Sunday, July 21, 2024
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Sunday, July 21, 2024
Today's News

UAE’s digital economy to reach $140bn in 2031: Dubai Chamber of Digital Economy

UAE’s digital economy to reach $140bn in 2031: Dubai Chamber of Digital Economy

The chamber’s strategies consist of drawing in 300 digital startups and 100 technology specialists to Dubai by 2024

Dubai Chamber of Digital Economic climate, among 3 chambers operating under Dubai Chambers, has actually released a record outlining strategies to establish the emirate’s digital economic climate

The report forecasts the nationwide digital economic situation will certainly get to $140bn in 2031 from $38bn today, reported state information firm WAM.

The study highlights the value of the chamber’s efforts and cooperation with stakeholders to establish Dubai as the following digital economic climate capital of the world. It lays out Dubai’s digital economy startups and also the emirate’s setting as a future electronic resources.

The chamber’s strategies consist of attracting 300 digital start-ups and also 100 tech professionals to Dubai by 2024, enhancing legislations and plans, arranging a meeting, promoting electronic makeover, and enhancing the business environment to attract global digital firms.

Doubling the digital economy

Omar Sultan Al Olama, Minister of State for Expert System, Digital Economy, and Remote Work Applications, chairman of Dubai Chamber of Digital Economy, stated the objective of increasing the contribution of the digital economic climate to the UAE’s GDP from 9.7 per cent to over 20 per cent by 2031 mirrors Dubai’s aspiration to be an essential technology hub, according to WAM.

He stressed the relevance of developing a first-rate digital infrastructure as well as sustaining the dynamic start-up environment to drive electronic change as well as lasting service development.

Al Olama additionally stressed the importance of raising understanding regarding difficulties as well as future trends as well as highlighting the role of electronic improvement in driving sustainable company development.

In various other information, Dubai Chamber of Commerce has actually announced brand-new organization teams for four economic sectors: agribusiness, furnishings and also home furniture, blossom investors, and also tyre traders.

The chamber, which operates under Dubai Chambers, prepares to boost the number of sector-specific company support system to 100 by March 2023.

Last Updated:  01 February 2023

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