Dubai announces major projects to Enhance Transportation, Data Economy, and Community Involvement | Kanebridge News
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Dubai announces major projects to Enhance Transportation, Data Economy, and Community Involvement

Dubai has approved plans to transform transportation, data, and community participation in the emirate.

Thu, May 9, 2024 1:29pmGrey Clock 3 min

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai, has endorsed major projects aimed at enhancing Dubai’s stature as a prime catalyst for economic growth, a top destination for global tourism, and a crucial transport hub linking continents, aligning with the vision of Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai.

During a meeting of The Executive Council at the Arabian Travel Market (ATM) exhibition at Dubai World Trade Centre, Sheikh Hamdan declared: “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 AED128bn ($35bn) investment and a capacity for 260m passengers annually.

Major projects approved

It was also noted by Sheikh Hamdan that Dubai serves as a connector between the North, South, East, and West, offering superior infrastructure that sets the foundation for companies aiming at global expansion.

He emphasized the significance of community engagement in shaping Dubai’s future, 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.”

Issam Kazim, CEO of Dubai Corporation for Tourism and Commerce Marketing (DCTCM), part of the Department of Economy and Tourism (DET), presented a report showing robust growth in global demand for Dubai’s tourism sector, which spans leisure, cultural, eco-tourism, medical tourism, and conferences. This surge in tourism will be supported by the upcoming Al Maktoum International Airport, set to be the largest globally with 400 gates and five runways, propelling Dubai towards being one of the world’s top three tourism destinations.

The Executive Council approved the Commercial Transport Strategy 2030 under the Economic Agenda (D33), aiming to nearly double the commercial transport and logistics sector’s economic contribution to approximately AED16.8bn ($4.6bn), increase technology usage in infrastructure by 75%, cut carbon emissions by 30%, and enhance operational efficiency by 10%. Over the next seven years, Dubai plans to launch multiple projects to support this sector’s growth and competitiveness.

Enhancing Community and Data Economy

The Council also approved a plan to optimize traffic flow in the city, enhancing business efficiency and quality of life. This strategy includes developing priority public bus routes, reducing travel times by up to 59%, and promoting school transport usage to decrease traffic around schools by 13%.

Furthermore, the plan incorporates flexible working hours and remote work policies to reduce traffic congestion. Dubai’s strategic direction for increasing the data center economy was also approved, positioning the city as a frontrunner in the future economy driven by emerging technologies.

This strategy, aligned with the Dubai Economic Agenda which aims to boost productivity by 50% through digital adoption and innovation, focuses on developing high-performance computing, utilizing liquid cooling systems, and providing state-of-the-art data centers powered by renewable energy.

By 2028, Dubai aims to be a hub for sustainable data centers, ready for Artificial Intelligence (AI) applications and next-generation technologies like Web 3.0 and the Metaverse, thereby enhancing the emirate’s data capacity fivefold, increasing value addition by AED14.3bn ($3.9bn) annually, and strengthening its regional data industry leadership.

The Executive Council also endorsed the Community Participation Policy, supporting Social Agenda 33 by boosting community involvement in shaping policies, legislation, and government services, thus aligning services more closely with community needs and expectations identified through enhanced public engagement.

This policy will foster cooperation among various stakeholders to improve the overall quality of life for residents. Developed collaboratively by the General Secretariat of the Executive Council, the Digital Authority, the Supreme Legislation Committee, and the Department of Finance, the Community Engagement Policy is grounded in the principles of inclusivity, empowerment, sustainability, cooperation, and transparency.


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AACCI’s Strategic Vision for Enhancing Australia-Arab Trade Relations

The Australian Arab Chamber of Commerce & Industry (AACCI) is fostering robust trade relations between Australia and Arab countries.

Mon, May 20, 2024 5 min

In an era where global trade and international relationships are more crucial than ever, the Australia Arab Chamber of Commerce & Industry (AACCI) serves as a bridge, for cooperation and growth between Australia and the Arab nations. Led by its Chairman, Mr. Mohamed Hage, the AACCI has taken on projects aimed at strengthening relationships and fostering development across borders.

This exclusive interview explores the initiatives implemented by the AACCI to expand its presence and influence in the region including the significant establishment of a new operational hub in Dubai. We also delve into how the Chamber embraces education through training and research, its participation in major international exhibitions, and its active support for both large corporations and small businesses.

Looking towards tomorrow, Mr. Mohamed shares his vision for broadening AACCI’s reach emphasizing the importance of the on-ground operations and cultural understanding in building business connections.

-Could you elaborate on the Australia Arab Chamber of Commerce & Industry, including its objectives and main areas of focus?

