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

Hamdan bin Mohammed chairs assembly of The Govt Council of Dubai, launches new emblem 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’ undertaking

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

– “We’ve revitalised Dubai’s iconic outdated emblem and adopted it as the brand new emblem for the Authorities of Dubai”
– “The brand new emblem 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.

Through the assembly, His Highness accepted the launch of the Authorities of Dubai’s new emblem and the allocation of AED40 billion for the ‘Dubai Portfolio for Public-Non-public Partnership’ for 2024-2026. His Highness additionally accepted Dubai’s ‘Inexpensive Housing Coverage’ and the ‘Dubai Sandbox’ undertaking, designed to help 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 stated that the reconstituted Govt Council of Dubai marks the beginning of a brand new strategic part to reinforce the federal government’s operational framework and consolidate Dubai’s stature.

“The newly shaped Govt Council of Dubai will act because the driving drive and catalyst for constructive change for Dubai. It’ll play a pivotal function in guaranteeing sustainable improvement, enhancing folks’s wellbeing, and strengthening Dubai’s international standing,” His Highness stated.

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’ve revitalised Dubai’s iconic outdated emblem and adopted it as the brand new emblem for the Authorities of Dubai.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

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

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

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

AED40 billion to spice up improvement initiatives
Through the assembly, The Govt Council of Dubai accepted 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 aims outlined within the Dubai Financial Agenda, D33. These targets embrace growing authorities spending to AED700 billion, elevating non-public sector funding in improvement initiatives to AED1 trillion, and elevating overseas 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 Coverage
The ‘Inexpensive Housing Coverage’ is aligned with the targets 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 variety of housing choices appropriate for people throughout totally different revenue ranges. Moreover, it’ll facilitate the event of recent lodging for staff nearer to their workplaces, enhancing the standard of those services and guaranteeing the supply of enough companies for all segments of society.

Aligned with Dubai’s dedication to enhancing its international 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 undertaking
The ‘Dubai Sandbox’ undertaking has been accepted to help the testing and regulation of cutting-edge applied sciences in Dubai. It allows tech initiatives and assists authorities entities in implementing laws to maintain tempo with technological developments. Comprising 4 most important pillars—financial influence, strategic influence, innovation, and applicability—the undertaking goals to empower corporations and improve Dubai’s enterprise surroundings.

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

As a part of the primary package deal of 100 transformative initiatives of D33, aimed toward doubling the emirate’s economic system over the following decade and positioning Dubai as one of many world’s prime three metropolis economies, the undertaking aligns with the D33 agenda’s purpose of creating Dubai as a number one hub for innovation. This consists of areas comparable to synthetic intelligence, actual property know-how, health-tech, and inexperienced applied sciences geared towards addressing local weather change.

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