In 2020, the UAE launched the Dubai Future District, the largest Middle Eastern space focused on developing the future economy, connecting key business landmarks and offering support for entrepreneurs. The initiative includes ten key projects such as a dedicated economy fund, residency office for innovators, and a stock exchange for future economy companies. This transformation aims to position Dubai as the world's capital of the new economy, aligning with a five-year agenda to stimulate economic growth through new sectors and partnerships.

1. Dubai Future District
2019 was a significant year for UAE, with numerous new policies, amendments and
developments. 2020 is not going to be any different; it is going to be the beginning of
a huge developmental leap. The year has just begun, and the government of the
country has announced the launch of a new space dedicated to the development of
the future economy. Titled ‘Dubai Future District’, the space will be Middle East’s
biggest future economy-focused district.
Dubai Future District will connect DIFC, Emirates Towers & Dubai World Trade Centre,
and will house an economy research centre, incubators & accelerators and an
innovative space for future economy pioneers.
The new district will boost the business sector of the country and will provide various
financing and legislative facilities and options for businesses.
According to His Highness Sheikh Mohammed bin Rashid Al Maktoum, “Dubai will
become the world’s capital of the new economy. The new economy will be a major
focus on the 50 goals agenda that we seek to achieve in the next five years. The Dubai
Council will focus on opening new economic sectors for the emirate and transform its
existing sectors. We aim for a major shift in Dubai’s foreign trade through stimulation
and revitalisation with continuous development of all its logistical, legislative and
service tools, in addition to building new international partnerships.”
Ten initiatives that intend to support the economy of the future, have been
announced. The first one is the Dubai Future Economy Fund, wherein an amount of
AED 1 billion will be dedicated to future economy entrepreneurs in Dubai.
Tech startups will need support in the initial stage of their business and this will fund
will be beneficial for them to avail the facilities they need.
An office for future economy companies will be established as part of the second
initiative and the office will be responsible for issuing special five-year residency visas

2. to future entrepreneurs, licenses for innovative projects and many more such
initiatives.
The third initiative makes it possible for future economic entrepreneurs to obtain
legislative licenses, with which they can test their innovations in designated areas.
Future economy pioneers can make use of available housing options at a lesser price,
and this will be the fourth initiative. While the fifth initiative will offer a unified
platform for entrepreneurs, experts and investors in the future economy.
The sixth initiative promises a stock exchange for future economy companies, that will
make it easier for them to obtain financing. A space for future economy companies’
incubators and accelerators will be developed as part of the seventh initiative. The
space will be the largest incubator of its kind in the MENA region.
A Future Economy Research Centre that will provide a platform for scientific research
will be the eighth initiative and the ninth initiative is a programme that intends to
consolidate the culture of entrepreneurship and inspire students to start economy
companies.
As a part of the tenth and last initiative, various global events and conferences will be
hosted. This will provide future economy leaders the opportunity to explore growth
prospects and present their projects before a vast audience.
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3. Dubai Future District
HLB HAMT
Level 18, City Tower-2,
Sheikh Zayed Road
PO Box 32665
Dubai – United Arab Emirates. Tel: +971 4 327 7775
E-mail: dubai@hlbhamt.com
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