects Dubai’s constant efforts to enhance its competitiveness and its attractiveness as a place to invest, live, and work in.

He added that the agreement is part of Dubai’s vision to develop markets, improve the quality of life for the community, and establish the emirate as an international trade hub by offering innovative solutions to boost investment opportunities and unlock new business horizons.

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Ram Buxani: A Memoir of a Dubai Stalwart

Buxani’s life was a mosaic of hard work, perseverance, and strategic foresight, writes Soniya Kirpalani

In the heart of Dubai, where towering skyscrapers kiss the desert sky and the hum of progress is a constant melody, the story of Ram Buxani unfolds like a timeless saga. Born in the modest town of Hyderabad, Sindh, in pre-partition India, Ram Buxani’s journey to becoming a celebrated figure in Dubai’s bustling metropolis is a testament to resilience, vision, and an indomitable spirit.

Arriving in Dubai in 1959, when it was but a sleepy trading port, Buxani saw potential where others saw sands and a scattering of dhows. The city’s transformation mirrored his own evolution from a young migrant to a business magnate. With unwavering determination, he immersed himself in the burgeoning trade industry, contributing to the foundation of ITL Cosmos Group, helping it evolve into a company that would become synonymous with trust and innovation in the region.

Buxani’s life was a mosaic of hard work, perseverance, and strategic foresight. His early days were spent navigating the intricate web of business in a rapidly changing landscape, often working from dawn till dusk. It was his tenacity and unyielding belief in Dubai’s future that set him apart. He didn’t just witness the city’s metamorphosis; he was a pivotal part of it, playing a crucial role in shaping its commercial identity.

Beyond business, Ram Buxani was a stalwart of the community, known for his philanthropic endeavors and commitment to social causes. He championed education, believing it to be the cornerstone of progress, and supported numerous initiatives to empower the underprivileged. His autobiography, “Taking the High Road,” is not just a recounting of his personal and professional journey but also a chronicle of Dubai’s transformation from a desert outpost to a global powerhouse. I remember him as a good father to two beautiful young girls, but Ram Buxani’s legacy also extends beyond his personal and corporate achievements. He was a mentor to many, an advocate for ethical business practices, and a beacon of hope for those who dared to dream.

Post Covid the Indian Embassy has been hosting Elevate- to support Indian entrepreneurship spirit and educating emerging startups. Ram Buxani would often be found there, quietly watching, cheering and mentoring their talent. His story is interwoven with the narrative of Dubai itself – a tale of ambition, resilience, and the relentless pursuit of excellence. I remember meeting him at several policy and strategy meetings, either at the Indian Embassy, the Indian High School and even at Dubai’s Majlis meetings, where only a few foresightful individuals are invited to represent the community. Ram Buxani never faltered, he proudly and insightfully represented the NRI Indian community at every level.

Sunjay Sudhir, Ambassador of India to UAE says “In his passing, the community has lost a guide, a role model and a mentor. Mr Buxani has done the Indian community in the UAE proud. He will remain an inspiration for generations of Indians who call the UAE home. He was one of the most prominent Indians in the UAE whose hard work, entrepreneurial spirit and service to the Indian community will always be remembered.”

One thing all of us will remember, is his warm smile, respectful greeting. In remembering Ram Buxani, we celebrate not just a man but an era of boundless possibilities and the realization of dreams against all odds. His life reminds us that true success is not measured by wealth alone but by the positive impact one leaves on the world and the lives touched along the way. As Dubai continues to soar, the spirit of Ram Buxani lives on, inspiring future generations to take the high road and pursue their dreams with courage and conviction.

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Dubai’s longest public beach for eco-tourism

Extending 6.6 kilometres, the beach is poised to become a distinctive recreational destination that places a high priority on environmental preservation and the protection of local ecosystems and wildlife….reports Asian Lite News

In line with the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, to create the world’s best public beaches in the emirate, H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai, approved the Master Plan for the Jebel Ali Beach Development Project.

Extending 6.6 kilometres, the beach is poised to become a distinctive recreational destination that places a high priority on environmental preservation and the protection of local ecosystems and wildlife.

Sheikh Hamdan also approved the architectural designs for the project’s buildings and facilities, which feature a unique blend of aesthetics and functionality tailored for various beach activities.

The project features exceptional services, facilities, and public amenities. Offering a new eco-tourism experience, visitors to the beach can enjoy watching turtles in their natural habitat. Various measures and regulations will be put in place to protect turtles and provide them a safe nesting environment. These efforts align with the efforts of relevant bodies in the UAE to rescue, rehabilitate, and return turtles to their natural habitat and preserve the UAE’s rich marine environment.

