Posted inEmergent Tech

Dubai introduces new government arm to strengthen the UAE’s digital assets industry

The key objectives include promoting the digital asset industry in Dubai, boosting transparency through market intelligence and data, supporting digital asset companies and foster cross-border cooperation

Dubai to boost Digital assets industry with Digital assets business group
Dubai to boost Digital assets industry with Digital assets business group

The Dubai Chamber of Digital Economy, one of three chambers operating under the umbrella of Dubai Chambers, has formed the Dubai Digital Assets Business Group (D2A2). The group aims to strengthen the digital asset industry’s role in the economic development of the UAE and the wider Middle East region, enhance digital business infrastructure and support the growth of digital companies in Dubai.

The key objectives of the new business group include promoting the digital asset industry in Dubai, boost transparency through market intelligence and data, support the interests and growth of digital asset companies and foster cross-border cooperation.

Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy, and Teleworking Applications, and Chairman of Dubai Chamber of Digital Economy, noted, “The group provides an ideal platform for companies operating in the digital asset sphere to unify their voices, address market challenges and align their ambitions, which will accelerate Dubai’s digital transformation, and achieve the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, to cement the emirate’s position as a global capital for digital economy.”


For his part, Gaurang Chairman of Desai, Dubai Digital Assets Business Group (D2A2), commented, “We see an opportunity to turn Dubai and the UAE into a regional hub for digital assets. That is why it is very important to work towards creating a bridge for the digital asset industry to further integrate into the world economy by cooperating with counterpart organisations across the world. We wish to welcome all experts in the industry to come and join D2A2, to help us spread the principles of accountability, integrity and transparency, and promote the highest professional and ethical standards.”