Join our Waitlist for Expert Advice!

Dubai Chamber Of Digital Economy Plans To Attract 300 Digital Startups Within The Next Two Years The Dubai Chamber of Digital Economy has approved a new strategy that will boost Dubai's competitiveness as one of the world's digital economy centres.

You're reading Entrepreneur Middle East, an international franchise of Entrepreneur Media.

Dubai Chamber
The Dubai Chamber of Digital Economy's first 2022 board meeting

The Dubai Chamber of Digital Economy announced in January that it has held its first board meeting of 2022, where its Board of Directors approved the strategy for the years running from 2022 to 2024.

Aligned with the vision of H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to promote Dubai as a global digital economy hub, the newly approved strategy aims towards improving existing digital business infrastructure, as well as attracting global digital firms and startups to Dubai.

"The new strategy lays the groundwork for a series of new initiatives and plans we have in the pipeline," said H.E. Omar Sultan Al Olama, Chairman of Dubai Chamber of Digital Economy. "Investing in the digital economy 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. Omar Sultan Al Olama, Chairman of Dubai Chamber of Digital Economy, led the Dubai Chamber of Digital Economy board meeting. Source: Dubai Chamber

The 2022 budget for the Dubai Chamber of Digital Economy was also approved during the meeting. Additionally, it also saw the confirmation of responsibilities for four newly-created committees, including the Digital Economy Finance Action Committee, the Digital Talent Action Committee, the Network and Ecosystem Action Committee, and the Government Coordination, Regulation, and Infrastructure Action Committee.

In the meeting, H.E. Al Olama also elaborated on the plans to attract 300 digital startups to Dubai within the next two years, and proposed certain changes to existing policies to support the digital economy's growth. Plans on organizing an international conference on the new digital economy, in addition to promoting digital transformation across local companies were also discussed. "The private sector is the most capable partner in our plans to turn our goals into a concrete, mutually beneficial reality," H.E. Al Olama added, as he stressed upon the need for more efficient partnerships between the public and private sectors in order to achieve the new strategy's objectives.

Among the board members who convened at the meeting were H.E. Ahmad Abdullah bin Byat, Vice Chair of Dubai Chamber of Digital Economy, H.E. Hamad Buamim, President and CEO of Dubai Chambers, H.E. Hamad Obaid Al Mansouri, Director General of Digital Dubai, Khaled Ahmed Al Tayer, CEO of Al Tayer Insignia, Rashid Abdulla Al Ghurair, Fadi Ghandour, founder of Aramex, Mona Ataya, co-founder and CEO of Mumzworld, Hend Seddiqi, Chief Marketing and Communications Officer at Seddiqi Holding, Rashid Mohammed Alabbar, co-founder of Alabbar Enterprises, Mansour Khalifa Sultan bin Habtoor, Ronaldo Mashhour, Vice President of Amazon MENA, and Mudassir Sheikha, co-founder and CEO of Careem.

Related: Dubai Chamber Witnesses A 35.5% Increase In Number Of Registered Companies From The ASEAN Region

Business News

These 3 Side Hustles Make the Most Money While Working Fewer Hours, According to a New Survey

The survey also found that having a side hustle doubled as a path to becoming more employable.

Side Hustle

11 Side Hustles That Take Less Than An Hour Per Day

Here's a curated list of some of the most time-efficient side hustles we've seen lately.

Side Hustle

In Her Late 30s, She Pursued Another Creative Side Hustle — Then Turned It Into a Multimillion-Dollar Business

Gara Post had built one successful celebrity-magnet business before, so she decided to do it again.

Buying / Investing in Business

I Turned $583 into $10 Million. Here's How I Did It and 5 Lessons I Learned Along the Way

Sure, you want to roll your eyes when you hear "day trading." But, I turned the loss of my father and graduating college during the Great Recession into motivation to carve my path in life and do things differently from most.

Side Hustle

Starting a Side Hustle Should Come With a Warning Label — Here's What You Need to Know

Not everyone who starts a side hustle will be successful — some unlucky individuals might find themselves even worse off than they began.

Side Hustle

Retirees Are Raking in Billions With These 4 Side Hustles: 'There's No Age Limit to Innovation'

Most Americans plan to work part-time in retirement — and the opportunities are endless.