Dubai Is Committed to Provide Creative and Ingenuine Environment, Says Sheikh Hamdan

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, said that Dubai is committed to fostering an ecosystem for innovation, ideas and entrepreneurship to thrive. Guided by the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, the emirate continues to consolidate its position as a leading global hub for talent and enterprise. With a focus on promoting development that can help create a brighter future, Dubai is dedicated to providing an environment where creativity and ingenuity can thrive, he added.

Sheikh Hamdan welcomed Amazon’s announcement that it will showcase the products of 100,000 small and medium enterprises (SMEs) on its UAE store by 2026.

The move supports the goals of the Dubai Economic Agenda D33 and the objective of the Higher Committee of Future Technology Development and Digital Economy to transform Dubai into one of the world’s top ten digital economies.

He said Dubai has emerged as a prominent hub for digital talent and enterprise and empowered digital economy innovators and entrepreneurs to build a new future for the nation’s technology sector. These developments support the UAE’s digital economy strategy, which seeks to leverage technology to enhance social well-being.

Sheikh Hamdan further said initiatives launched in partnership with global technology companies and digital industry leaders combined with the development of SMEs, will enhance the sector’s contribution to the UAE’s GDP by 20 per cent over the next decade. This will enhance the UAE’s status as a destination for digital entrepreneurs and a global centre for digital app development.

Amazon, which currently displays the products of 50,000 local and international companies in its UAE store, aims to increase this number to 100,000 by 2026.

The initiative, which will facilitate the growth of entrepreneurship and expand the e-commerce sector, will also provide educational resources to companies that will help them sell their products on Amazon. Companies can use the Fulfilment by Amazon (FBA) service to outsource order fulfilment to Amazon. Amazon aims to provide UAE companies with training and qualification opportunities to enable them to enhance their operations and launch applications on digital platforms.

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