Urban experiences

Sheikh Hamdan said, “Under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, we are committed to developing the infrastructure and services needed to offer diverse urban experiences for citizens, residents, and visitors. Our focus is on creating spaces rich in beaches, open areas, and recreational greens. The ultimate goal is to enhance the well-being of the city’s people, create a healthy environment for all and make Dubai the world’s best place to live in.”

He added, “The Jebel Ali Beach Development Project is part of a broader master plan to develop public beaches in the emirate aimed at increasing the total length of beaches by 400%. This involves adding new public beaches, enhancing existing ones, and equipping them with new recreational, sports, aesthetic, and investment facilities as envisioned in the Dubai 2040 Urban Master Plan.”

First project of its kind in the UAE

Mattar Al Tayer, Commissioner-General for Infrastructure, Urban Planning, and Well-Being Pillar, said, “An open beach for the public and a site of global environmental importance, the Jebel Ali Beach Development Project is the first of its kind in the UAE. It is located within the Jebel Ali Wildlife Sanctuary, listed under the Ramsar Convention on Wetlands of International Importance.

“The project aims to create a unique, attractive recreational beachfront with a strong emphasis on protecting the environment and supporting the emirate’s sustainability and eco-tourism goals. The beach’s development will ensure the preservation and enhancement of ecosystems and wildlife at the site, including enhancing turtle habitats and planting mangrove trees, which will contribute to blue carbon footprint growth and provide an open beach with minimal impact on ecological and biological systems.”

Unique ecosystem

Al Tayer added, “Jebel Ali Beach will be the longest public open beach in Dubai, stretching 6.6 km and covering an area of 330 hectares. The plan includes developing two areas: a 5 km sandy beach to be developed by Nakheel and a 1.6 km mangrove beach to be developed by Dubai Municipality. The area features a unique ecosystem due to the presence of mangrove trees, which enhance the sanctuary and provide habitats for many living organisms. The design of the area allows for optimal site utilisation, enabling the preservation of the ecosystem and enrichment of the visitor experience.

“The plan includes a 2 km open swimmable beach, a 2.5 km diving sports area, a walkway with viewing platforms to blend with the surrounding environment, and recreational and service areas for beachgoers of all ages, including kids play zones, sports and marine activity areas. The beach will be connected with integrated infrastructure, including a two-lane road in each direction, parking for 1,000 vehicles, 80 bicycle racks, a cycling track, and a 5 km running track,” Al Tayer said.

Three locations

Al Tayer said, “The beach will be divided into three locations: the Pearl (on the right side near the entrance of Palm Jebel Ali), a centre for beach and recreational activities with options for a lively family beach, sports activities, a swimming pool, kids play zones, a beach club with a pool and private beach for a fee, several restaurants, cafes, shops, and a floating restaurant in a unique location.

“The second site, named the Sanctuary, offers a haven for turtles and natural habitats. This area places the highest priority on environmental conservation and houses recreational and sports activities that enhance safe environmental exploration.

“The third site is the Nest (within the mangrove area), offering a recreational educational destination featuring a mix of educational initiatives and environmental conservation. It includes an environmental centre for studies and awareness of biodiversity, turtle rehabilitation and care programmes, and opportunities for visitors to learn about and help preserve the coastal ecosystem,” Al Tayer noted.

Architectural styles

“The architectural design of the buildings and facilities of the Jebel Ali Beach Development Project is inspired by a mix of natural geometry, drawing from shapes found in marine nature such as coral and turtle shells, as well as the Boho Syle, which uses elements and materials available locally. The buildings resemble the natural dunescape. The project offers several investment opportunities, such as restaurants, leisure centres, and commercial kiosks, to ensure maximum comfort for beachgoers and meet their various needs,” Al Tayer explained.

Al Mamzar and Jumeirah 1 Beaches

The Supreme Committee for Urban Planning and Quality of Life previously awarded contracts for the development of the Al Mamzar and Jumeirah 1 Beaches, extending 5.7 km in total (4.3 km at Al Mamzar Beach and 1.4 km at Jumeirah 1 Beach). The project involves extensive changes encapsulated in an integrated plan aimed at developing beaches and their infrastructure and transforming them into the most advanced and attractive in the world.

