Dubai plans to attract 300 digital startups

Dubai plans to attract 300 digital startups

The Board of Directors of Dubai Chamber of Digital Economy held its first meeting of 2022 recently, where members approved its strategy for the 2022-2024 period to enhance digital business infrastructure and support and attract global digital companies to Dubai.

“Approving the Chamber’s strategy and budget is part of our efforts to speed up the full implementation of the ambitious vision His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, Ruler of Dubai, 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,” said H.E Omar Sultan Al Olama, Chairman of Dubai Chamber of Digital Economy.

“The new Strategy lays the groundwork for a series of new initiatives and plans we have in the pipeline,” H.E. Sultan Al Olama explained, citing new plans to attract 300 digital startups to Dubai within two years; propose improvements and changes to laws and policies  that would support the growth of the digital economy; organise an international conference on the new digital economy; promote digital transformation across national companies; and enhance the business environment to attract global digital firms.

“The digital economy is the economy of the future,” H.E. asserted. “Investing in it promotes economic growth and boosts Dubai’s competitiveness as one of the world’s leading economic centres. The forward-looking, future-driven vision of H.H. Sheikh Mohammed bin Rashid Al Maktoum to advance the digital economy and firmly embed it into the emirate’s existing economic infrastructure is the mantra to be followed throughout the next stages of our sustainable development.”

H.E. Sultan Al Olama concluded by underlining the importance of maintaining a solid partnership between the public and private sectors in order to achieve the Strategy’s objectives. “The private sector is the most capable partner in our plans to turn our goals into a concrete, mutually beneficial reality,” H.E. explained, stressing that Dubai Chamber of Digital Economy is working closely with public and private sector stakeholders across various sectors to ensure the success of the new strategy.”

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