Sheikh Hamdan Urges Dubai Economic Resilience to Counter Global Volatility

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai, has directed government departments to strengthen the emirate’s economic resilience. The directive, issued during a meeting of The Executive Council, requires officials to enhance fiscal agility and protect the local economy from the impact of shifting global financial trends. Prioritizing the D33 Economic Agenda The Crown Prince emphasized that the acceleration of the Dubai Economic Agenda (D33) remains a priority. The strategy, which aims to double the size of Dubai’s economy by 2033, serves as the primary framework for mitigating international market volatility. Sheikh Hamdan noted that the emirate's ability to maintain growth depends on its capacity to adapt to rapid changes in the global trade and investment landscape. Government entities have been tasked with identifying potential risks and developing proactive measures to ensure the continuity of economic momentum. This includes a focus on diversifying revenue streams and reducing reliance on traditional sectors that may be susceptible to global economic downturns. Focus on Digital Transformation and SMEs…