The development will add a new recreational tourism destination catering to the increasing number of beachgoers and water sports enthusiasts in the emirate. The project will provide exceptional services for residents, tourists, and visitors alike, making it one of Dubai’s top tourism destinations.


Unique model

A unique global model for beach design, the project will enhance the overall infrastructure capacity for beachgoers, and keep pace with the emirate’s population and tourism growth. The beaches will be equipped with a range of infrastructure and advanced future facilities, including the first 24/7 night-swimmable beach in Deira, a 300-metre pedestrian path along the beaches, 11 km of cycling and jogging tracks surrounded by trees, and a 200-metre floating bridge connecting both sides of Al Mamzar Beach – the first of its kind in the emirate.


Service facilities

The beaches will be fitted with public health and service facilities, such as restrooms, shower areas, and changing rooms along the beaches, designed according to the top global practices, ensuring comfort and privacy. Additionally, the project will feature 10 areas designated for recreational and kids play zone, beach and physical sports, and barbecue areas, along with beach rest areas and spaces for seasonal events with secured entrances and exits.

About 1,400 parking spaces for cars and buses, including dedicated spaces for charging eco-friendly cars, will be provided, as well as drinking water stations, irrigation networks, and sewage disposal systems extending over 5 km, along with modern automatic irrigation systems to increase green spaces.


Advanced technology

The two beaches will be equipped with advanced technology services and systems, such as advanced lockers, Wi-Fi internet services, electronic screens, beach rescue services using the latest artificial intelligence technologies, and enhanced beach monitoring through more than 100 modern cameras connected to central control rooms in Dubai Municipality and Dubai Police to ensure the highest levels of safety for beachgoers.

The plan aims to carry out 100 percent development of beaches, raise service levels on public beaches by 400 percent, and increase the length of night-swimmable beaches by 56 percent (equivalent to 450 metres), extend cycling tracks along the beaches by 285 percent (equivalent to 15.15 km), and increase the length of jogging tracks by 125 percent (equivalent to 11 km). Additionally, services and facilities will be provided to cater to the needs of people of determination compatible with the Dubai Code for an Accessible Environment and global best practices.

Eight beaches

Dubai currently has a total of eight public beaches: Al Mamzar Beach, Al Mamzar Corniche, Jumeirah 1, Jumeirah 2, Jumeirah 3, Umm Suqeim 1, Umm Suqeim 2, and Jebel Ali Beach. All of them have obtained the globally prestigious Blue Flag accreditation awarded to public beaches that meet its criteria including compliance with the programme’s standards such as marine water quality, environmental education, environmental management, public safety, and services for five consecutive years.

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Dubai Destinations campaign kicks off summer phase

The latest phase of the campaign will capture the essence of Dubai as a unique summer destination by focusing on beach destinations, waterparks, indoor activities…reports Asian Lite News

A new phase of the Dubai Destinations campaign is inviting residents and visitors to create unforgettable memories this summer by exploring Dubai’s vibrant offerings and discovering a wide range of captivating experiences and activities.

A celebration of the city’s unique appeal across all seasons, the Dubai Destinations campaign seeks to spotlight the city’s top-rated attractions, with an emphasis on the unique experiences that set the emirate apart as one of the world’s most captivating destinations. The collaborative campaign, implemented by Brand Dubai, the creative arm of the Government of Dubai Media Office (GDMO), harnesses the power of storytelling to further raise the city’s profile as a leading global destination.

The latest phase of the campaign will capture the essence of Dubai as a unique summer destination by focusing on beach destinations, waterparks, indoor activities, and luxurious hotel pools, highlighting the city’s diverse range of experiences that cater to the tastes and interests of people of all ages and nationalities.

The current season of the Dubai Destinations campaign also brings together a wide range of public and private sector stakeholders to showcase the emirate’s various exciting experiences.

Shaima Al Suwaidi, Director of Brand Dubai, said, “This phase of the Dubai Destinations campaign aligns with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, to transform the emirate into the world’s best city to live and visit. By showcasing Dubai’s vibrant summer offerings, we are not only highlighting its unique charm but also reaffirming our commitment to raising Dubai’s profile as a city that offers unparalleled experiences for both residents and tourists. With the support of government entities, industry stakeholders from the public and private sectors, and the creative media community, the campaign will shed light on unique destinations, hidden gems, and exciting activities that make Dubai one of the world’s most popular destinations. Our goal is to ensure that everyone can experience the beauty, excitement, and warmth that define Dubai, fostering a deeper connection with the city and its offerings.”

