Dubai Chamber of Digital Financial system declares new initiative to assist tech corporations and MNCs arrange and scale up in Dubai

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  • His Excellency Omar Sultan Al Olama: “The initiative displays the imaginative and prescient of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to enhance the convenience of doing enterprise and accessing companies.”
  • His Excellency Omar Sultan Al Olama: “The brand new initiative is one other necessary step in direction of attaining our objectives and can additional consolidate Dubai’s place as a world capital of the digital financial system.”

Dubai, UAE – Dubai Chamber of Digital Financial system, one of many three chambers working below Dubai Chambers, has introduced a brand new initiative to assist tech corporations arrange and scale up in Dubai. The initiative will present a complete package deal of companies designed to assist tech and digital startups, SMEs, and multinational firms planning to arrange their companies in Dubai.

The initiative was introduced throughout a ceremony held right now at Dubai Chambers’ headquarters within the presence of His Excellency Omar Sultan Al Olama, Minister of State for Synthetic Intelligence, Digital Financial system and Distant Work Purposes, and Chairman of the Dubai Chamber of Digital Financial system, and Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, with the participation of His Excellency Dr. Mohammed Al Zarooni, Govt Chairman of Dubai Built-in Financial Zones Authority (DIEZ), and Amna Rashed Lootah, Board Member of Dubai Commercity.

Through the occasion, the chamber signed Memorandums of Understanding (MoUs) for strategic partnerships with a number of corporations in assist of the initiative. Agreements had been inked with Dubai CommerCity, Safexpay, e&, and Telr. The chamber is planning to enter into agreements with extra strategic companions forward of the launch of the platform in September.

His Excellency Omar Sultan Al Olama, Minister of State for Synthetic Intelligence, Digital Financial system and Distant Work Purposes, and Chairman of the Dubai Chamber of Digital Financial system, commented: “The initiative displays the imaginative and prescient of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to enhance the convenience of doing enterprise and accessing companies. The brand new initiative is one other necessary step in direction of attaining our objectives of attracting 300 digital startups to the emirate by 2024, and can additional consolidate Dubai’s place as a world capital of the digital financial system.”

His Excellency continued: “We look ahead to supporting the success of extra progressive corporations and additional strengthening Dubai’s dynamic funding atmosphere as we proceed on our journey in direction of doubling the contribution of the digital financial system to the UAE’s non-oil GDP inside 10 years.”

His Excellency Dr. Mohammed Al Zarooni, Govt Chairman of Dubai Built-in Financial Zones Authority (DIEZ), stated: “This partnership reaffirms our dedication to boosting innovation throughout Dubai’s enterprise ecosystem and contributing to its transformation journey in being a world hub for expertise. We proceed to attempt to strengthen our partnerships and community with the Public-Personal sectors to advance enterprise and create important alternatives for corporations to increase their operations and develop,”  

“At Dubai CommerCity, the primary and main free zone devoted to digital commerce, we’re rising cooperation and efforts to assist the federal government’s technique to advance the UAE’s digital financial development. All through the years, we have now been continuously growing enterprise packages, companies, and incentives to assist corporations inside the digital and tech sectors. This has allowed us to affectively facilitate enterprise operations and appeal to innovation and expertise from everywhere in the world.” His Excellency added.

The brand new initiative will supply handy entry to a spread of companies corporations have to arrange in Dubai, making a ‘one-stop store’ for licensing companies, banking options, workplace house, cloud companies, and different key necessities.

The chamber’s technique (2022 – 2024) is targeted on bettering the digital enterprise atmosphere, growing assist for digital corporations, and attracting worldwide digital companies, with the aim of positioning the emirate as one of many world’s most agile and diversified technology-enabled digital hubs. Dubai Chamber of Digital Financial system performs an instrumental function in cementing Dubai’s digital management place, as mirrored in its latest success in attracting 30 digital startups through the first quarter of 2023.

Dubai Chamber of Digital Financial system is constantly working to amplify the success of Dubai’s digital ecosystem by internet hosting worldwide roadshows and occasions to draw start-ups and international unicorn corporations to the emirate. It has additionally launched a number of landmark initiatives to function a catalyst for digital development, together with internet hosting occasions and partnering with the famend Increase North Star platform to deliver tons of of startups along with traders and different key stakeholders.

Constructing on these achievements, the chamber is getting ready to prepare the ‘Increase North Star’ summit, the world’s largest occasion devoted to startups. The summit will probably be held in Dubai from 15 – 18 October and is anticipated to draw greater than 1,400 exhibitors and 1,000 traders. Increase North Star will contribute to enhancing the momentum of entrepreneurship by connecting innovators and expertise pioneers from throughout the globe with authorities companions, traders, and enterprise accelerators.

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About:

Dubai Chamber of Digital Financial system, one in all three chambers working below the umbrella of Dubai Chambers, goals to strengthen Dubai’s place as a world chief in digital financial system, appeal to specialised expertise, main corporations and new investments and create a stimulating atmosphere that helps the expansion of digital corporations. The Chamber was established by a decree issued by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.

www.dubaichamberdigital.com/en/residence

For extra info, please contact:
Mohamad Mouzehem
PR & Company Communications
E-mail: mohamad.mouzehem@dubaichamber.com



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