900 billion dollars expected contributions from the Arab digital economy 2030
Dubai, May 20 / WAM / Dr. Ali Mohamed El -Khoury, President of the Arab Federation for Digital Economy, expected that the contribution of the digital economy in the Arab countries would reach about 15% of the gross domestic product by 2030, equivalent to 900 billion dollars, stressing that the digital transformation has become a national and regional necessity to restore the positions of Arab countries at the heart of the global economy, calling for joint work between governments and the private sector to accelerate the pace of digital transformation.
He stressed in a statement to the Emirates News Agency “WAM”, that the conference and exhibition of digital economics technologies, the Middle East “Sims 2025”, constitutes a leading international platform for converting the Arab digital vision into reality, as its current version attracts more than 30 thousand participants from 100 countries, with the participation of 750 exhibitors and 800 international speakers, and includes more than 200 discussion sessions and 70 workshops covering the digital economy, financial technology and intelligence Artificial and e -commerce.
He explained that the Union launched a new strategic partnership with the Chinese side, which included the establishment of an office for the Arab Federation for Digital Economy in the People’s Republic of China, with the aim of enhancing knowledge exchange and implementing joint projects within the framework of the Arab vision of the digital economy, which has the patronage of His Highness Sheikh Mohammed bin Zayed Al Nahyan, President of the State “may God protect him.”
Dr. Al -Khoury pointed out that the world is witnessing a milestone that calls for flexible economic models capable of adapting to challenges, especially in light of the negative expectations of global growth in 2025 as a result of commercial tensions and high inflation rates, which makes the digital economy a central tool to achieve sustainable growth in the region. He pointed out that the most prominent challenges facing the Arab digital economy are the expansion of the digital gap, the weak human readiness, the delay in developing legislative and regulatory frameworks, stressing the need to intensify spending on technological infrastructure, launch future education and training programs, and reform the legislative system in a way that accompanies innovation and supports the digital business environment.
The President of the Arab Federation for Digital Economy pointed out that “Simmly 2025” constitutes a strategic opportunity to enhance international cooperation and honor the leading bodies through the Arab Digital Economy Award, stressing the Federation’s commitment to support digital integration in the region through qualitative partnerships, which contributes to formulating an Arab economic future based on knowledge and technology.
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