The Dubai Chamber of Digital Economy has been named the strategic partner for the upcoming 1 Billion Followers Summit, scheduled to take place from January 11-13, 2025. This event, themed 'Content for Good', aims to foster creative industries and empower youth in the digital space. The partnership will allow the Dubai Chamber to showcase the emirate's advantages to startups and investors, further solidifying Dubai's position as a hub for digital innovation and investment [97435bd9].
As part of the summit, the inaugural '1 Billion Pitches' competition will be held, connecting content startups with potential funding sources. Saeed Al Gergawi, a representative from the Dubai Chamber, emphasized the importance of collaboration with digital media players to drive growth in the creative sector. Alia AlHammadi highlighted the UAE's role as a global business hub, reinforcing the significance of such partnerships in attracting international talent and investment [97435bd9].
This strategic partnership aligns with the Dubai Chamber of Digital Economy's ongoing efforts to enhance the emirate's digital landscape. Recently, the chamber attracted nine multinational companies to Dubai, with a combined market value exceeding AED 304 billion (US$ 82.84 billion). These companies span various fields, including cybersecurity, mobility technology, health and fitness technologies, and more, reflecting Dubai's commitment to becoming a global capital for the digital economy [931bfd7e].
In addition to attracting multinational companies, the Dubai Chamber has launched initiatives such as 'Create Apps in Dubai', aiming to equip Emiratis with mobile application development skills and triple the number of app developers by 2025. The chamber also organized workshops and business trips to further promote Dubai as a prime destination for digital businesses [931bfd7e].
The chamber's initiatives have already shown significant results; in the first half of 2024, it supported the establishment of 215 digital startups in Dubai, with a combined market value of around US$ 7 billion. This represents a year-over-year growth of 212% compared to the previous year. The chamber's focus on training Emiratis and promoting entrepreneurship is integral to its strategy for economic diversification and sustainable growth in the digital sector [8de8472f].
The collaboration between the Dubai Chamber of Digital Economy and the 1 Billion Followers Summit is a testament to the emirate's dedication to fostering a thriving digital ecosystem. By bringing together startups, investors, and digital media players, this partnership aims to drive innovation and create opportunities for the youth, further enhancing Dubai's reputation as a leader in the global digital economy [97435bd9].