Dubai Alex Block/Unsplash

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council of Dubai, approved the launch of the Government of Dubai's new logo and allocated AED 40 billion for the "Dubai Portfolio for Public-Private Partnership" for 2024-2026.

The new logo was launched under the directives of Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai. Sheikh Hamdan also approved Dubai's "Affordable Housing Policy" and the "Dubai Sandbox" project, which will support 100 tech businesses in its starting phase.

Sheikh Hamdan commended the previous Council members for their contributions to elevate Dubai's global presence and welcomed the new members warmly.

"The newly formed Executive Council of Dubai will act as the driving force and catalyst for constructive change for Dubai. It will play a pivotal role in ensuring sustainable development, enhancing people's wellbeing, and strengthening Dubai's global standing," he said, as reported by WAM.

"We have revitalized Dubai's iconic old emblem and adopted it as the new logo for the Government of Dubai. The new logo symbolizes the emirate's visionary leadership, transformative development journey, and evolution into a city of the future," he added.

The Executive Council meeting was held at Emirates Towers, which was attended by Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, the First Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance of the UAE and Deputy Chairman of the Executive Council of Dubai.

Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Second Deputy Ruler of Dubai and Deputy Chairman of The Executive Council of Dubai, and Sheikh Ahmed bin Saeed Al Maktoum, President of the Dubai Civil Aviation Authority and Deputy Chairman of The Executive Council of Dubai, also attended the meeting.

During the meeting, the General Secretariat of the Executive Council of Dubai said that government entities will be given six months to implement the new logo.

The "Dubai Portfolio for Public-Private Partnership" will be overseen by the Department of Finance through the Dubai Digital Platforms and aligns with the Dubai Economic Agenda, D33 objectives.

These objectives involve boosting government spending to AED 700 billion, increasing private sector investment in development projects to AED one trillion, and raising foreign direct investment to AED 650 billion by 2033.

As one of the initial 100 transformative projects of D33, aiming to double the emirate's economy in the next decade and position Dubai among the world's top three city economies, this project is in line with the agenda's aim of making Dubai a prominent hub for innovation.

It focuses on various sectors like artificial intelligence, real estate technology, health tech, and green technologies to tackle climate change.