Dubai Chamber of Digital Economy has adopted a roadmap consisting of three pillars, which will be the centerpiece of the strategy that will be launched by the Chamber to enhance Dubai's position as the global capital of the digital economy.
This came at the conclusion of the Dubai Digital Economy Retreat, which was held at the Dubai International Financial Center, in implementation of the vision of Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. Dubai, according to a press release.
The participants in the Dubai Digital Economy retreat classified the recommendations into three main pillars, which will form the core of Dubai's strategy for the digital economy, namely: improving the digital business environment, developing support for digital companies, and external promotion to attract digital companies.
Omar Sultan Al Olama, Chairman of the Board of Directors of the Dubai Chamber of Digital Economy, stressed that developing the digital economy system is a priority for the next stage.
According to the latest statistics, the digital economy contributes about 4.3% of the gross domestic product in the UAE, which is equivalent to 100 billion dirhams, and there are more than 1,400 start-up companies in The state, where 1.5 billion dirhams are allocated to emerging companies, and there are also 90 investment funds in the digital sector and 12 business incubators, while the total value of startups in the country is estimated at 90 billion dirhams.
