Dubai Chambers has signed a Memorandum of Understanding (MoU) with DMCC (Dubai Multi Commodities Centre) aimed toward enhancing Dubai’s place as a world vacation spot for digital investments. The settlement will present entry to complete service packages for firms seeking to launch and increase from Dubai to the world by leveraging the promising funding alternatives out there in key digital economic system sectors.
As a part of the MoU, DMCC will provide particular enterprise setup assist packages for firms interested in the emirate by Dubai Chambers, significantly these specialising in cryptocurrencies, synthetic intelligence, and gaming. Firms may even profit from alternatives to take part in DMCC’s information sequence occasions, in addition to entry the providers of DMCC’s compliance hub and tax clinics on a complimentary foundation.
Khalid Al Jarwan, Vice President of Operations and performing Vice President of Digital and Industrial Sectors at Dubai Chambers, commented: “By this settlement with DMCC, we goal to cement Dubai’s place as a world hub for the digital economic system and a number one incubator for revolutionary firms specialising in future-facing sectors. This comes as a part of our dedication to attracting international investments to Dubai and growing a complicated digital enterprise ecosystem within the emirate.”
Feryal Ahmadi, Chief Working Officer, DMCC mentioned: “In contributing 15% of Dubai’s annual international direct funding, DMCC has turn out to be a core driver in attracting worldwide capital and funding flows to the emirate – specifically for areas of the digital economic system reminiscent of AI, crypto and gaming. Our partnership with Dubai Chambers will present devoted assist for international firms on the forefront of Web3, collectively additional positioning Dubai because the chosen vacation spot for innovation-focused investments.”
Dubai Chambers performs a key function in supporting the targets of the Dubai Financial Agenda (D33), which goals to double the scale of the emirate’s economic system over the following decade and place Dubai as one of many high three cities globally.
The chambers’ strategic priorities embrace bettering Dubai’s beneficial enterprise surroundings, attracting worldwide companies and investments into Dubai, and driving the worldwide growth of Dubai Chambers’ members, in addition to accelerating the expansion of Dubai’s digital economic system, rising the effectiveness of advocacy, and sustaining a local weather of institutional and buyer excellence.
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