When designed well and implemented in a balanced regulatory environment, public-private partnerships can be a significant force in driving economic growth and development. On Wednesday, during a meeting with over 150 business leaders discussing economic policies, reforms, and long-term development plans, Dubai’s Crown Prince Sheikh Hamdan bin Mohammed Al Maktoum emphasized that public-private partnerships are instrumental in achieving the D33 economic agenda for the emirate.

Sheikh Hamdan expressed the need to strengthen these partnerships further and improve the business environment to support the growth of private sector companies in Dubai. He also stressed the significance of innovative solutions and initiatives to achieve the objectives set in the D33 agenda for the next ten years. 

The D33 economic agenda aims at doubling the size of Dubai’s economy, with a target of reaching $8.71 trillion by 2033 and establishing the emirate among the top three global cities. The plan includes various initiatives to support private sector growth, establish Dubai as a global digital economy and sustainability leader, and make it the world’s safest and most connected city.

The strategy includes supporting 30 private companies to achieve unicorn status and making Dubai the most attractive global business and sustainability center. The plan’s first set of projects includes Sandbox Dubai, a center for incubating business innovation, and the Dubai Traders Project, empowering a new generation of traders.