Dubai's Crown Prince Examines Financial Strategy for 2033

Dubai — His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, the Crown Prince of Dubai, convened with senior leaders from Dubai’s Department of Finance to assess the emirate’s fiscal strategy over the next ten years.

The session focused on the pivotal role that specialized financial units will play in realizing the ambitions outlined in the Dubai Plan 2033, targeting the emirate’s position among the world's top three urban economies and enhancing quality of life. The meeting underscored that the government’s financial prowess and operational efficiency are vital for reaching these extensive goals.

During the meeting, His Highness highlighted the necessity of investing in governmental talent as essential for the future preparedness of Dubai. He emphasized that the cultivation of second-line leaders equipped with advanced competencies enables the government to maintain adaptability and foster innovation. By strengthening internal capabilities, he affirmed, the city can execute major development initiatives promptly and effectively.

Additionally, the Crown Prince stressed the significance of embracing modern financial tools and strategies to align with global economic transformations. Topics of discussion included ongoing efforts such as data-driven policy-making, flexible regulatory frameworks that promote new opportunities, increasing utilization of advanced fintech solutions, and ongoing alignment with international financial standards.

The meeting also acknowledged Dubai’s recent top ranking in the forward-looking assessment of the Global Financial Centres Index, attributed to systemic progress in the financial arena. According to officials in attendance, the Department of Finance will persist in refining its strategies to nurture sustainable growth and uphold Dubai’s competitive advantages.

Concluding the meeting was a mutual commitment to enhancing collaboration among teams to ensure that Dubai's financial ecosystem remains dynamic, prepared for the future, and capable of supporting the ambitious objectives set for 2033.