Through engaging and interactive content, the campaign will spotlight Dubai’s stunning beaches and water activities, featuring popular spots such as Dubai Ladies Club, Bluwaters, Dubai Marina, Jumeirah Beach Residence, The Beach, Jumeirah, Al Mamzar Park, and the unique Night Beach experience.

For those seeking indoor adventures, the campaign will highlight attractions like Ski Dubai, Aya Universe, Chaos Karts, and an array of shopping malls including Mall of the Emirates, Dubai Mall, and Mirdif City Centre. Visitors can also enjoy unique experiences at Deep Dive Dubai, various sports courts, theme parks such as IMG Worlds of Adventure and LEGOLAND, Air Maniax, indoor skydiving at iFly Dubai, The Green Planet, and KidZania.

Dubai’s famous waterparks will also be featured prominently, including LEGOLAND Water Park at Dubai Parks and Resorts, Wild Wadi, and Aquaventure Waterpark at Atlantis, The Palm.

The campaign will also highlight Dubai’s luxurious hotel pools, from infinity pools and rooftop pools to private pools and those with breathtaking views, offering the perfect retreat from the summer heat.

Upcoming Dubai Destinations guides, set to be released by Brand Dubai during the campaign, will help people discover many attractions in the emirate covering exciting summer and weekend activities, seaside dining options, and other businesses running exciting programmes during the season. From top-rated summer camps for children to thrilling water activities, enchanting staycations and indoor hotspots, these guides serve as unique resources for exploring the best of Dubai during the summer season.

Furthermore, the campaign will spotlight unique homegrown businesses from the ‘Proudly from Dubai’ network, an initiative launched by Brand Dubai to highlight the success stories of businesses born and initiated in Dubai.

Brand Dubai will also be partnering with several content creators and influencers to develop videos and promotional content that highlight the top activities, experiences and events in the city and where to find them. The latest phase of the Dubai Destinations campaign, which coincides with Dubai Summer Surprises, is being rolled out over digital, broadcast, print and outdoor media to ensure it reaches large sections of local and international audiences.

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Dubai to host 10th Green Economy Summit on Oct. 2

The 10th WGES will focus on key thematic pillars, including Decarbonisation…reports Asian Lite News

Saeed Mohammed Al Tayer, Vice Chairman of the Dubai Supreme Council of Energy, MD&CEO of Dubai Electricity and Water Authority (DEWA), and Chairman of the World Green Economy Organisation (WGEO), has announced that the 10th World Green Economy Summit (WGES) will be held on 2nd to 3rd October 2024 at the Dubai World Trade Centre.

Held under the theme ‘Empowering Global Action: Unlocking Opportunities and Advancing Progress.’ WGES, which is organised by the Dubai Supreme Council of Energy, DEWA, and WGEO, will build on the outcomes of the previous editions by enhancing collaboration among all stakeholders.

“Under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, the World Green Economy Summit has, since its inception in 2014, supported global efforts to achieve a balance between economic development and environmental sustainability.

This is achieved by providing a pioneering global platform that brings together prominent experts, stakeholders, and decision-makers in energy, economy, climate change, and green finance from all over the world.

They exchange knowledge and experiences, strengthen partnerships, and discuss policies and proactive solutions that help accelerate the sustainable green economy. The Summit also highlights the UAE’s leading role in enhancing global cooperation in facing climate change, supporting global climate efforts. It also showcases Dubai’s efforts in fostering comprehensive and sustainable development and transitioning to a green economy,” said Al Tayer.

The 10th WGES will focus on key thematic pillars, including Decarbonisation; Clean Energy Advancements (including Green Hydrogen & Energy Storage); Climate Finance; Circular Economy; Using Technology to Tackle Climate Change; Youth in Climate Change, in addition to Food and Water.

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World’s largest car market to come up in Dubai

The project aims to expand the market area from 2.8 million square feet to 20 million square feet, making it eight times its current size…reports Asian Lite News

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has directed the development of the ‘Dubai Car Market’, the largest and most advanced car market in the world.

The initiative aims to solidify Dubai’s position as one of the world’s most prominent and rapidly growing cities in the automotive trade sector.

In line with His Highness’s directives and under the supervision of H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, witnessed the signing of a partnership agreement between Dubai Municipality and DP World for the development of the new car market, spanning 20 million square feet. DP World has been entrusted with the construction and management of the ‘Dubai Car Market’. DP World will leverage its extensive logistical expertise and global network, which includes over 430 business units in 86 countries, to ensure the market’s success.

