Maktoum bin Mohammed leads Executive Council meeting, unveiling AED25 billion in fresh investment incentives.
I didn't generate the original text, so I can't rewrite it for you. However, I can help you summarize it and correct any spelling, grammar, or punctuation errors. Let's break it down: The Executive Council of Dubai has approved several new initiatives and programs to support its economic agenda and aims to become one of the top three urban economies by 2033. H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, announced the Foreign Direct Investment Development Programme, which will allocate AED25 billion over 10 years to attract investments to Dubai in support of the D33 economic agenda. The Dubai Economic Model will use 3,000 performance indicators to measure Dubai's development. The program aims to attract international companies and support existing ones, and aims to highlight Dubai’s competitive advantages. The Economic Model will use a database with more than 3,000 indicators, systems to measure economic performance, and economic reporting tools and dashboards to monitor Dubai's economic performance.Here is the revised version of the text:
The proposed tools will enable leaders and decision-makers to assess the impact of policies, evaluate performance in key sectors, enhance transparency, prioritize the rollout of new policies, and bolster consumer and investor confidence.
The model, supervised by the Department of Economy and Tourism, will analyze scenarios of economic performance indicators. The Dubai Digital Authority will develop a roadmap to activate the model by streamlining and automating data management processes and accelerating data classification. Additionally, AI tools will be utilized to enhance the economic model's capabilities.
The Executive Council of Dubai has approved a plan to develop areas around Metro stations with the goal of enriching economic opportunities, connecting modes of public transport, and improving the efficiency and convenience of sustainable transport.
The plan offers incentives for developers to utilize plots around Metro stations to enhance services, support the concept of the ‘20-minute city’, increase Metro usage, and promote sustainability and quality of life in Dubai. Key aims of the plan include increasing public transport share to 45%, reducing carbon emissions to 16 tonnes per capita, improving public spaces to encourage walking, and increasing shaded areas. The plan also aims to boost populations around stations, diversify residential, commercial, office, and service spaces around the Metro, attract users, and increase economic spaces.
The scope of the Metro station area development plan will expand from 64 stations currently operating over 84 square kilometers to 96 stations over 140 square kilometers by 2030. The plan aims to cover 140 stations over 228 square kilometers by 2040.
The Council approved the ‘Manbar’ program, which appoints local imams as part of nationalization initiatives adopted by the Department of Islamic Affairs and Charitable Activities. The program aims to double the number of citizens working in mosques, providing them with necessary skills and qualifications. It helps address the needs of the emirate’s mosques, and grants opportunities for citizens to participate in prayers, the call to prayer, and delivering Friday sermons.
The program will provide citizens with the required training, along with opportunities to sponsor and train students for permanent appointments. All participants will undergo comprehensive evaluation before and during their training.
The program supports the objectives of Dubai Social Agenda 33, particularly in fostering happy, strong, and tolerant families who are proud of their values and identity. It also aims to promote family and social stability, empower individuals, increase their economic contribution, and help them achieve financial independence.
The ‘Ghras Al Khair’ program, which empowers content creators, will collaborate with young influencers to promote society and champion the values of tolerance, harmony, cohesion, and moderation in a manner that reinforces national identity. The program will also support educational initiatives in schools and universities, along with digital awareness campaigns, in addition to launching interactive initiatives aimed at enhancing community awareness.
The program aligns with the goals of Dubai Social Agenda 33 and will help foster safety and wellbeing in communities by raising awareness of cultural core values and principles among young people.