Dubai has announced the launch of a new initiative aimed at attracting digital startups to the city and doubling the technology industry’s contribution to the emirate’s GDP over the next decade. The initiative, set to be launched in September, will create a one-stop-shop platform that consolidates all the incentives for digital economy companies in Dubai.
Omar Al Olama, the UAE’s Minister of State for AI, Digital Economy, and Remote Work Applications, stated that the goal is to unify the existing incentives, which are currently scattered, onto a single platform. The initiative will provide a range of incentives for tech startups, including benefits for setting up operations, operational incentives for existing companies, and incentives for individual employees. The aim is to create an ecosystem that fosters growth and provides the right environment for digital businesses to thrive.
The announcement was made during a press conference held at the Dubai Chamber for Digital Economy, where the chamber signed Memorandums of Understanding (MoUs) with strategic partners in support of the initiative. Partners include Dubai CommerCity, Safexpay, e&, and Telr, with additional partners expected to join before the platform’s official launch.
With this new initiative, Dubai aims to position itself as a leading destination for digital startups, leveraging its favorable business environment, infrastructure, and supportive ecosystem to attract and nurture tech innovation in the region.
