Dubai approves new plan to attract more big name global digital firms

The board of Dubai Chamber of Digital Economy has approved its strategy for the next three years to attract more global digital companies to the emirate.

The new strategy, which also aims to enhance digital business infrastructure and support, complements the vision of Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai, to promote Dubai as a global capital of digital economy.

The board also ratified the 2022 budget for Dubai Chamber of Digital Economy and defined the responsibilities of four newly formed committees – the Digital Economy Finance Action Committee; Digital Talent Action Committee; Network and Ecosystem Action Committee; and Government Coordina-tion, Regulation, and Infrastructure Action Committee.

Chairman Omar Sultan Al Olama said: “Approving the Chamber’s strategy and budget is part of our efforts to speed up the full implementation of the ambitious vision Sheikh Mohammed bin Rashid Al Maktoum has set, which strives to build the future of the digital economy today and cement Dubai’s position as a preferred market for foreign digital investments and top tech talent.

“The new strategy lays the groundwork for a series of new initiatives and plans we have in the pipeline, he added as he revealed new plans to attract 300 digital start-ups to Dubai within two years.

The strategy will propose improvements and changes to laws and policies that will support the growth of the digital economy while also organising an international conference on the new digital economy and enhancing the business environment to attract global digital firms.

“The digital economy is the economy of the future. Investing in it promotes economic growth and boosts Dubai’s competitiveness as one of the world’s leading economic centres.”

He added: “The private sector is the most capable partner in our plans to turn our goals into a concrete, mutually beneficial reality. Dubai Chamber of Digital Economy is working closely with public and private sector stake-holders across various sectors to ensure the success of the new strategy.”

Last year, Sheikh Mohammed approved the restructuring of Dubai Chambers into three Chambers – the Dubai Chamber of Commerce, Dubai International Chamber, and Dubai Chamber of Digital Economy.

The decision aimed to enable the three chambers to adopt a specialised approach to better serving the business community, support traditional economic sectors.

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