Sheikh Mohammed said, “Today, we have mandated DP World to develop the ‘Dubai Car Market’, expanding the current market eightfold to create a 20 million square feet facility that will be the largest and most advanced car market globally. The ‘Dubai Car Market’ will be connected with 77 ports managed by DP World around the globe, enhancing its capacity and doubling its current sales of AED6.8 billion.

He added, “The new market will become a global hub that offers commercial services, and logistics and financing solutions for this vital sector. It will also be a premier destination for major conferences and specialised events for car enthusiasts. Dubai will continue to develop new development projects as part of its vision to be one of the largest economic and commercial centres in the world.”

A strategic project that contributes to realising Dubai’s future vision, the ‘Dubai Car Market’ will offer integrated services, including buying, selling, registration, banking, and logistics. The market will have the capacity to host global events, making it a preferred destination for car enthusiasts and investors.

Sheikh Mohammed bin Rashid said, “Through strategic initiatives like the ‘Dubai Car Market’, we aim to provide an integrated investment environment that supports sustainable economic growth.”

“This initiative will accelerate the achievement of the goals of the Dubai Economic Agenda D33 to double the size of the emirate’s economy and transform it into one of the world’s top three urban economies by 2033,” His Highness added.

The agreement between Dubai Municipality and DP World’s Economic Zones Sector aims to enhance Dubai’s position as a global innovation and trade centre for the automotive sector. DP World will leverage its extensive experience in developing and operating integrated economic zones to provide a range of services including advanced systems for businesses and investors, comprehensive logistical solutions, e-commerce, trade finance, and asset development.

Dawood Al Hajri, Director-General of Dubai Municipality, said, “Signing the partnership agreement with DP World represents a major step towards realising Dubai’s vision for developing the largest and most advanced car market in the world. We aim to provide the best services that meet the needs of investors and traders, enhancing Dubai’s position as a premier global investment destination in the automotive sector.”

Al Hajri added, “This project aims to enhance infrastructure and develop integrated services that contribute to supporting the local economy and achieving sustainable growth. Establishing the ‘Dubai Car Market’ will attract foreign investments and strengthen Dubai’s position as a global innovation and trade centre.”

Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, said, “We are proud to collaborate with Dubai Municipality on this ambitious project. We aim to leverage our services and expertise in managing economic zones to establish Dubai as a leading destination in the automotive trade sector. We will continue our commitment to providing the best logistical and technological solutions to support this project.”

Bin Sulayem added, “We are committed to providing services and infrastructure that keep pace with global developments and meet investors’ expectations. This project is vital to enhancing the local economy and achieving sustainable growth. We will provide all resources to ensure its success.”

Expansion of market area

The project aims to expand the market area from 2.8 million square feet to 20 million square feet, making it eight times its current size. The market will be a comprehensive global centre offering advanced and innovative automotive services.

Current sales and operations, valued at AED6.8 billion, are expected to double with significant infrastructure and service expansions. The new market will offer innovative government and banking services and will be connected to global markets through DP World’s network, enhancing access and trade.

Destination for specialised automotive events

The market will host major automotive events and conferences, making it a preferred destination for car enthusiasts and investors. It will include areas for exhibitions and events that bring together experts and global companies in the automotive field, as well as recreational, cultural, and commercial zones.

This project, which contributes towards achieving the goals of the Dubai Economic Agenda D33 to enhance innovation and trade, reflects the emirate’s commitment to providing top-tier infrastructure and services to support the local and global economy.

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Dubai sets ambitious Dh650B FDI goal

Dubai’s First Deputy Ruler announced the FDI Development Programme, which earmarks AED25 billion over 10 years to help attract AED650 billion of investments to Dubai in direct support of the objectives of the D33 economic agenda….reports Asian Lite News

The Executive Council of Dubai has approved a series of new initiatives and programmes designed to support its ambitious economic agenda and make it one of the world’s top three urban economies by 2033.

Chairing the Council’s meeting, H.H. 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, said, “Dubai, under the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and Ruler of Dubai, has designed a well-planned and agile economic model, positioning it as a top global destination for investment.”

Sheikh Maktoum announced the Foreign Direct Investment Development Programme, which earmarks AED25 billion over 10 years to help attract AED650 billion of investments to Dubai in direct support of the objectives of the D33 economic agenda.

He said, “Dubai has built an integrated, unique, and inspiring economic model, featuring advanced enablers and tools to enhance decision-making, create a broad array of promising opportunities, and attract top talents and global investment.”

