Dubai launches strategy to double creative companies
DUBAI, 5 hours, 2 minutes
ago
Launched by Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, the Dubai Creative Economy Strategy aims to double the creative industries’ GDP contribution to 5% of Dubai’s economy by 2025, from 2.6% at the end of 2020.
The new strategy seeks to more than double the number of creative companies based in Dubai from 8,300 to 15,000 within the next five years, and more than double the number of creators based in the emirate, from 70,000 to 140,000, reported state news agency WAM.
To achieve its goals, the Dubai Creative Economy Strategy includes upgrading the legal and investment environment needed to spur the growth and prosperity of creative industries in Dubai, to enhance the emirate’s attractiveness to creators, investors and entrepreneurs as well as local, and global investments in creative industries.