Dubai adopts three-year budget cycle from 2020

Sunday, 29 December 2019 14:24

The Dubai Ruler has approved AED 196 billion for a three-year budget cycle - from 2020 to 2022 - for the emirate of Dubai.

His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, also approved the emirate's largest-ever annual budget, worth AED 66.4 billion, for 2020.

It's aimed at stimulating the macro economy and help make Expo 2020 Dubai a very special edition.

The budget for the financial year 2020 is the largest in the history of #Dubai, at AED66.4 billion, to meet the emirate's aspirations to stimulate the overall economy and establish @Expo2020Dubai as one of the most prominent editions to be held in the history of the World Expo. pic.twitter.com/jgZHdKzgeH
— Dubai Media Office (@DXBMediaOffice) December 29, 2019

The 2020 budget will mark 46 per cent towards infrastructure and transportation sector and 30 per cent for the social development sector.

A total of 19 per cent will be set aside for security, justice and safety, and 5 per cent towards creativity, innovation and scientific research.

More from Business

World Laureates Summit opens in Dubai

The World Laureates Summit opened on Sunday in Dubai, bringing together more than 150 scientists and participants, including Nobel Prize laureates and recipients of the world’s most prestigious scientific awards, alongside leaders of research institutions and policymakers from around the globe.
UAE, Austria explore ways to boost trade, investment ties

Dr. Thani bin Ahmed Al Zeyoudi, Minister of Foreign Trade, has welcomed Beate Meinl-Reisinger, Austrian Minister for European and International Affairs, and Austrian business executives, to a roundtable aimed at enhancing private sector collaboration between UAE and Austrian companies.
RAKEZ records strong growth in 2025, welcoming 19,000 new companies

Ras Al Khaimah Economic Zone (RAKEZ) recorded another year of strong performance in 2025, with 19,000 new companies joining its growing business community.
UAE's non-oil foreign trade exceeds AED3.8 trillion in historic first

The UAE's non-oil foreign trade has exceeded AED 3.8 trillion ($1 trillion) for "the first time in its history", His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, announced on Saturday.