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Digital economy is next priority: Sheikh Mohammed

Wam/Dubai
Filed on August 18, 2020 | Last updated on August 18, 2020 at 06.21 am
Digital economy, next priority, Sheikh Mohammed,
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai.-Wam

The digital readiness of the UAE government is to ensure business continuity, regardless of the circumstances.

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, said that the next priority of the UAE, is to increase the contribution of digital sector in the national economy, and to promote smart infrastructure of the nation.

Sheikh Mohammed further said, it will enhance the digital readiness of the UAE government to ensure business continuity, regardless of the circumstances.

"Digital economy is a key catalyst for the growth and development of new economic sectors, and increase our international competitiveness and in the economy of the future," he said while reviewing future work plans of Ministry of State for Digital Economy, AI and Remote Working Applications on Monday.

He reviewed future work plans of the ministry in term of AI, digital economy, and remote work applications, as the country gears up to develop government work post Covid-19, given the importance of digital economy and smart application in managing businesses and supply chains locally and internationally.

Sheikh Mohammed added that the digital economy's contribution towards local gross domestic product (GDP) in 2019 reached 4.3 per cent, where a dedicated minister was appointed to handle this subject and double the number.

"Digital economy proved its importance and efficiency during the pandemic," he said.

"Digital economy doesn't require huge infrastructure or huge financial resources, as it requires brighter minds."

Sheikh Mohammed also said that the future holds many changes in the domain of healthcare, education and commerce, where have to be ready for it starting from today.

It was during the meeting, that Omar Al Olama, UAE Minister of State for Digital Economy, AI and Remote Working Applications, also briefed Sheikh Mohammed about plans of the ministry, which seeks to develop tools and infrastructure to further promote the UAE leadership in this domain.

 


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