About the DMO
The Public Debt Management Office(‘DMO’) was established pursuant to Law No. 8 of 2022 Regulating the Public Debt of the Government of Dubai, issued by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, in his capacity as the Ruler of Dubai.
The establishment of the DMO embodies the government's commitment to fortify its financial foundation and boost global competitiveness. The office efficiently meets the government's financing requirements and contributes to vital infrastructure projects across sectors, aligning with the leadership's vision.
Key Numbers
Below are the key figures related to public finance, specifically the indebtedness and the current year-approved budget pursuant to Law No. (20) of 2023:
Public Debt
Current Year Budget 2024
About Dubai
Dubai stands as a prominent financial and commercial hub, firmly securing its place among the world's rapidly evolving and cosmopolitan cities. As one of the seven emirates comprising the United Arab Emirates, Dubai has established itself as a pivotal player on the global stage.
Situated on the southwest corner of the Arabian Gulf, Dubai spans an area of 4,114 square kilometers, making it the second-largest city in the United Arab Emirates. This strategic location has enabled Dubai to become a key world, trade, commercial and tourism hub.
Dubai exemplifies a diverse and dynamic economic landscape; its GDP is diversified and falls into twenty economic categories, with over 95% being non-oil based.
