Dubai adopts three-year budget cycle from 2020

WAM

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 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.  

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