Dubai is giving entrepreneurs more reasons to set up shop in the city.
Dubai Chamber of Digital Economy, one of the three chambers operating under Dubai Chambers, has launched a new initiative to help tech companies set up and scale in the emirate. The initiative will offer a comprehensive package of services to support tech and digital startups, SMEs, and multinational corporations setting up their businesses in Dubai.
The new initiative will offer companies access to a wide range of services, such as licensing services, banking solutions, office space, cloud services, and other key requirements.
With the new initiative, Dubai aims to double its contribution to the tech sector to its gross domestic product within ten years.
At a press conference, H.E. Omar Al Olama, Minister of State for Digital Economy, AI, and Remote Working Applications, and Chairman of the Dubai Chamber of Digital Economy, announced that the initiative is set to launch in September and will offer a set of incentives in partnership with a number of private sector and government entities.
“The new initiative is another important step towards achieving our goals of attracting 300 digital startups to the emirate by 2024 and will further consolidate Dubai’s position as a global capital of the digital economy,” Al Olama said.
Dubai Chamber signed initial agreements with several partners, including CommerCity, Safexpay, e&, and Telr. The chamber plans to enter into agreements with additional partners before the launch.
The chamber’s strategy is focused on improving the digital business environment, developing support for digital companies, and attracting international digital businesses to cement the city’s position as an agile technology-enabled digital hub.
Earlier this week, the Dubai Chamber of Digital Economy said it attracted 30 tech startups with high growth potential into the emirate during the first three months of 2023.