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Council for Digital Economy established

Goal is to double sector’s contribution to GDP in 10 years

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The UAE has established a Council for Digital Economy and adopted the UAE Digital Economy Strategy. The goal is to double the contribution of the digital economy to GDP from 9.7% to 19.4% within the next 10 years. It also aims to enhance the position of the UAE as a hub for the digital economy in the region and globally.

The strategy includes more than 30 initiatives and programs targeting six sectors and five new areas of growth. It will define the digital economy in the country, with a unified mechanism for measuring its growth while measuring its indicators periodically. The strategy will define the priorities of the digital economy in the country, ensuring the contribution of all other economic sectors to promote and support the digital economy.

The UAE Council for Digital Economy will support the directions of the country, to double the contribution of the digital economy to the UAE’s GDP in the year 2031, and enhances the implementation of the Digital Economy Strategy initiatives in all economic sectors.

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%.