Dubai is in pursuit to become the global digitalized economy hub within the forthcoming years

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  • is all in the pursuit for having a podium that will shift Dubai’s transitional shift into a universal or globalized technology hub.
  • Recently as per the wordings stated by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, the Vice President as well as the Prime Minister of UAE as well as the Ruler of Dubai, stated recently that the primary motive of Dubai is to get itself positioning as well as re-emerging it as the pivotal hub for designing the future of the globalized digital economy.
  • The blueprint of the Dubai’s futuristic initiative was showcased recently as for shifting itself into a universal technology hub and creation of a global-class digital infrastructure, the Vice President stated the newly set up Dubai Chamber of Digital Economy would prove to act as a dominant role in the accomplishment of this mission.

Sheikh Mohammed stated out that the Digital Economy Chamber would be enabling out the Dubai’s revolution into a universal technology hub and aid the emirate for appealing out the foremost investments in the E-commerce and emerging technologies.

He agreed that the board of directors and the advisory council of Dubai Chamber of Digital Economy, which was freshly formed as part of three new chambers, under a principal Dubai Chambers, to power out an all-inclusive economic progress in Dubai and enhancement of its outlook as a global business hub.

“We aim to position Dubai as a major hub for designing the future of the digital economy. Our efforts in the coming phase will be dedicated to developing new high-tech tools and leading successful experiences in the digital sector”, said Sheikh Mohammed.

Chaired by Omar Sultan AlOlama, the Dubai Chamber of Digital Economy’s board include Ahmad bin Byat, Hamad Obaid Al Mansoori, Khalid Al Tayer, Rashid Al Ghurair, Fadi Ghandour, Mona Ataya, Rashid Mohamed Alabbar, Ronaldo Mouchawar, Mudassir Sheikha, Mansour Al Habtoor, Elissa Freiha, Dany Farha and Hind Seddiqi.

Members of the chamber’s advisory council are: Pavel Durov, Guillaume Pousaz, Alexander Tamas, Divyank Turakhia, Christoph Rich, Ahmad Abdulkarim Julfar, Jack Selby, Bhavin Turakhia, Rabea Ataya, Ryan Mahoney, Karl Magnus Olsson, Fahad Al Hassawi, Mohamad Ballout, Walid Hanna, Michael Lahyani, Philip Bahoshy, Haider Ali Khan, Hosam Arab, Wesam Lootah, Joe Abi Akl, Younus Al Nasser, Faisal Rehman, Farid Faraidooni, Majed Sultan Al Mesmar, Mostafa Kandil, Talal Tabbaa, Talal Bayaa, Arjun Mohan, Osman Sultan, Muhammed Yesilhark, Sayed Hashish, Vinod Krishnan, Hussein Freijeh, Jiawei Liu, 6Ali Khanafer, Ali Matar, Mohammed Asfour, Amit Jain, Azzam Alameddin, Noor Sweid and Raja Al Mazrouei.

At the present scenario, there are an overall 90 investment funds within the digitalized arena as well as there are approximately 12 Business Incubators within the UAE.

The Nation also at present scenario is a host for 1,400 SMEs, having a total net worth of Dh100Billion, receiving a Dh1.5Bn funding.

Al Olama said Dubai’s drive towards generating growth-friendly atmosphere for the digital economy is in progress with beginning of the Dubai Internet City, the initial specialized technology hub in the territory, back in 1999. The city currently hosts giant tech businesses globally that principally contribute to the emirate’s digital economy.

“Dubai Government has since spearheaded pioneering initiatives including the e-government, smart government and Dubai future accelerators, leading up to establishing a chamber dedicated to strengthening the role of the digital economy in Dubai. All of these elements help establish the solid basis of an agile, competitiveness and innovation-based economy”, AlOlama stated.

He also added out that the chamber would launch projects and initiatives to strengthen Dubai’s role as a hub for technology and innovation. “Investing in digital solutions and emerging technologies will create new opportunities and boost Dubai’s competitiveness.”

In a statement, Dubai’s Executive Office stated out that the Dubai Chamber of Digital Economy is focussed with the core aim of transitioning the Middle Eastern hub Dubai into a global technology hub and structuring it as an advanced digital infrastructure; fascinating global investment in E-commerce and digital technologies; offering incentives and amenities to charm talents and entrepreneurs in advanced technologies globally; all setting the core priorities and aims for the digital economy in Dubai and steering regular assessments to identify gaps and progress prospects of the digital economy sectors in Dubai; and accelerating digital technology adoption in social and economic activities to meet global trends.

“The chamber’s responsibilities also include proposing policies and legislations to advance the role of the digital economy in Dubai; collaborating with global companies and institutions to develop digital development strategies in line with future technological trends; building a network of relationships with local and international tech entrepreneurs and investment funds; boosting the competitiveness of companies; launching projects, studies and conferences to discuss the growing opportunities of the digital economy sector; and supporting the emirate’s digital transformation”, the statement stated it out.

Sheikh Mohammed has permitted the restructuring of the Dubai Chamber of Commerce into three discrete entities under an all-encompassing Dubai Chambers.

“With discrete tasks and functions, Dubai Chamber of Commerce, Dubai International Chamber and Dubai Chamber of Digital Economy will operate in tandem, under an all-inclusive strategic vision, to power out a wide-ranging economic progress in Dubai within the 50-year development plan.

“They will advance Dubai’s foreign trade, support Dubai-based regional and international companies across different sectors and create new investment opportunities in the digital sector,” the statement stated out.

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