Omar Al Olama: We are putting the final touches on an integrated roadmap for the digital economy

Dubai Chamber: Double the number of digital companies in the emirate within a few years

Al Olama during his presidency of the first meeting of the Board of Directors of the Dubai Chamber of Digital Economy.

From the source

Omar bin Sultan Al Olama, Chairman of the Board of Directors of the Dubai Chamber for Digital Economy, said that the Dubai Chamber for Digital Economy is currently putting the final touches on an integrated roadmap, covering the next phase, and based on several pillars, most notably devoting efforts to double the number of digital companies incubated by the Emirate of Dubai within a period of time. Few years, and strengthening the emirate's position as an incubating and supportive environment for digital companies around the world.

In detail, the Board of Directors of the Dubai Chamber for Digital Economy, one of the three chambers under the newly formed Dubai Chambers umbrella, held its first introductory meeting at the Chamber’s headquarters, to discuss the development and promotion of the competitiveness of the digital economy of the Emirate of Dubai, and its ability to attract investors and qualitative investments in vital sectors. for the digital economy.

The meeting was chaired by Omar bin Sultan Al Olama, Chairman of the Board of Directors of the Dubai Chamber for Digital Economy, in the presence of Ahmed Abdullah bin Bayat, Hamad Obaid Al Mansouri, Khaled Ahmed Al Tayer, Rashid Abdullah Al Ghurair, Fadi Ghandour, Mona Ataya, Rashid Mohammed Al Abbar, Ronaldo Mushawar and Mudassir Sheikha , Mansour Al Habtoor, Elissa Freiha, Danny Farha and Hend Seddiqi. The meeting was also attended by the Director General of the Dubai Chamber, Hamad Mubarak Buamim.

During the meeting, Ahmed Abdullah bin Bayat was chosen as Vice Chairman of the Dubai Chamber of Digital Economy.

Council members reviewed a number of plans and strategies to achieve the vision and directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to consolidate Dubai's position as a global center for the digital economy. development for the next fifty years.

Omar bin Sultan Al Olama pointed out that the next stage requires concerted efforts and a focus on priorities to establish an advanced infrastructure and a stimulating environment that serves the requirements for developing the digital economy in Dubai, and enhances the emirate’s competitiveness as a global hub that embraces local, regional and global companies specialized in digital technologies.

He pointed out that the Dubai Chamber for Digital Economy is currently putting the final touches on an integrated roadmap that covers the next stage, and is based on several pillars, most notably devoting efforts to double the number of digital companies incubated by the Emirate of Dubai within a few years, and enhancing the emirate's position as an incubator and supportive environment for digital companies around the world .

He stressed that the roadmap for the next phase will also focus on attracting talent, paying attention to the quality of these talents, and ease of access to them, and encouraging them to join the business environment in Dubai, and making the emirate a base for its activities in global markets, indicating that the Chamber is keen to consolidate Dubai's current position as a leader in the field of The digital economy in the region, and strengthening this position to become the global capital of the digital economy.

Al Olama continued: “Dubai is full of many success stories of companies, which have become an inspiring model and an example for many companies and entrepreneurs, such as Souq.com, Careem and others.

Dubai is the seat of the largest corporate acquisitions in the region, and we can say that this pattern is increasing rapidly, and we will dedicate our efforts to making Dubai the destination and home of the most important success stories of digital companies in the world.”

Chamber responsibilities and tasks

The responsibilities and tasks of the Dubai Chamber for Digital Economy include transforming the Emirate of Dubai into a global center for the digital economy, attracting international investments in the digital trade and industry sectors, attracting businessmen, companies and global talents in the field of advanced technology, providing them with the necessary facilities, and accelerating the adoption of digital technologies in economic and social activities in The emirate, in line with global trends, and proactively embracing modern technologies.

digital economy

According to the latest statistics, the digital economy contributes to about 4.3% of the UAE's GDP, which is equivalent to 100 billion dirhams.

There are more than 1,400 startups in the country, with 1.5 billion dirhams allocated to startups.

There are 90 investment funds in the digital sector, and 12 business incubators.

The total value of startups in the country is estimated at 90 billion dirhams.

It is noteworthy that the formation of the three chambers aims to support international trade and the digital economy, through a five-year plan to increase the volume of Dubai's foreign trade, from 1.4 trillion dirhams, to 2 trillion dirhams by 2026.

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