The Australia Arab Chamber of Commerce & Industry (AACCI) plays a fundamental role, in promoting business partnerships and trade between Australia and the 22 Arab countries. As a member of the Union of Arab Chambers affiliated with the Arab League, AACCI focuses on strengthening trade and investment ties, across these countries.

To nurture these connections effectively AACCI has outlined four objectives: facilitating trade and investment activities, certifying documents, educating stakeholders, and offering marketing assistance.

Our initiatives are designed not only to empower trade and investment endeavors but to also ensure engagement with specific sectors that drive these activities. With an understanding of the characteristics, strengths and preferences of each country, AACCI prides itself on its specialized knowledge customized to suit the distinct business environments of these nations.

– As the AACCI approaches its 50th anniversary, what have been some of the key milestones and achievements?

I believe one of AACCI’s accomplishments is the opportunities it has opened up for numerous Australian companies to access markets, in the region. Moreover, the strong bilateral trade relationship that has developed between Australia and the 22 Arab nations over the five decades has led to trade transactions amounting to billions of dollars.

This extensive trade covers industries such as food and beverages, luxury hotels and many more services. Each successive generation, within AACCI has built upon the foundation laid by its predecessors enriching their knowledge base and expanding their range of services.

– How does the AACCI leverage its diverse leadership team to enhance trade and investment opportunities between Australia and the Arab region?

Since taking on the role of chairman, my main focus has been on expanding our presence in the region. This led to the idea of opening an office in Dubai, which symbolizes our dedication to deepening our engagement in that area. We have successfully secured the license to open our first office in Dubai after 50 years, which will serve as a gateway to the GCC and North Africa.

I strongly believe that building two-way trade and investment ties requires more than a degree of business connectivity; it demands having local representatives present in each region. With trends emphasizing strategies the value of face-to-face engagements cannot be overstated.

Setting up offices in the region is essential for the Chamber to truly serve as a link and support system for business activities. Ultimately this expansion will bring benefits to our members and partners by providing them with access, to dynamic markets and diverse prospects.

– Can you discuss the significance of AACCI’s role in cultural and business exchanges between the two regions?

The importance of understanding cultures in our operations cannot be overstated. To address this, we have included a training platform within the Chamber to strengthen our cultural awareness initiatives. This new program offers our members access to modules on our website focusing on global business practices.

Furthermore, we have set up a Center of Excellence specifically dedicated to researching areas like food security and cultural awareness. These research endeavors are essential for promoting knowledge between the two regions.

By combining the resources of the Center of Excellence, our training resources, and the forthcoming local office in Dubai, we’re providing cultural awareness not only in the region but also in Australia. This approach ensures that our members are well equipped and knowledgeable boosting their effectiveness and involvement, in markets.

– What is the objective of your on-ground presence at conferences and events?

Participating in conferences and on ground events is very important for increasing awareness in industries like construction where knowledge of opportunities in the Arab world may not be widespread. When we see projects such as NEOM or notice the construction boom happening in the region it becomes important for organizations like the Chamber of Commerce to highlight these prospects. By taking part in large scale expos such as the Sydney Build Expo we position ourselves at the forefront of these advancements.

Our presence at these events enables interaction giving entrepreneurs a chance to visit our booth engage in discussions and learn more about the region in an approachable and personalized manner. This plays a role in simplifying the process and making opportunities concrete.

– With such a diverse membership base, how does AACCI tailor its services to meet the needs of both large corporations and small startups?

When it comes to discussing business it’s important to grasp how influence and vision come into play. Businesses looking to expand are often motivated by a desire to achieve something whether they are big companies or small enterprises. Small businesses typically aim to raise their brands profile while larger corporations seek recognition and market dominance.

Standing out in this area can be tough mainly because the key driving force is the passion to showcase the brand and products on a platform. This determination serves as a motivator for entrepreneurs.

At the Chamber we make a point of recognizing the needs of both big and small players by understanding each members individual situation. We ensure that every member is well informed about the opportunities and risks that come with expanding. For small businesses, this means being aware of the financial demands, while large businesses are advised on the necessity of both financial and emotional resilience.

– How does AACCI plan to expand or evolve its services in the coming years to further support its members?

The importance of having resources on the ground cannot be emphasized enough. Having local staff is key to establishing connections with the communities we serve. Without a presence in the area staying updated on events and activities becomes quite challenging.

This is why, as I’ve mentioned before, we have established an office in Dubai, staffed with personnel dedicated to supporting our members. This local office will help us effectively bridge the gap between Australia and the Arab world. And our members will benefit from insights and assistance from someone who truly knows the landscape.

In Australia we have equipped offices throughout the country staffed by individuals who play a significant role in our operations. This strong domestic network complements our efforts ensuring that we provide support to our members both locally and globally. This strategic approach is crucial, for nurturing business relationships and fostering continental understanding.



Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’

Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual

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