Dubai is aiming to lure trillions of dollars in trade and foreign direct investment over the next decade, and last week gave some initial clues as to how it will reach new lofty government targets.
The economic plan, dubbed "D33," comes as Dubai seeks to retain its role as the region's top finance and trade hub amid growing regional competition from Saudi Arabia and Qatar. It’s also seeking to compete with the likes of London and Paris as a global tourism and business destination.
In order to hit its overall target of 32 trillion dirhams ($8.7 trillion), Dubai aims to draw in billions of dollars by expanding trade ties with fast-growing economies in emerging markets, while mainly looking at old partners in the US and UK for foreign direct investment.
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