Dubai has a new plan for economic growth. The Dubai Strategic Plan – 2015 (DSP) calls for Dubai to reach a GDP of at least $108 billion and increase per capita GDP to US$44,000 by the year 2015.
“When I announced my Vision for Dubai, in the year 2000, I spoke of economic
aims for the year 2010. The reality is that not only have these aims been realized but they have been realized in half the time,” said His Highness Sheikh Mohammed Bin Rashid Al Maktoum, vice president and prime minister of the United Arab Emirates and ruler of Dubai who recently unveiled the plan. “In the year 2000 the plan was to increase GNP to 30 billion U.S. dollars by 2010. In 2005 that figure was exceeded, with GNP reaching 37 billion U.S. dollars. The plan also included an increase in income per capita to US$23,000 by the year 2010. In 2005 the average income per capita reached US$31,000. In other words, we realized, in five years, economic achievements beyond those which were planned for a 10-year period”
Themed “Dubai…Where the Future Begins,” the Dubai Strategic Plan will integrate the operations of all government divisions and develop those economic sectors that have been critical to Dubai properties rapid growth since the year 2000. The plan focuses on five key areas: economic development; social development; infrastructure, land and environment; security, justice and safety; and public sector excellence.
The land and environment are central to the new plan as well as public health. All new development projects will have to incorporate environment-friendly solutions such as greater use of public transportation.