Dubai Chamber of Digital Economy signs four MoUs to enhance Dubai’s digital ecosystem and foster a culture of innovation

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Dubai Chamber of Digital Economy signs four MoUs to enhance Dubai’s digital ecosystem and foster a culture of innovation
Dubai Chamber of Digital Economy signs four MoUs to enhance Dubai’s digital ecosystem and foster a culture of innovation

A new collaboration with Mastercard will establish an innovation center to attract digital companies and talent to Dubai.

  • The chamber will partner with Mastercard Venture Labs to develop and launch a new Innovation Centre, which will serve as a platform for cooperation in digital innovation and artificial intelligence technologies.

  • Three MoUs were also signed with RemotePass, Tokio Marine & Nichido Fire Insurance, and Silkhaus to provide specialized services to digital companies as part of the chamber’s ‘Business in Dubai’ platform.

  • Al Gergawi: “The signing of these MoUs reflects the chamber’s commitment to implementing the wise vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to strengthen Dubai’s position as the global capital of the digital economy.”

Dubai, UAE, November 2, 2023: Dubai Chamber of Digital Economy, one of the three chambers operating under the umbrella of Dubai Chambers, has signed four Memorandums of Understanding (MoUs) to enhance the emirate’s digital ecosystem. The agreements with Mastercard, RemotePass, Tokio Marine & Nichido Fire Insurance, and Silkhaus were inked during the Dubai Business Forum, an influential global gathering of businesses and investors held from November 1–2 at Madinat Jumeirah in Dubai.

The four deals come as part of the chamber’s drive to achieve its strategic objectives of attracting global digital companies to Dubai and further strengthening the emirate’s advanced digital infrastructure.

Dubai Chamber of Digital Economy’s MoU with Mastercard will leverage the US$ 377 billion payment-processing giant’s global expertise to jointly establish a co-branded innovation hub in Dubai. As part of the agreement, the chamber will work with the expert team at Mastercard Venture Labs to develop and launch the Innovation Centre, which will serve as a platform for cooperation in digital innovation and artificial intelligence technologies.

The Innovation Centre aims to attract international technology companies, startups, and digital talent to Dubai and will contribute to the creation of joint opportunities and partnerships with prestigious government entities, including the Dubai Digital Authority, Dubai Future Foundation, and Dubai Chamber of Commerce.

The MoU was signed by Saeed Al Gergawi, Vice President of the Dubai Chamber of Digital Economy, and Mete Guney, Executive Vice President of Services for Eastern Europe, the Middle East, and Africa at Mastercard, during the second day of the Dubai Business Forum.

New Partnerships for the ‘Business in Dubai’ Platform

The Dubai Chamber of Digital Economy also signed three MoUs with RemotePass, Tokio Marine & Nichido Fire Insurance, and Silkhaus, which have joined the growing list of strategic partners providing specialized services to digital companies as part of the ‘Business in Dubai’ platform.

Al Gergawi commented: “The signing of these MoUs reflects the chamber’s commitment to implementing the wise vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to strengthen Dubai’s position as the global capital of the digital economy. These agreements will contribute to achieving our strategic objectives by further enhancing the emirate’s digital ecosystem and consolidating Dubai’s position as the destination of choice for digital companies of all kinds around the world.”

‘Business in Dubai’ is a platform launched by the Dubai Chamber of Digital Economy to enhance Dubai’s favorable business environment by simplifying a range of processes for companies seeking to set up or expand their activities in the emirate. Aimed both at businesses seeking to launch in the emirate and existing digital companies, the platform offers convenient access to world-class infrastructure designed to foster creativity and enable companies to explore new business horizons.

The new additions bring the total number of partners providing services through the platform to 14, reinforcing the chamber’s efforts to develop a business environment that helps digital companies grow and prosper in line with the goals of the Dubai Economic Agenda (D33).

The agreements were signed at The Deals Hub, a dedicated impact-driven platform for global business leaders and investors to forge and announce major business initiatives, partnerships, investments, and commercial alliances during the Dubai Business Forum. An innovative initiative that reflects Dubai Chambers’ commitment to driving growth in international trade and investment, The Deals Hub further consolidates Dubai’s position as a leading global city for doing business.

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