UAE’s national digital economy set to grow by $140b by 2031
Dubai Chamber of Digital Economy, one of the three chambers operating under Dubai Chambers, has issued a recent report detailing plans to drive the emirate’s digital economy ambitions, as part of its efforts to strengthen the digital economy ecosystem in Dubai and achieve the goals of the Dubai Economic Agenda (D33).
The report estimates the national digital economy will grow to well over $140 billion in 2031, up from today’s nearly $38 billion.
The study underlined the importance of Dubai Chamber of Digital Economy’s efforts, and the collaboration between various stakeholders and digital startups, to firmly position Dubai as the next digital economy capital of the world.
Published in collaboration with Entrepreneur Middle East and titled ‘Dubai’s Digital Economy and its Thriving Startup Ecosystem,’ the report explains the fundamental role of the Chamber in supporting digital economy strategies and achieving the wise leadership’s objectives to cement Dubai’s position as a global capital of the digital economy.
Omar Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications, Chairman of Dubai Chamber of Digital Economy, said that 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 endeavours to establish itself as a key tech hub and leading global destination for digital companies.
Al Olama stressed that the UAE’s pioneering initiatives to build the economy of the future help create a world-class digital infrastructure and support the dynamic start-up ecosystem.
“Our strategic plans will also focus on achieving the objectives of the Dubai Economic Agenda (D33), especially in terms of driving digital transformation, developing a sustainable business sector, and adding an average of Dh100 billion per year in economic value to the emirate’s economy,” he said.