Dubai steadily becoming a worldwide hub for cutting-edge technologies, Sheikh Hamdan says

Dubai is steadily reinforcing its position as a worldwide hub for cutting-edge technologies and a main centre for digital company models and transformational initiatives, stated Sheikh Hamdan bin Mohammed.

The Crown Prince of Dubai and chairman of the emirate’s Executive Council was speaking in the course of the second meeting of the Greater Committee for Future Technologies and Digital Economy, a statement from Dubai Media Workplace stated on Sunday.

“Dubai is proactively establishing plans to accelerate digital development and adopt new technologies by means of collaborative partnerships amongst government entities, international corporations and the broader private sector,” Sheikh Hamdan, who is chairman of the committee, stated.

Dubai is in search of to cement its position as a worldwide capital of the digital economy.

The national digital economy is anticipated to develop to additional than $140 billion in 2031, up from today’s almost $38 billion, according to a current report by the Dubai Chamber of Digital Economy, one particular of the 3 chambers operating beneath Dubai Chambers.

The UAE Cabinet authorized the formation of the Greater Committee for Government Digital Transformation final year as the nation presses forward with plans to create a digital economy and make use of future technologies.

Dubai announced the formation of the Greater Committee for Future Technologies and Digital Economy in July final year to concentrate on establishing the sector. The aim of the new physique is “to market Dubai’s supremacy in the digital economy globally”, Sheikh Hamdan stated at the time.

The eight-member committee will supervise the implementation of tactics relating to the digital economy and future technologies in Dubai.

It will aim to assist to shape the future of artificial intelligence by investing in the metaverse and establishing partnerships to enhance Dubai’s digital economy.

The meeting on Sunday was also attended by Omar Al Olama, Minister of State for Digital Economy, AI and Remote Operating Method, chairman of the Dubai Chamber of Digital Economy and vice chairman of the committee.

Other members of the committee also attended the meeting. These contain Helal Al Marri, director common of Dubai’s Division of Economy and Tourism Hamad Al Mansouri, director common of the Dubai Digital Authority Khalfan Belhoul, chief executive of the Dubai Future Foundation Ahmed bin Byat, vice chairman of the Dubai Chamber of Digital Economy Malek Al Malek, director common of the Dubai Improvement Authority and chairman of Tecom Group and Arif Amiri, chief executive of the Dubai International Monetary Centre.

They took stock of current advancements in the digital field and explored approaches to obtain the objectives of the Dubai Metaverse Tactic, which aims to make 40,000 jobs and add $four billion to the emirate’s economy in the subsequent 5 years, and the Dubai Financial Agenda D33, with a target of reaching Dh32 trillion ($eight.71 trillion) by 2033 and establishing the emirate amongst the top rated 3 worldwide cities.

They also discussed the improvement of Dubai’s digital infrastructure, digital readiness and approaches to leverage its higher world wide web usage prices to take benefit of new possibilities in the sector.

Additional, members of the committee discussed plans and suggestions to obtain Dubai’s digital economy objectives.

The committee will style policies and analyse trends for the digital economy and future technologies, which includes the metaverse, AI, blockchain, Web3, virtual reality, augmented reality, Online of Issues, information centres and cloud computing in Dubai.

It will also seek to attract international businesses and conferences specialising in future technologies and the digital economy.

Sheikh Hamdan and other members of the Greater Committee for Future Technologies and Digital Economy discussed the improvement of Dubai’s digital infrastructure and digital readiness. Photo: Dubai Media Workplace

Updated: March 19, 2023, two:43 PM