Dubai Chamber of Digital Economy, one of the three chambers operating under Dubai Chambers, has announced a new initiative to help tech companies set up and scale up in Dubai.
The initiative will provide a comprehensive package of services designed to support tech and digital startups, SMEs, and multinational corporations planning to set up their businesses in Dubai.
The initiative was announced during a ceremony held today at Dubai Chambers' headquarters in the presence of His Excellency Omar Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications, and Chairman of the Dubai Chamber of Digital Economy, and Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, with the participation of His Excellency Dr. Mohammed Al Zarooni, Executive Chairman of Dubai Integrated Economic Zones Authority (DIEZ), and Amna Rashed Lootah, Board Member of Dubai Commercity.
During the event, the chamber signed Memorandums of Understanding (MoUs) for strategic partnerships with several companies in support of the initiative. Agreements were inked with Dubai CommerCity, Safexpay, e&, and Telr. The chamber is planning to enter into agreements with additional strategic partners ahead of the launch of the platform in September.
His Excellency Omar Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications, and Chairman of the Dubai Chamber of Digital Economy, stated that the initiative aligns with Sheikh Mohammed bin Rashid Al Maktoum's vision to enhance business ease and access to services. The goal is to attract 300 digital startups to Dubai by 2024 and solidify its position as a global digital economy hub.
His Excellency Dr. Mohammed Al Zarooni, Executive Chairman of Dubai Integrated Economic Zones Authority (DIEZ), emphasized their commitment to fostering innovation and supporting the UAE's digital economic growth at Dubai CommerCity, the first free zone dedicated to digital commerce.
The new initiative will offer convenient access to a range of services companies need to set up in Dubai, creating a ‘one-stop shop’ for licensing services, banking solutions, office space, cloud services, and other key requirements.
The chamber’s strategy (2022 – 2024) is focused on improving the digital business environment, developing support for digital companies, and attracting international digital businesses, with the goal of positioning the emirate as one of the world’s most agile and diversified technology-enabled digital hubs. Dubai Chamber of Digital Economy plays an instrumental role in cementing Dubai’s digital leadership position, as reflected in its recent success in attracting 30 digital startups during the first quarter of 2023.
Dubai Chamber of Digital Economy is consistently working to amplify the success of Dubai’s digital ecosystem by hosting international roadshows and events to attract start-ups and global unicorn companies to the emirate. It has also launched several landmark initiatives to serve as a catalyst for digital growth, including hosting events and partnering with the renowned Expand North Star platform to bring hundreds of startups together with investors and other key stakeholders.
Building on these achievements, the chamber is preparing to organize the ‘Expand North Star’ summit, the world’s largest event dedicated to startups. The summit will be held in Dubai from 15 - 18 October and is expected to attract more than 1,400 exhibitors and 1,000 investors. Expand North Star will contribute to enhancing the momentum of entrepreneurship by connecting innovators and technology pioneers from across the globe with government partners, investors, and business accelerators.
News Source: Dubai Media Office
