Dubai Chamber of Digital Economy, one of the three chambers operating under Dubai Chambers, has launched a new initiative to support the establishment and expansion of tech companies in Dubai.
In order to facilitate tech and digital startups, SMEs, and international companies looking to establish their businesses in Dubai, the initiative will offer a comprehensive package of services.
It was announced during a ceremony held 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 Mr. Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, in the presence of His Excellency Dr. Mohammed Al Zarooni, Executive Chairman of Dubai Integrated Economic Zones Authority (DIEZ), and Ms. Amna Rashed Lootah, Board Member of Dubai CommerCity.
The chamber signed Memorandums of Understanding (MoUs) for strategic partnerships with Dubai CommerCity, Safexpay, e&, and Telr in support of the initiative. The chamber is also planning to sign agreements with additional strategic partners ahead of the launch of the platform in September.
“The initiative reflects the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to improve the ease of doing business and accessing services. The new initiative is another important step towards achieving our goals of attracting 300 digital startups to the emirate by 2024, and will further consolidate Dubai’s position as a global capital of the digital economy. We look forward to supporting the success of more innovative companies and further strengthening Dubai’s dynamic investment environment as we continue on our journey towards doubling the contribution of the digital economy to the UAE’s non-oil GDP within 10 years.”
His Excellency Dr. Mohammed Al Zarooni, Executive Chairman of Dubai Integrated Economic Zones Authority (DIEZ), said that “This partnership reaffirms our commitment to boosting innovation across Dubai’s business ecosystem and contributing to its transformation journey in being a global hub for technology. We continue to strive to strengthen our partnerships and network with the Public-Private sectors to advance business and create significant opportunities for companies to expand their operations and grow.”
“At Dubai CommerCity, the first and leading free zone dedicated to digital commerce, we are increasing cooperation and efforts to support the government’s strategy to advance the UAE’s digital economic growth. Throughout the years, we have been constantly developing business packages, services, and incentives to support companies within the digital and tech sectors. This has allowed us to effectively facilitate business operations and attract innovation and talent from all over the world.” His Excellency Al Zarooni added.
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, to position 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 catalyze 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.