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UAE cabinet forms council for digital economy

Prime Minister of the UAE Sheikh Mohammed bin Rashid Al Maktoum said that the country has adopted a digital economy strategy and aims at increasing the contribution of this sector to the GDP by 20% over the next 10 years.

After chairing the cabinet meeting at Qasr Al Watan Abu Dhabi the ruler of Dubai said that a council for digital economy has been formed, chaired by  Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy, and Teleworking Applications.

“We also approved the restructuring of the board of trustees of the Higher Colleges of Technology (HCT), chaired by Ahmad Belhoul Al Falasi, Minister of State for Entrepreneurship and SMEs. Also, we adopted a number of international agreements, including an agreement to link the payment systems of the GCC countries, and agreements with the United States, Denmark and Brazil,” the PM added.

UAE digital economy strategy also aims to enhance the position of the UAE a hub for digital economy in the region and globally. The strategy includes more than 30 initiatives and programmes targeting 6 sectors and 5 new areas of growth. The strategy will define the priorities of digital economy in the country, ensuring the contribution of all other economic sectors to promote and support the digital economy.

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