The expansion of the digital economy and access to new markets will be among Dubai’s “next objectives,” according to Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive Council, during a visit to the Dubai Chambers.
The Dubai Crown Prince emphasized the importance of working continuously to consolidate Dubai’s position as an attractive business and investment destination.
Sheikh Hamdan bin Mohammed said: “The Dubai Chambers have played a significant role in Dubai’s economic development. Today, we look forward to maximizing this role in the field of the digital economy, technical investments, and building new global economic opportunities.”
“Our next priorities are the sustainability of our family businesses, the development of our digital economy, and access to new markets. All government and private entities will work as one team to achieve these priorities.”
The Dubai Crown Prince’s statements were made after he toured the facilities and departments of the headquarters of Dubai Chambers, the state-run news agency, Wam, confirmed.
Sheikh Hamdan added: “We have the best business environment, and most of all, we have Sheikh Mohammed bin Rashid’s future vision for Dubai to be the main hub of the new global economy.”
Sheikh Hamdan emphasized the need of putting Sheikh Mohammed bin Rashid Al Maktoum’s directions into action in order to create an appealing and competitive environment for investment.
For instance, the Dubai Metaverse Strategy, which was announced by the Dubai Ruler Sheikh Mohammed bin Rashid Al Maktoum earlier this year, aims to increase the contribution of the metaverse sector to the emirate’s economy to $4 billion by 2030.
Headed by the Dubai Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, the Dubai Metaverse Strategy also intends to ensure that the metaverse increases its contribution to 1 percent of the emirate’s GDP.
The Dubai Crown Prince Sheikh Hamdan bin Mohammed and Sheikh Maktoum bin Mohammed, the Deputy Ruler of Dubai, have already directed the formation of a task force to track the latest developments in the digital economy, including technology and metaverse trends.
