Today: 16 April 2025
1 February 2023
1 min read

UAE: National digital economy set to grow $140bn by 2031

The report projects the national digital economy will reach US$140 billion in 2031 from US$38 billion today…reports Asian Lite News

Dubai Chamber of Digital Economy, one of three chambers operating under Dubai Chambers, has released a report detailing plans to boost the emirate’s digital economy.

The report projects the national digital economy will reach US$140 billion in 2031 from US$38 billion today.

The study highlights the importance of the chamber’s efforts and collaboration with stakeholders to establish Dubai as the next digital economy capital of the world. The report outlines Dubai’s digital economy startups and the emirate’s position as a future digital capital.

The Chamber’s plans include attracting 300 digital startups and 100 tech experts to Dubai by 2024, improving laws and policies, organising a conference, promoting digital transformation, and enhancing the business environment to attract global digital firms.

Omar Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications, Chairman of Dubai Chamber of Digital Economy, said the goal of doubling the contribution of the digital economy to the UAE’s GDP from 9.7 percent to over 20 percent by 2031 reflects Dubai’s ambition to be a key tech hub.

He emphasised the importance of building a world-class digital infrastructure and supporting the dynamic startup ecosystem to drive digital transformation and sustainable business growth.

Al Olama also stressed the importance of raising awareness about challenges and future trends and highlighting the role of digital transformation in driving sustainable business growth.

ALSO READ: UAE, France hold high-level business meet

Previous Story

UAE, France to boost clean energy development

Next Story

Saudi’s real GDP grew 5.4% in Q4 last year

Latest from -Top News

UK-Kenya defence partnership deepened

Defence Secretary met with Agnes Wanjiru’s family to offer condolences, fulfilling his commitment and making him the first UK Minister to meet with them In a historic and emotionally charged visit to

South Africa hosts virtual meeting of G20 Sherpas

During the meeting, Zane Dangor spoke about the importance of continuing to work with multilateral institutions, including the United Nations, to address global challenges South Africa hosted the second virtual meeting of

WFP warns as Sudan war enters third year

The civil war began on April 15, 2023, amid a power struggle between the Sudanese army and the leader of a powerful rival militia called the Rapid Support Forces The conflict, which
Go toTop

Don't Miss

Dubai Destinations campaign kicks off summer phase

The latest phase of the campaign will capture the essence

Resilient UAE economy defies headwinds

World Bank forecast the UAE economy to grow by 4.1%,