It attracts 57% of the total financing of these companies

Dubai is home to 39% of the region's fast-growing startups

Participants in the workshop discussed legislation, laws, regulations and financing.

From the source

The Dubai Chamber for Digital Economy, one of the three chambers operating under the umbrella of the Dubai Chambers, organized a workshop that included a number of entrepreneurs and senior executives from representatives of venture capital firms and business incubators, with the aim of supporting the sustainable growth of the digital business sector and accelerating the launch of startups in Dubai in This vital field, at a time when a report by the Chamber revealed that the emirate embraces 39% of the fast-growing startups in the Middle East and North Africa region, and it also attracts 57% of the total financing obtained by fast-growing startups (ie $5.2 billion).

Ahmed Abdullah bin Bayat, Vice Chairman of the Board of Directors of the Dubai Chamber of Digital Economy, said: “Dubai has taken accelerated steps to develop and update the legislation and guidelines necessary for the development of various areas of the digital economy, at a time when the series of digital sector workshops allows the exchange of views between the actors and stakeholders in the emirate, which confirms Our ability to represent the interests of the business community in the emirate, and enable members of the Chamber to discuss the challenges they face, present their future plans, and work to develop appropriate solutions that enhance the competitiveness of the sector and its ability to grow.

Bin Bayat added: “Dubai is famous for its support of entrepreneurs and small and medium-sized companies in various fields of innovation, technology and the digital economy.

We at the Dubai Chamber of Digital Economy realize that the most important need for this category of the business community is reliable sources of financing, as the provision of capital and support is a vital factor for the growth of startups and small and medium-sized companies that play a prominent role in the digital transformation agenda of Dubai.

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