Its market value reached $7 billion.
Dubai: “The Gulf”
Dubai Chambers for Digital Economy, one of three chambers operating under the umbrella of Dubai Chambers, supported 215 start-ups with promising potential to establish and grow businesses in the emirate in the first half of 2024, compared to 69 companies. in the same period of last year, with a growth of 212%. The total market value of these companies reached about 7 billion dollars.
In the first half of this year, the Chamber trained 243 Emiratis as part of the “Apply in Dubai” initiative launched by Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai’s Deputy Prime Minister and Minister of Defence, and led by the Dubai Chamber for the Digital Economy.
In the first half of this year, the Chamber organized 12 external visits to promote the “Expand North Star” exhibition, which is hosted by the Dubai World Trade Center and hosted by the Digital Economy Chamber of Dubai, which is being considered next October. the largest gathering of emerging companies and investors from around the world.
The Dubai Chamber for the Digital Economy has strengthened its active presence as an organizer, sponsor and strategic partner of 15 local and international events in the first half of this year.
Omar Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications, Chairman of the Board of Directors of the Dubai Chamber of Digital Economy, said: “In realizing the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, God bless you. to strengthen Dubai’s position as the global capital of the digital economy, we continue to step up our efforts to develop an environment for the growth of digital businesses, support their expansion and improve growth opportunities, based on Dubai’s Economic Agenda (D33) as the global capital of the digital economy to help achieve the goals, to create new economic value from digital to digital transformation, the new economy will add an average of 100 billion dirhams per year to the economy of Dubai.’
Al Olama added: “The Dubai Chamber for the Digital Economy aims to increase Dubai’s attractiveness to companies and entrepreneurs in all technological specializations through a package of initiatives and programs specifically designed to develop the infrastructure, regulations and service infrastructure of the digital sector system in Dubai.”
The “Apply in Dubai” initiative aims to develop the skills of national digital cadres and train 1,000 Emiratis, in partnership with the private sector, to triple the number of app developers in Dubai by 2025, in addition to supporting 100 new national projects. their apps in digital stores.
The initiative, led by the Dubai Chamber for the Digital Economy, aims to take advantage of new growth opportunities in the sector by creating a strong digital infrastructure, developing a legal framework that supports application development and providing government incentives to accelerate the sector’s growth path. , in line with the chamber’s strategic objectives.
In the first half of this year, the Chamber signed 4 agreements with various partners to improve the environment for the growth of technology and digital companies in Dubai, including Enterprise Ireland, an Irish government agency. trade and innovation, considered the largest venture capital organization in Europe, with the aim of creating a strategic partnership that increases business opportunities, expansion and cooperation opportunities. digital sector