He also announced the Dubai Economic Model, which will use 3,000 performance indicators to closely measure Dubai’s development against its economic targets.

“Dubai continues to lead in urban planning and sustainable urban mobility with residents able to access all key services through convenient, efficient and sustainable transport systems. Consequently, Dubai has become one of the best places in the world to live and work,” he added.

Sheikh Maktoum said, “The success of any economic model always starts with empowering the individuals as they are the ultimate beneficiary. Dubai is a diverse global city and an international commercial hub synonymous with vitality, diversity, and peaceful coexistence owing to the principles it upholds. At the same time, it maintains its core values and national identity by investing in people and launching initiatives to achieve the goals of Dubai’s Social Agenda 33, which fosters happy, strong and tolerant families who are proud of their values and identity.”

The Executive Council’s meeting was attended by H.H. Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Second Deputy Ruler of Dubai and Deputy Chairman of The Executive Council, and H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Civil Aviation Authority and Deputy Chairman of The Executive Council.

Aiming to attract AED650 billion in FDI by 2033, in line with Dubai’s D33 economic agenda, the programme will offer incentives worth AED25 billion over 10 years. The programme aims to attract international companies and support the expansion of existing international companies with bases in Dubai, aligning with the emirate’s ambition to become one of the world’s top three economic cities. The FDI programme will highlight Dubai’s unique competitive advantages, such as its logistics infrastructure, strategic geographical location, talent pool, and its position as a competitive global commercial hub.

The Dubai Economic Model will use an integrated framework, interactive dashboards and policy impact assessment reports to monitor economic development and measure progress against D33 targets. This approach will enable decision-makers to make informed, data-based decisions.

The project consists of three main components. First is a database that includes more than 3,000 indicators, covering macroeconomic data and sector-specific data for the emirate, as well as relevant global rankings and indicators. The second component comprises systems to measure and forecast economic performance indicators and assess the impact of local and global policies on Dubai’s economy. The third element involves economic reporting tools and interactive dashboards that will monitor Dubai’s economic performance and trends, supporting decision-makers to make informed decisions.

These tools will allow leaders and decision-makers to evaluate the impact of policies, measure performance in key sectors, enhance transparency, prioritise new policies’ rollout, and increase both consumer and investor confidence.

The model, overseen by the Department of Economy and Tourism, will study scenarios of economic performance indicators, while the Dubai Digital Authority will design a roadmap to activate the model by streamlining and automating data management processes, and accelerating data classification. Additionally, AI tools will be used to enhance the economic model’s capabilities.

The Executive Council of Dubai also approved a plan for developing areas around Metro stations with the aim of enriching economic opportunities, interconnecting modes of public transport, and improving the efficiency and convenience of sustainable transport.

The plan provides incentives for developers to utilise plots in areas surrounding Metro stations so as to help provide additional services, support the concept of the ‘20-minute city’, increase the number of Metro users, and boost sustainability and quality of life in Dubai.

Some of the plan’s key aims include increasing the share of public transport to 45%, reducing carbon emissions to 16 tonnes per capita, improving the quality of public spaces to encourage walking, and increasing shaded areas. The plan also aims to boost populations around stations, enhance the diversity of residential, commercial, office, and service spaces around the Metro, attract users, and increase economic spaces.

The scope of the Metro station area development plan will expand from 64 stations currently operating over 84 square kilometres to 96 stations over 140 square kilometres by 2030. It aims to cover 140 stations over 228 square kilometres by 2040.

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Dubai Chamber of Commerce launches Colombian Biz Council

The Business Councils operating under the umbrella of Dubai Chamber of Commerce represent the interests of companies and investors from markets of strategic importance to Dubai…reports Asian Lite News

Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has announced the establishment of the Colombian Business Council to strengthen bilateral trade and investment relations and pave the way for more joint opportunities between private sector companies in Dubai and Colombia.

The council’s inaugural annual general meeting, which was hosted recently at Dubai Chambers, saw participants identify key priorities and discuss plans for the months ahead, including the upcoming schedule of events. Through its activities, the council aims to further enhance economic cooperation between Dubai and Colombia, focusing on the most promising sectors for the business communities in both markets.

Maha Al Gargawi, Vice President of Business Advocacy at Dubai Chambers, commented, “Business Councils serve as important platforms to enhance cooperation, develop promising opportunities, and build fruitful partnerships. We remain committed to ensuring they contribute to the growth of the private sector and strengthen its contribution to sustainable economic development in Dubai.”

