The Dubai Chamber of Digital Economy, one of three chambers operating under the Dubai Chambers umbrella, has announced the formation of the Dubai Digital Assets Business Group (D2A2).
According to Dubai Media Office, the new company will aim to strengthen the role of the digital asset industry in the economic development of the UAE and the entire Middle East region, improve digital business infrastructure and support the growth of digital businesses in Dubai .
The main objectives of the new group of companies include promoting the digital asset industry in Dubai, increasing transparency through market intelligence and data, supporting the interests and growth of digital asset companies and promoting cross-border cooperation.
Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy and Teleworking Applications and Chairman of the Dubai Chamber of Digital Economy, underlined the establishment of D2A2 as a strategic move in line with the Dubai Chamber of Digital Economy’s strategy to grow Dubai’s digital economy to accelerate.
He said the group provides a platform for digital asset companies to unite their voices, address market challenges and align their ambitions, adding that such efforts will accelerate Dubai’s digital transformation.
Al Olama said that the digital economy is the economy of the future on which the pillars of the development process are based, and the D2A2 will be an important reference for providing strategic and timely market research data related to the digital asset sector to industry stakeholders, the private sector, policy makers and government agencies.
For his part, Gaurang Desai, Chairman of Dubai Digital Assets Business Group (D2A2), added: “We see an opportunity to transform Dubai and the UAE into a regional hub for digital assets. For this reason, it is very important to work towards creating a bridge for the digital asset industry to further integrate into the global economy by working with partner organizations around the world. We would like to invite all industry professionals to join D2A2 to help us spread the principles of accountability, integrity and transparency and promote the highest professional and ethical standards.”
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