The Dubai Chamber of Commerce has announced the formation of the Cloud Computing Business Group, which will bring together businesses operating in the area to foster fruitful discussion on how to advance and integrate cloud computing services across all business sectors in Dubai.
According to Maha AlGargawi, Executive Director of Business Advocacy at Dubai Chambers, a cloud-powered advanced digital infrastructure is necessary to support Dubai’s aims of completely integrating digital technology into all government operations and plans, making it one of the most future-ready countries in the world.
He added that the establishment of the cloud computing business group is a crucial component of this infrastructure because it would promote open communication among its members and assist the industry in promoting positive legislative changes that will afterwards increase its competitiveness.
Businesses in Dubai have been able to become more nimble, flexible, and efficient because to the adoption of cloud technologies, which has boosted the local economy’s innovation and competitiveness. As the most cloud competitive economy in the Middle East and North Africa, the UAE has consistently outpaced 15 other countries.
Between 2022 and 2030, SMEs and start-ups in the UAE are anticipated to profit economically to the amount of $17.1 billion (Dhs62.6 billion), which is comparable to 2.3% of the UAE’s GDP in 2021.
The new Cloud Computing Business Group will concentrate on fostering the growth of cloud computing businesses and enhancing Dubai’s cloud services industry’s visibility abroad. The business organization will address policy issues pertaining to the industry, among other things, by creating a forum that encourages mutual interaction between sector stakeholders and governmental entities.
The new business group is a part of the chamber’s plans to expand the variety of business organizations that speak for Dubai’s various economic sectors and pursuits. They serve as trustworthy spokespeople and advocates for their particular business sectors and are crucial in suggesting legislative reforms that will increase a sector’s attractiveness and competitiveness while advancing global best practices and fostering economic growth. By March 2023, the Dubai Chamber of Commerce hopes to have business organizations representing 100 different economic sectors and activities.
Miguel Villalonga, CEO of e& enterprise Cloud, one of the business group’s founding members, stated, “The formation of this business group comes at the right time as cloud computing has become integral to businesses and the overall Dubai economy ecosystem. It will serve as a platform for fruitful discussions between stakeholders in the sector.”
Omid Mahboubi, Founder of Mena Cloud Alliance and co-founder of the Cloud Computing Business Group, said, “I am pleased to be part of the establishment of this business group and look forward to constructive dialogues with peer members on ways and means we can support businesses in the cloud computing sector. This business group will be a catalyst for driving adoption of cloud computing in various organizations across the board.”
Moreover, the new Fintech & Payments Business Group has also been launched by Dubai Chamber of Commerce (DCC), one of the three chambers operating under Dubai Chambers, and is intended to bring together businesses of all sizes operating in the fintech and payments sectors in order to foster collegial dialogue, advocate for policy change, and market the emirate as a fiercely competitive international business hub.
The establishment of the new business group is a part of the chamber’s ambitions to expand the number of organizations that speak for Dubai’s many industries and commercial pursuits. This will strengthen these entities’ competitiveness and promote Dubai’s sustainable growth.
The new Fintech and Payments Business Group will play a crucial role in assisting Dubai businesses and giving members important information and analysis on trends throughout the fintech ecosystem so they can take advantage of suggestions for policy and regulatory change and profit from the latest developments in financial technology.
Maha AlGargawi, Executive Director of Business Advocacy at Dubai Chambers, commenting on the launch of the business group, said: “The new FinTech and Payments Business Group is a great addition to our network of business groups, and we believe it will play a pivotal role in supporting members and the emirate’s private sector to drive FinTech growth and serve as a platform to leverage the vast opportunities in this vital sector.”
“Business groups are an important component in creating a supportive, enabling and world-class business environment in Dubai. Through continued transparent discussions, the business group will be able to support essential policy changes that will facilitate and improve the ease of doing business in Dubai and cement the emirate’s position as a dynamic and global business hub.” said AlGargawi