The Business Councils operating under the umbrella of Dubai Chamber of Commerce represent the interests of companies and investors from markets of strategic importance to Dubai. They play a vital role in opening new channels of economic cooperation with business communities around the world and advancing the interests of investors operating in the emirate from the countries represented.

As part of its ongoing drive to contribute to the objectives of the Dubai Economic Agenda (D33), the chamber is working to increase the number of country-specific Business Councils to help promote Dubai’s foreign trade and support the expansion of local companies into global markets.

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Dubai announces Dh30b rain drainage network

The ‘Tasreef’ project, will enhance the capacity of Dubai’s rainwater drainage system by 700%, covering all areas of the emirate….reports Asian Lite News

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has approved the ‘Tasreef’ project aimed at developing Dubai’s rainwater drainage network. Featuring a total cost of AED30 billion, the initiative is one of the emirate’s largest strategic infrastructure projects. The ‘Tasreef’ project, will enhance the capacity of Dubai’s rainwater drainage system by 700%, covering all areas of the emirate.

The project was approved in the presence of H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, and Deputy Prime Minister and Minister of Finance of the UAE; and H.H. Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Second Deputy Ruler of Dubai.

H.H. Sheikh Mohammed bin Rashid Al Maktoum emphasised that the continuous enhancement of Dubai’s sustainable infrastructure is integral to its growth and prosperity. The initiative aims to create a drainage infrastructure that is advanced, safe, flexible, and ready to face future challenges.

“Today, we approved an integrated project to develop Dubai’s rainwater drainage network at a cost of AED30 billion. The largest rainwater collection project in a single system in the region, the initiative will increase the capacity of the drainage network in the emirate by 700%, ensuring the emirate’s readiness to face future climate-related challenges,” Sheikh Mohammed said.

“Covering all areas of Dubai, the project will raise the drainage network’s capacity to more than 20 million cubic metres of water daily, meeting our needs for the next hundred years. We have directed the immediate implementation of the project, which will be completed in phases by 2033. Dubai continues to drive infrastructure and urban advancements, enhancing safety and security for everyone living in the emirate,” His Highness further said.

Resilient infrastructure

The strategic project is a continuation of drainage projects launched by Dubai in 2019, covering the Expo Dubai area, Al Maktoum International Airport City, and Jebel Ali. It supports Dubai’s plans and strategies for developing a flexible, advanced, and future-ready infrastructure. As a sustainable strategic project, it addresses future climate change impacts, such as increased rainfall, with a network designed to seamlessly adapt to all rainfall events.

Dubai Municipality will implement the project, adhering to the highest global technical and engineering standards. This initiative aligns with the Municipality’s strategic goals for the integrated management of rainwater drainage and the sewage system, and underscores its commitment to infrastructure projects that enhance sustainability and quality of life in Dubai. It also supports Dubai’s comprehensive development plans, boosts its global competitiveness, and further improves its quality of life indicators.

Massive capacity

The ‘Tasreef’ project aims to enhance rainwater and surface water drainage services with a sophisticated and highly efficient infrastructure, improving operational efficiencies and reducing costs associated with station construction, operations and maintenance by 20% and increasing the network’s lifespan.

Additionally, the rainwater drainage capacity through tunnels will reach 20 million cubic metres per day, with a flow capacity of 230 cubic metres per second, making it the largest rainwater collection project in a single system in the region.

Advanced tunnelling equipment

The project will utilise the latest Tunnel Boring Machines (TBM), the largest of their kind in the Middle East, known for their efficiency, speed, and high precision in excavation, and their ability to handle various topographical conditions. These machines feature automated control systems that enable continuous monitoring and data analysis, with advanced safety systems to ensure the safety of workers and equipment.

The meeting held to approve the project was also attended by H.H. Sheikh Mansoor bin Mohammed bin Rashid Al Maktoum, Chairman of the Dubai Ports and Borders Security Council; Mohammed Ibrahim Al Shaibani, Director General of His Highness The Dubai Ruler’s Court; Abdulla Mohammed Al Basti, Secretary General of The Executive Council of Dubai; Lieutenant General Talal Humaid Belhoul, Director General of Dubai’s State Security Department; Mattar Al Tayer, Commissioner General for Infrastructure, Urban Planning and Well-Being Pillar and Director General and Chairman of the Board of Executive Directors of the Roads and Transport Authority (RTA); Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA); and Dawoud Al Hajri, Director General of Dubai Municipality.

