Dubai Chambers Partners With DMCC To Enhance Digital Investment Opportunities In Dubai

Dubai Chambers has entered into a Memorandum of Understanding with the Dubai Multi Commodities Centre (DMCC) to boost Dubai's appeal as a hub for digital investments. This agreement aims to offer comprehensive service packages to businesses aiming to launch and expand globally from Dubai, capitalising on promising opportunities in key digital economy sectors.

As part of this collaboration, DMCC will provide special business setup support packages for companies drawn to the emirate by Dubai Chambers. These packages are particularly beneficial for firms specialising in cryptocurrencies, artificial intelligence, and gaming. Additionally, companies will have the chance to engage in DMCC’s knowledge series events and access services from DMCC’s compliance hub and tax clinics at no cost.

Khalid Al Jarwan, Vice President of Operations and acting Vice President of Digital and Commercial Sectors at Dubai Chambers, stated, "Through this agreement with DMCC, we aim to cement Dubai’s position as a global hub for the digital economy and a leading incubator for innovative companies specialising in future-facing sectors. This comes as part of our commitment to attracting global investments to Dubai and developing an advanced digital business ecosystem in the emirate."

Feryal Ahmadi, Chief Operating Officer at DMCC, highlighted the centre's role in attracting international capital. She noted that DMCC contributes 15 percent of Dubai’s annual foreign direct investment. Ahmadi said, "Our partnership with Dubai Chambers will provide dedicated support for global companies at the forefront of Web3, together further positioning Dubai as the chosen destination for innovation-focused investments."

Dubai Chambers plays a crucial role in advancing the objectives outlined in the Dubai Economic Agenda (D33). This agenda aims to double the size of the emirate's economy over the next decade and establish Dubai among the top three cities worldwide. The chambers focus on enhancing Dubai’s business environment and attracting international businesses.

The strategic priorities also include driving international expansion for its members and accelerating growth within Dubai’s digital economy. Additionally, they aim to increase advocacy effectiveness while maintaining institutional excellence.

This partnership underscores efforts to position Dubai as a leader in innovation-driven investments. By fostering an environment conducive to digital growth, both entities aim to attract significant global interest.

With inputs from WAM