This represents a powerful year-over-year (YoY) development of 380 per cent in comparison with the identical interval final yr, underlining the chamber’s dedication to supporting promising digital startups.
Companies specialising in Synthetic Intelligence (AI) and machine studying accounted for 11 per cent of the digital startups supported, adopted by Fintech on 9 per cent; Software program as a Service (SaaS) on 7 per cent; Expertise, Media and Telecommunications (TMT) on 7 per cent; and well being tech on 7 per cent.
Dubai Chamber of Digital Economic system development
Through the first 9 months of this yr, the chamber educated 787 Emiratis on the basics of coding and cell app growth as a part of the “Create Apps in Dubai” initiative.
The initiative goals to coach and qualify 1,000 Emiratis to boost digital capabilities within the UAE and triple the variety of app builders in Dubai by 2025, in addition to help 100 new nationwide initiatives for the event of cutting-edge cell purposes.
Omar Sultan Al Olama, Minister of State for Synthetic Intelligence, Digital Economic system, and Distant Work Purposes and Chairman of Dubai Chamber of Digital Economic system, mentioned: “We stay dedicated to realising 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, by consolidating Dubai’s place as a worldwide capital for the digital financial system.
“Stimulating the expansion of digital corporations and facilitating their enlargement is instrumental in our drive to attain the aims of the Dubai Financial Agenda (D33), which goals to generate a mean of AED100bn ($27.2bn) yearly for Dubai’s financial system by means of digital transformation initiatives.”
He added that the achievements replicate the very important function Dubai Chamber of Digital Economic system performs in attracting international direct funding within the digital industries, strengthening the enterprise ecosystem, and attaining the formidable imaginative and prescient of the UAE’s management.
Led by the DCDE, the ‘Create Apps in Dubai’ initiative seeks to leverage new development alternatives within the sector by guaranteeing a robust digital infrastructure, making a legislative framework that helps app growth, and offering authorities incentives to speed up the sector’s development in step with the chamber’s strategic priorities.
Through the first 9 months of 2024, the Chamber of Digital Economic system organised 20 occasions to help the enterprise group, empower startups, nurture expertise, construct partnerships, and improve Dubai’s beneficial enterprise setting.
Inside the similar interval, the chamber organized 22 worldwide excursions in world markets to advertise the emirate, showcase the emirate’s superior digital enterprise ecosystem, and spotlight Increase North Star, the world’s largest occasion for startups and traders, which concluded in October.
The chamber additionally signed 5 MoUs with regional and world entities to foster collaboration in key digital financial system sectors, along with issuing three studies and research reflecting the dynamism and resilience of the emirate’s digital financial system.
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