ALSO READ: Hamdan okays next phase of Dubai future project

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Hamdan okays next phase of Dubai future project

‘Dubai Future Solutions – Prototypes for Humanity’ initiative will be overseen by H.H. Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Dubai Culture chair….reports Asian Lite News

H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Chairman of The Executive Council of Dubai, and Chairman of the Board of Trustees of the Dubai Future Foundation (DFF), approved the launch of the next phase of the ‘Dubai Future Solutions’ initiative.

The ‘Dubai Future Solutions – Prototypes for Humanity’ initiative will be overseen by H.H. Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of the Dubai Culture and Arts Authority (Dubai Culture).

The initiative aims to foster the development and implementation of innovative prototypes and pilot models, delivering transformative solutions from Dubai to the world.

This initiative aims to build on the successes achieved by the ‘Prototypes for Humanity’ initiative over the past nine years, and its efforts to advance innovation for the betterment of humanity.

Sheikh Hamdan bin Mohammed witnessed the signing of a cooperation agreement between the Dubai Future Foundation and the Hussain Sajwani – DAMAC Foundation (HSDF), which pledged AED100 million to support innovation and technology in Dubai and across the UAE. Signed by Khalfan Belhoul, CEO of DFF, and Hussain Sajwani, Founder and Chairman of DAMAC Properties, the agreement makes HSDF a strategic partner of the initiative.

Sheikh Hamdan affirmed that the initiative serves as a comprehensive platform to support innovators and designers of future solutions around the world and nurture top talent and creative thinkers across all future-oriented sectors. It is a pivotal step towards realising the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, to transform Dubai into a global innovation hub, he said.

“The objective of the ‘Dubai Future Solutions – Prototypes for Humanity’ initiative is to create a dynamic platform that attracts leading innovations, projects, and experimental ideas from across the world, including contributions from bright students, top universities and international institutions, with the aim of transforming these ideas into impactful solutions benefiting humanity. We extend our gratitude to Hussain Sajwani for supporting Dubai’s innovation journey and his dedication to advancing future technologies across sectors,” he added.

H.H. Sheikha Latifa bint Mohammed said the directives of H.H. Sheikh Hamdan bin Mohammed provide a strong impetus to Dubai’s journey of innovation, entrepreneurship, future design, and human empowerment. They serve as a guide to strengthen international collaborations and partnerships and accelerate the advancement of new technologies and innovations.

“To achieve these goals, we are committed to cultivating strategic partnerships with government entities, the private sector, global universities, and academic, cultural, technological and creative institutions. Our objective is to spotlight a variety of future-oriented ideas and innovations that have a positive impact on society, ultimately transforming them into tangible achievements that will serve humanity,” she added.

Under the guidance of H.H. Sheikha Latifa bint Mohammed, the collaboration between DFF and HSDF will establish a global framework to enhance partnerships with academic institutions, students, laboratories, startups, and leading innovators worldwide. This initiative is designed to attract leading global innovations to Dubai, offering a platform for innovators to exhibit their work, drive community improvement, address significant global challenges, and convert experimental projects into thriving startups.

In addition, the initiative supports innovators and startups across various future sectors, enhancing job creation, investment opportunities, and market expansion. It also aids in patenting innovations and helps transition ideas into viable companies, while providing investment avenues for innovators looking to expand from Dubai to global markets. These objectives will be realised in collaboration with the Dubai International Financial Centre (DIFC) and Dubai Culture.

Furthermore, an annual event will be hosted at the Dubai Future District, showcasing the best 100 innovations from the ‘Dubai Future Solutions – Prototypes for Humanity’ initiative. The top innovations will be honoured during the annual ceremony.

DFF will also support this initiative through various national programmes, including the Dubai Research and Development Program and the Dubai Robotics and Automation Program. Leveraging its integrated ecosystem, DFF will promote entrepreneurship through AREA 2071 and the Dubai Future Accelerators (DFA), spotlighting promising projects and talents.

This announcement builds on the success achieved by the ‘Prototypes for Humanity’, an initiative of the Art Dubai Group, over the past nine years. Under the patronage of H.H. Sheikha Latifa bint Mohammed, the initiative has showcased hundreds of innovative projects from over 10,000 applications submitted by students from more than 700 universities worldwide.

The ‘Prototypes for Humanity’ initiative has been supported by its founding partners: Dubai Culture, DIFC, A.R.M Holding, and the Investment Corporation of Dubai. In the past year, the initiative received over 2,800 project submissions encompassing more than 200 research fields across diverse technological and future-oriented sectors.

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