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Dubai Executive Council Approves 18 Billion-Dirham Spending Plan
The plan funds business reforms, an Islamic finance center, and a new highway. It coincides with Emaar's $54 billion Dubai Estate project and an Emirates ad campaign.
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Dubai’s executive council approved an 18 billion-dirham ($4.9 billion) spending plan on July 6, 2026. The measures include cutting red tape for new businesses, establishing an Islamic finance technology center, and constructing an elevated highway parallel to Sheikh Zayed Road. ” Semafor reported the plan aims to improve the city’s attractiveness after economic effects from the Iran war.
Emaar Properties is advancing its $54 billion Dubai Estate project, described as a city within a city. Dubai Holding became Emaar’s largest shareholder in May 2026, AGBI reported.
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