Hamdan bin Mohammed chairs meeting of The Executive Council of Dubai, launches new logo for the Government of Dubai

Hamdan bin Mohammed chairs assembly of The Govt Council of Dubai, launches new brand for the Authorities of Dubai

– His Highness allocates AED40 billion for the ‘Dubai Portfolio for Public-Non-public Partnership’- His Highness approves Dubai’s ‘Inexpensive Housing Coverage’ and ‘Dubai Sandbox’ mission

Hamdan bin Mohammed: The reconstituted Govt Council of Dubai marks the beginning of a brand new strategic part to boost the federal government’s operational framework and consolidate Dubai’s stature

– “We now have revitalised Dubai’s iconic previous emblem and adopted it as the brand new brand for the Authorities of Dubai”- “The brand new brand symbolises the emirate’s visionary management, transformative improvement journey, and evolution right into a metropolis of the longer term”

Beneath the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Govt Council of Dubai, presided over the primary assembly of The Govt Council of Dubai, following its current reconstitution.

In the course of the assembly, His Highness authorised the launch of the Authorities of Dubai’s new brand and the allocation of AED40 billion for the ‘Dubai Portfolio for Public-Non-public Partnership’ for 2024-2026. His Highness additionally authorised Dubai’s ‘Inexpensive Housing Coverage’ and the ‘Dubai Sandbox’ mission, designed to assist 100 tech ventures in its preliminary part.

Sheikh Hamdan praised the efforts of the previous Council members in bolstering Dubai’s place on the worldwide stage and prolonged a heat welcome to the brand new members. He mentioned that the reconstituted Govt Council of Dubai marks the beginning of a brand new strategic part to boost the federal government’s operational framework and consolidate Dubai’s stature.

“The newly fashioned Govt Council of Dubai will act because the driving power and catalyst for constructive change for Dubai. It’ll play a pivotal function in guaranteeing sustainable improvement, enhancing individuals’s wellbeing, and strengthening Dubai’s world standing,” His Highness mentioned.

The assembly, held at Emirates Towers, was attended by His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance of the UAE, and Deputy Chairman of The Govt Council of Dubai; His Highness Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Second Deputy Ruler of Dubai and Deputy Chairman of The Govt Council of Dubai; and His Highness Sheikh Ahmed bin Saeed Al Maktoum, President of the Dubai Civil Aviation Authority and Deputy Chairman of The Govt Council of Dubai.

“We now have revitalised Dubai’s iconic previous emblem and adopted it as the brand new brand for the Authorities of Dubai. The brand new brand symbolises the emirate’s visionary management, transformative improvement journey, and evolution right into a metropolis of the longer term,” His Highness mentioned.

The federal government’s id goes past the emblem, encompassing devoted groups dedicated to serving and working below a tradition of effectivity and excellence, His Highness famous. “These groups are a supply of nice satisfaction and characterize the cornerstone of Dubai’s success as a number one world metropolis and a number one vacation spot for residing and dealing, HH Sheikh Hamdan added.

His Highness directed the Normal Secretariat of The Govt Council of Dubai to supervise the fast implementation of the brand new brand throughout Dubai’s Authorities entities. Along with adopting the brand new brand, entities will retain their particular person logos to replicate their distinctiveness.

The Normal Secretariat of the Govt Council of Dubai mentioned that authorities entities shall be granted a six-month transition interval to implement the brand new brand.

AED40 billion to spice up improvement initiativesIn the course of the assembly, The Govt Council of Dubai authorised AED40 billion for the ‘Dubai Portfolio for Public-Non-public Partnership’. Overseen by the Division of Finance via the Dubai Digital Platforms, the portfolio aligns with the targets outlined within the Dubai Financial Agenda, D33. These objectives embody rising authorities spending to AED700 billion, elevating personal sector funding in improvement initiatives to AED1 trillion, and elevating international direct funding to AED650 billion by 2033.

Since its launch in 2021, the portfolio has seen progress in each its worth and the variety of public-private partnership initiatives. Initially comprising 30 initiatives in sectors comparable to infrastructure, public transport, and concrete improvement, valued at over AED25 billion, it underscores the essential function of personal corporations as strategic companions within the emirate’s improvement.

Inexpensive Housing CoverageThe ‘Inexpensive Housing Coverage’ is aligned with the objectives of Dubai’s 2040 City Grasp Plan, which goals to foster vibrant and wholesome communities by offering various job alternatives and addressing housing wants.

This coverage will cater to varied segments of society, providing a spread of housing choices appropriate for people throughout totally different revenue ranges. Moreover, it can facilitate the event of latest lodging for staff nearer to their workplaces, enhancing the standard of those services and guaranteeing the availability of sufficient providers for all segments of society.

Aligned with Dubai’s dedication to enhancing its world standing as a number one vacation spot for residing and dealing, the coverage seeks to strengthen social cohesion and enhance city improvement. A number of entities, together with Dubai Municipality, the Roads and Transport Authority, Dubai Land Division, and Dubai Electrical energy and Water Authority, are concerned in implementing the coverage.

Dubai Sandbox missionThe ‘Dubai Sandbox’ mission has been authorised to assist the testing and regulation of cutting-edge applied sciences in Dubai. It permits tech initiatives and assists authorities entities in implementing laws to maintain tempo with technological developments. Comprising 4 predominant pillars—financial impression, strategic impression, innovation, and applicability—the mission goals to empower corporations and improve Dubai’s enterprise atmosphere.

In collaboration with Dubai’s Division of Financial system and Tourism and the Dubai Future Basis, the mission focuses on establishing a standardised governance and regulatory framework for innovation. The ‘Dubai Sandbox’ mission will speed up the expansion of start-ups primarily based in Dubai, significantly in expertise and rising sectors, fostering an entrepreneurial tradition and facilitating entry to funding. Moreover, it seeks to have a global impression by integrating with the worldwide innovation ecosystem.

As a part of the primary package deal of 100 transformative initiatives of D33, geared toward doubling the emirate’s financial system over the subsequent decade and positioning Dubai as one of many world’s high three metropolis economies, the mission aligns with the D33 agenda’s aim of building Dubai as a number one hub for innovation. This consists of areas comparable to synthetic intelligence, actual property expertise, health-tech, and inexperienced applied sciences geared towards addressing local weather change.

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