The Dubai Chambers has announced the formation of the Dubai Digital Assets Business Group (D2A2) to strengthen the digital asset industry and support the growth of digital companies in Dubai.

The new entity will allow companies operating in the digital asset sphere to come together, address market challenges and align their ambitions. This platform aims to help in the economic development of the UAE and the wider Middle East region, enhance digital business infrastructure and support the growth of digital companies in Dubai.

“We see an opportunity to turn Dubai and the UAE into a regional hub for digital assets. That is why it is imperative to work towards creating a bridge for the digital asset industry to further integrate into the world economy by cooperating with counterpart organizations worldwide. We wish to welcome all industry experts to join D2A2, to help us spread the principles of accountability, integrity, and transparency, and promote the highest professional and ethical standards,” said Gaurang Desai, chairman of D2A2.

Omar Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications, and chairman of the Dubai Chamber of Digital Economy, emphasized the formation of D2A2 as a strategic move aligned with the Dubai Chamber of Digital Economy’s strategy, which aims to fast track the growth of Dubai’s digital economy.

Identifying the digital economy as an essential pillar of the development process, Al Olama stressed that the D2A2 will be a vital reference for providing strategic and up-to-date market research data related to the digital asset sector to industry stakeholders, the private sector, policymakers, and government entities.

In a related piece of news, Dubai Chamber’s President & CEO, H.E. Hamad Buamim, has announced that he will be stepping down after 16 years of service to the organization. Dubai Chambers is a non-profit public entity that supports Dubai’s vision as a global player by empowering businesses.

Buamin will be replaced by Hassan Al Hashemi, who is currently serving as the Vice President, International Relations of Dubai Chambers, as an interim President & CEO.

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