Dubai Digital Economic system helps the institution of 215 startups within the first half Al Khaleej Newspaper

Dubai: “The Gulf”

The Dubai Chamber for Digital Economic system, one of many three chambers working below the umbrella of Dubai Chambers, supported 215 digital start-ups with promising potential to determine and develop their companies within the emirate within the first half of 2024, in comparison with 69 firm throughout the identical interval final 12 months, with a development of 212%. The full market worth of those firms reached about 7 billion US {dollars}.

Within the first half of this 12 months, the Chamber skilled 243 Emiratis as a part of the “Apply in Dubai” initiative launched by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Vice -Prime Minister and Minister of Defence, and led by the Dubai Chamber for the Digital Economic system.

Within the first half of this 12 months, the Chamber organized 12 outings geared toward selling the “Increase the North Star” exhibition, which is organized by the Dubai World Commerce Middle and hosted by the Dubai Chamber for the Digital Economic system subsequent October, which is taken into account the most important gathering of rising firms and buyers worldwide.

The Dubai Chamber for the Digital Economic system has strengthened its lively presence as an organizer, sponsor and strategic accomplice for 15 native and worldwide occasions within the first half of this 12 months.

Omar Sultan Al Olama, Minister of State for Synthetic Intelligence, Digital Economic system and Distant Work Functions, Chairman of the Board of Administrators of the Dubai Chamber for Digital Economic system, mentioned: “In implementing the imaginative and prescient of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and The Prime Minister of the UAE and the Ruler of Dubai, could God defend him, to strengthen the place of Dubai, because the capital of the digital financial system, persevering with to extend our efforts to develop the setting conducive to digital development firms, supporting their growth, and growing their development alternatives, primarily based on Dubai as a world capital of the digital financial system, to contribute to attaining the aims of the Dubai Financial Agenda (D33) to create new financial worth generated from the digital transformation till now. A median of 100 billion dirhams per 12 months can be added to Dubai’s financial system.

Al Olama mentioned: “The Dubai Chamber for the Digital Economic system is eager to reinforce Dubai’s attractiveness to firms and entrepreneurs in all technological specializations, by a portfolio of initiatives and packages particularly designed to -to enhance the construction, administration and repair of the digital departments system. in Dubai.”

The “Apply in Dubai” initiative goals to develop the capabilities of the nationwide digital workforce and prepare 1,000 Emirati residents, in collaboration with the non-public sector to extend the variety of utility builders in Dubai to triple by 2025, in addition to help 100 new nationwide tasks by providing their purposes in digital sources.

The initiative, led by the Dubai Chamber for the Digital Economic system, goals to benefit from new development alternatives within the sector by creating a powerful digital infrastructure, creating a legislative framework that helps the event of purposes, and offering authorities incentives to speed up the sector’s development trajectory. , in response to the strategic aims of the chamber.

Within the first half of this 12 months, the Chamber additionally signed 4 memorandums of understanding with varied companions to strengthen the setting conducive to the expansion of expertise and digital firms in Dubai, together with a memorandum of understanding with Enterprise Eire, the Irish authorities company devoted to commerce and innovation, which is taken into account the most important enterprise capital establishment in Europe By way of the variety of contracts, with the intention of strategic partnership to create that can enhance enterprise alternatives, growth and collaboration between Dubai and Irish firms with a deal with the digital sector.