São Paulo – The United Arab Emirates Cabinet approved early this week a digital economy strategy that seeks to increase the contribution of the sector to the gross domestic product (GDP) from 9.7% to 19.4% over the next ten years and to enhance UAE’s regional and global position as a hub for digital economy, Arab News reported in its website.
The strategy includes more than 30 initiatives and programs targeting 6 sectors and 5 new areas. A Council for Digital Economy was established to be chaired by Omar bin Sultan Al- Olama, the minister of state for Artificial Intelligence, Digital Economy and Remote Work Applications.
Since the beginning of the COVID-19 pandemic, the country has presented several initiatives in the sector. The strategy aims to reinforce these. According to information made public by the Dubai Media Office, the UAE is among the top 25% of countries in the most important global digital indicators, where the contribution of the digital economy to the economic sectors of the UAE’s GDP is 9.7%, and to the non-oil GDP 11.7%.
Translated by Guilherme Miranda
