Dubai is proactively developing plans to accelerate its ambition to become one of the world’s leading digital economies, according to Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince and Chairman of The Executive Council of Dubai.
“Dubai is steadily reinforcing its position as a global hub for cutting-edge technologies and a major centre for digital business models and transformational initiatives,” Hamdan said at the second meeting of the Higher Committee for Future Technology and Digital Economy on Sunday.
“Dubai is proactively developing plans to accelerate digital growth and adopt new technologies.”
Hamdan said part of the plan to transform Dubai into a “leading global digital economy hub” is to adopt new technologies through collaborative partnerships between government entities, international businesses and the broader private sector.
“Our directives are aimed at accelerating our plans to achieve this goal and make Dubai one of the top 10 digital economies in the world, aligning with the Dubai Economic Agenda D33,” Hamdan also said on Twitter.
In April 2022, Dubai launched the “Digital Economy Strategy”, which seeks to double the contribution of the digital economy to the UAE’s gross domestic product (GDP) to nearly 20% within 10 years.
The country’s digital economy is forecast to grow to more than $140 billion in 2031, up from $38 billion in January 2023, according to a Dubai Chamber of Digital Economy report.
(Writing by Cleofe Maceda; editing by Daniel Luiz )