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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

UAE Approves Strategy to Double Contribution of Digital Economy to GDP Within 10 Years

UAE
Sheikh Mohammed bin Rashid chairing a cabinet session on Monday, April 11, 2022. (WAM)

The UAE cabinet on Monday approved a digital economy strategy to double the contribution of the digital economy to the GDP from 9.7% to 19.4% within the next 10 years. It also aims to transfer the UAE into a hub for digital economy regionally and globally.

The strategy includes more than 30 initiatives and programs targeting six sectors and five new areas of growth.

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