Dubai Chamber of Digital Economy supported the inception of 215 digital startups in the emirate with a collective market value of around US$ 7 billion during H1 2024, this chamber is among one of the three chambers operating under the umbrella of Dubai Chambers, has declared that it successfully supported 215 high-potential digital startups to boost their business in the Emirate during H1 2024. This year achieved the growth of 212% compared to the 69 companies supported during the same period last year.
As per the facts revealed by the chamber of Digital Economy, it trained 243 Emirates as part of the ‘Create Apps in Dubai Initiative’, launched by his Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence, and is led by Dubai Chamber of Digital Economy.
In addition, the chamber planned twelve foreign roadshows with the goal of advancing Expand North Star. October will see the world’s largest meeting of investors and startups, organized by the Dubai World Trade Center and hosted by the Dubai Chamber of Digital Economy.
His Excellency Omar Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications, and Chairman of Dubai Chamber of Digital Economy, commented: “In line with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai to consolidate the emirate’s status as a global capital for digital economy, we are strengthening our efforts to develop an ecosystem that promotes the growth of digital businesses, supports their expansion, and positions Dubai as the global capital of the digital economy. This comes as part of our drive to achieve the objectives of the Dubai Economic Agenda (D33), which seeks to generate an average of AED 100 billion annually for the emirate’s economy through digital transformation projects.”
He further added “Dubai Chamber of Digital Economy remains committed to further enhancing Dubai’s attractiveness for companies and entrepreneurs operating within all technology-related disciplines. Our impactful programmes and initiatives are designed to develop the infrastructure, regulatory environment, and services available to the digital sector in Dubai.”
‘Create Apps in Dubai’ Initiative
This initiative was launched to add fuel to digital capabilities in the UAE and has established a target to train 1,000 Emiratis in cooperation with the private sector. The chamber signed four MOUs with partners during H1 2024 which was aimed at promoting Dubai’s digital business ecosystem and nurturing the growth of digital and technology companies.
Source: mediaoffice
