Media

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, today launched the Dubai Creative Economy Strategy, which aims to double the creative industries’ GDP contribution to 5% of Dubai’s economy by 2025, from 2.6% at the end of 2020.

The new strategy seeks to more than double the number of creative companies based in Dubai from 8,300 to 15,000 within the next five years, and more than double the number of creators based in the emirate, from 70,000 to 140,000.

To achieve its goals, the Dubai Creative Economy Strategy includes upgrading the legal and investment environment needed to spur the growth and prosperity of creative industries in Dubai, to enhance the emirate’s attractiveness to creators, investors and entrepreneurs as well as local, and global investments in creative industries. This will contribute to transforming Dubai into a global capital for the creative economy, a direct translation of the forward-looking vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, and an implementation of Dubai Plan 2021 which aspires to elevate Dubai’s leading role as a global hub in a variety of economic, financial, and business sectors. Dubai Plan 2021 provides a roadmap for the future of the emirate through a comprehensive perspective to ensure the creation of a happy society that fulfils the aspirations and dreams of its citizens and residents.

The concept of a creative economy covers broad and varied fields including publishing, writing, audio-visual and print media such as cinema, music and video, as well as artistic and cultural industries, cultural heritage museums, historical sites, archives, major cultural events, libraries, and the software and videogame industry. It also includes design in all of its many variations, whether related to fashion, gaming, software, or architecture – those industries where creative minds can produce new and exciting concepts.