Gulf Today, Aug 8, 2022 | Muharram 10, 1444
Dubai Chamber of Digital Economy forms new group to boost industry
Dubai Chamber of Digital Economy, one of three chambers operating under the
umbrella of Dubai Chambers, has announced the formation of the Dubai Digital
Assets Business Group (D2A2), which aims to strengthen the digital asset
industry’s role in the economic development of the UAE and the wider Middle East
region, enhance digital business infrastructure and support the growth of
digital companies in Dubai.
Among the key objectives of the new business group are: promoting the digital
asset industry in Dubai, boost transparency through market intelligence and
data, support the interests and growth of digital asset companies and foster
cross-border cooperation. Omar Sultan Al Olama, Minister of State for Artificial
Intelligence, Digital Economy and Remote Work Applications, Chairman of Dubai
Chamber of Digital Economy, emphasised the formation of D2A2 as a strategic move
aligned with Dubai Chamber of Digital Economy’s strategy, which aims to fast
track the growth of Dubai’s digital economy.
He noted that the group provides an ideal platform for companies operating in
the digital asset sphere to unify their voices, address market challenges and
align their ambitions, adding that such efforts will accelerate Dubai’s digital
transformation, and achieve the vision of His Highness Sheikh Mohammed Bin
Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of
Dubai to cement the emirate’s position as a global capital for digital economy.
Al Olama said that the digital economy is the economy of the future on which the
pillars of the development process are based, and the D2A2 will be an important
reference providing strategic and up-to-date market research data related to the
digital asset sector to industry stakeholders, the private sector, policymakers
and government entities.
Gaurang Desai, Chairman of D2A2, said: “We see an opportunity to turn Dubai and
the UAE into a regional hub for digital assets. That is why it is very important
to work towards creating a bridge for the digital asset industry to further
integrate into the world economy by cooperating with counterpart organizations
across the world. We wish to welcome all experts in the industry to come and
join D2A2, to help us spread the principles of accountability, integrity and
transparency, and promote the highest professional and ethical standards”.“D2A2
will reinforce the digital asset industry’s commitment to society by educating
the public and developing tools to bolster the access to and advancement of
technology for all. It will also support the digital asset industry’s efforts to
improve quality, the environment, energy management and investor protection”
Desai added.
Business groups and councils play a crucial role in promoting and supporting
Dubai’s economy as they unify their efforts to ensure a favourable business
environment and support the interests of their respective members. Dubai Chamber
of Commerce works closely with various business groups and councils in Dubai
that operate under its umbrella, to address shared challenges, share their
recommendations for improving ease of doing business and providing them access
to global growth opportunities.