UAE Cabinet approves establishment of Council for Digital Economy
The United Arab Emirates (UAE) cabinet endorsed a new Digital Economy Strategy that is designed to increase the contribution of the sector to the gross domestic product (GDP) by 20% during the next 10 years. The strategy, which includes more than 30 initiatives and programmes targeting six sectors and five new areas of growth, defines the digital economy, with a unified mechanism for measuring its growth while measuring its indicators periodically. To this aim, the cabinet further approved the establishment of the UAE Council for Digital Economy which will support the target of doubling the contribution of the digital economy to the UAE’s GDP in the year 2031. The council will also coordinate the implementation of the Digital Economy Strategy initiatives across all economic sectors.