Latest news with #Dh128
Hi Dubai
12-03-2025
- Business
- Hi Dubai
UAE's Dh128 Billion FDI Plan to Create Thousands of Jobs Across Key Sectors
The UAE's ambitious plan to attract Dh128 billion in foreign direct investment (FDI) over the next six years is set to generate thousands of jobs across manufacturing, technology, finance, healthcare, logistics, renewable energy, hospitality, and retail. Key Sectors Driving Employment Growth With the National Investment Strategy 2031 approved by the UAE Cabinet, the country aims to more than double its annual FDI inflows from Dh112 billion in 2023 to Dh240 billion by 2031. This expansion will create demand for skilled professionals in high-growth sectors: Technology & IT : AI, cybersecurity, software development, cloud computing, and digital transformation. : AI, cybersecurity, software development, cloud computing, and digital transformation. Manufacturing & Industrial Innovation : Engineers, technicians, supply chain professionals, 3D printing, and automation specialists. : Engineers, technicians, supply chain professionals, 3D printing, and automation specialists. Financial Services & Fintech : Digital banking, wealth management, credit risk analysis, and investment specialists. : Digital banking, wealth management, credit risk analysis, and investment specialists. Logistics & Transport : Skilled workforce for supply chain, warehousing, and operations. : Skilled workforce for supply chain, warehousing, and operations. Renewable Energy & Sustainability: Researchers and engineers in green energy projects. Expanding Job Opportunities Experts emphasize that large-scale infrastructure projects and an expanding digital economy will create direct and indirect job opportunities across industries. Increased investment in manufacturing will boost related sectors like construction and infrastructure, while technology-driven advancements will spur demand for specialized talent. Hamza Dweik, Head of Trading & Pricing at Saxo Bank MENA, stated that rising business activity will drive employment growth across multiple sectors, benefiting both local and global professionals seeking opportunities in the UAE's expanding economy. A Shift Toward a Knowledge-Based Economy Hassan Fawaz, Chairman of GivTrade, highlighted that the UAE's strategy fosters long-term career prospects in emerging industries, reducing reliance on traditional sectors. Meanwhile, Vijay Valecha, Chief Investment Officer at Century Financial, pointed out that increased FDI will encourage entrepreneurship, attracting a skilled workforce and bolstering the UAE's position as a global investment hub. With a focus on economic diversification beyond oil, the UAE's FDI-driven job creation will accelerate the transition toward a resilient, knowledge-based economy, positioning the nation as a leader in global business and innovation. News Source: Khaleej Times
Khaleej Times
30-01-2025
- Business
- Khaleej Times
'Dubai is world's airport': Sheikh Mohammed marks 10 years of DXB as busiest international hub
DXB has been the world's biggest international airport over the past decade and Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, said on Thursday that Dubai is "the airport of the world." "Over the past 10 years, Dubai International Airport welcomed more than 700 million passengers and was the busiest international airport with 3.3 million air movements according to Airports Council International," Sheikh Mohammed said. "Dubai is the airport of the world and a new world in the aviation sector," he added. Stay up to date with the latest news. Follow KT on WhatsApp Channels. Over the last 10 years, DXB welcomed 770 million passengers and is the busiest international airport in the world with 3.3 million air movements, according to Airports Council International. The state-of-the-art facility welcomed a whopping 92 million passengers, last year alone and witnessed 440,000 air movements with 106 airlines and flights to 272 cities in 107 countries around the world. Apart from DXB, Dubai also has the Al Maktoum International Airport, which had initially opened for cargo operations in 2010 but now includes passenger flights since 2013. And the aviation landscape in Dubai is set to expand further with a new terminal set to come up at Al Maktoum International Airport. At an estimated cost Dh128 billion, the expansion will see five parallel runways come up and feature 400 aircraft gates within a total area of 70 square kilometres. "Over the next 10 years, Dh128 billion will be spent to reshape the international aviation landscape," Sheikh Mohammed said. The Dubai Ruler had approved the designs for the new passenger terminal in April last year with construction beginning immediately. Once completed, the Al Maktoum International Airport will be five times the size of the current Dubai International Airport. All operations from DXB will gradually be transferred to the Al Maktoum International Airport.
