Welcome to learn and discuss the business possibilities in data economy in the United Arab Emirates! Data Economy Program will launch their study of the data economy in the UAE with Gambit Delys.
The UAE is unquestionably one of the most exciting nations in a rapidly transforming region, fueled by an ambitious vision for the future. Central to its goals is becoming a global digital powerhouse, driven by a thriving data economy. Through groundbreaking policies, forward-thinking regulations, and seamless collaboration between the public and private sectors, the UAE is setting new standards in data-driven innovation and economic transformation.
Business Finland's Data Economy Program and Gambit Delys have conducted a study which aims to increase the understanding of the data economy ecosystem of United Arab Emirates. The main goal is to identify relevant players in the country and the region to provide knowledge and reinforce decision-making for Finnish companies willing to expand their businesses to the UAE.
Join us for an exclusive webinar to explore how the UAE’s data economy is shaping the future and the unparalleled opportunities it offers for Finnish businesses and innovators. You will also have the chance to discuss about the market opportunities with the experts of the field. The event is held in English and it will be recorded. Joining the webinar is free of charge. Welcome aboard!
Agenda
14:00-15:00
- Welcoming words, Victoria Ivanova, Senior Advisor, Business Finland
- Greetings from the Embassy, Emilia Mustajärvi, the deputy Head of Mission, Embassy of Finland in Abu Dhabi
- The launch of the data economy study in the United Arab Emirates, Igor Lys, Founder, Gambit Delys
- Introduction to the UAE and its significance on the world-stage
- Understanding the Data Economy & the Data Value Chain
- How has the UAE created the perfect enabling environment for data-first businesses
- Case Study 1 – Public Sector
- Case Study 2 – Private Sector
- Areas of opportunity & doing business in the UAE – a primer
- Q&A
Please note that the agenda is subject to changes.
Data Economy and the United Arab Emirates
UAE has been actively investing in developing its digital infrastructure and technology sectors. The country has a target of becoming a regional and, even more ambitiously, a global hub for the data economy. Data driven industries are seen as the major pillar of the economic diversification strategy. In April 2022 UAE government launched its data economy strategy with the goal of increasing data economy’s contribution to the national GDP from 9.7% in 2022 to 19.4% in 2032. Since then, it has been working on shaping the regulatory framework, fostering innovation, working on smart city projects and implementing AI (UAE has a ministry of AI) among other initiatives.
The UAE has a GDP of 415 Bn$ (Finland 300 Bn$) and it’s growing at 4% annually. Moreover, the UAE secured its position as the foremost Arab and regional hub for E-commerce. Around 40% of the UAE’s population engages with government digital services more than once every week.
