RIYADH: The UAE Cabinet on Tuesday approved a new Digital Economy Strategy that seeks to increase the contribution of the sector to the gross domestic product to 20 percent over the next 10 years.
The strategy aims to double the sector’s contribution to the GDP from 9.7 percent to 19.4 percent and to enhance UAE’s regional and global position as a hub for digital economy.
It includes more than 30 initiatives and programs targeting 6 sectors and 5 new areas of growth, the Government of Dubai Media Office reported.
As the Cabinet approves the strategy, it has established a Council for Digital Economy to be chaired by Omar bin Sultan Al- Olama, the minister of state for artificial intelligence.