Dubai Chambers has recently signed a memorandum of understanding with DMCC (Dubai Multi Commodities Center) that aims to enhance Dubai’s position as a global destination for digital investments. The agreement will provide access to comprehensive service packages for companies looking to launch and expand from Dubai to the world by leveraging the promising investment opportunities available in key digital economy sectors.
“Through this agreement with DMCC, we aim to cement Dubai’s position as a global hub for the digital economy and a leading incubator for innovative companies specializing in future-facing sectors,” stated Khalid Al Jarwan, vice president of operations and acting vice president of digital and commercial sectors at Dubai Chambers.
Advancing Dubai’s digital economy landscape
DMCC will offer special business setup support packages for companies attracted to the emirate by Dubai Chambers, particularly those specializing in cryptocurrencies, artificial intelligence, and gaming. Companies will also benefit from opportunities to participate in DMCC’s knowledge series events, as well as access the services of DMCC’s compliance hub and tax clinics on a complimentary basis.
“This comes as part of our commitment to attracting global investments to Dubai and developing an advanced digital business ecosystem in the emirate,” added Al Jarwan.
By contributing 15 percent of Dubai’s annual foreign direct investment, DMCC has become a core driver in attracting international capital and investment flows to the emirate, especially in areas of the digital economy including AI, crypto, and gaming.
“Our partnership with Dubai Chambers will provide dedicated support for global companies at the forefront of Web3, together further positioning Dubai as the chosen destination for innovation-focused investments,” stated Feryal Ahmadi, chief operating officer at DMCC.
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Improving Dubai’s favorable business environment
Dubai Chambers plays a key role in supporting the objectives of the Dubai Economic Agenda (D33), which aims to double the size of the emirate’s economy over the next decade and position Dubai as one of the top three cities globally.
The chambers’ strategic priorities include advancing Dubai’s favorable business environment and attracting international businesses and investments into Dubai. Moreover, it seeks to drive the international expansion of Dubai Chambers’ members and accelerate the growth of Dubai’s digital economy, increasing the effectiveness of advocacy, and sustaining a climate of institutional and customer excellence.
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