The UAE Digital Economy Strategy aims to double the contribution of the digital economy to the GDP from 9.7 per cent to 19.4 per cent within the next ten years
The UAE Cabinet met this week and approved a new Digital Economy Strategy that aims to increase the contribution of this sector to the GDP to 20 percent over the next 10 years.
The UAE Digital Economy Strategy aims to double the contribution of the digital economy to the GDP from 9.7% to 19.4% within the next ten years, according to state news agency WAM.
The strategy includes more than 30 initiatives and programmes targeting six sectors and five new areas of growth. It will define the digital economy, with a unified mechanism for measuring its growth while measuring its indicators periodically.
The Cabinet also approved the establishment of the UAE Council for Digital Economy chaired by Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy, and Teleworking Applications.
The UAE Council for Digital Economy will support the aim 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 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%
Source: Gulf Business