Dubai Chamber of Digital Economy, one of the three chambers operating under the umbrella of Dubai Chambers, has signed four memorandums of understanding (MoUs) to enhance the emirate’s digital ecosystem.
The agreements with Mastercard, RemotePass, Tokio Marine & Nichido Fire Insurance, and Silkhaus were inked during the recent Dubai Business Forum.
The four deals come as part of the chamber’s drive to achieve its strategic objectives of attracting global digital companies to Dubai and further strengthening the emirate’s advanced digital infrastructure.
The MoU with Mastercard will leverage the $377 billion payment-processing giant’s global expertise to jointly establish a co-branded innovation hub in Dubai.
As part of the agreement, the chamber will work with the expert team at Mastercard Venture Labs to develop and launch the Innovation Centre, which will serve as a platform for cooperation in digital innovation and artificial intelligence technologies.
The Innovation Centre aims to attract international technology companies, startups, and digital talent to Dubai, and will contribute to the creation of joint opportunities and partnerships with prestigious government entities including the Dubai Digital Authority, Dubai Future Foundation, and Dubai Chamber of Commerce.
The MoU was signed by Saeed Al Gergawi, Vice President of Dubai Chamber of Digital Economy, and Mete Guney, Executive Vice President of Services for Eastern Europe, Middle East, and Africa at Mastercard, during the second day of the Dubai Business Forum.—Zawya
