Burj Al Arab, Dubai, United Arab Emirates
Burj Al Arab, Dubai, United Arab Emirates Roman Logov/Unsplash

Dubai Chamber of Digital Economy and Irish state economic development agency Enterprise Ireland have signed a memorandum of understanding (MoU) to create a digital bridge between the United Arab Emirates (UAE) and Ireland.

The signing ceremony took place at Dubai Chambers headquarters on Tuesday in the presence of Omar Sultan Al Olama, minister of state for artificial intelligence, digital economy and remote work applications and chairman of Dubai Chamber of Digital Economy.

Mohammad Ali Rashed Lootah, president and CEO of Dubai Chambers, and Saeed Al Gergawi, vice president of Dubai Chamber of Digital Economy, were also present during the signing ceremony.

The Republic of Ireland, on the other hand, was represented by Dara Calleary, the country's minister of state for trade promotion, digital and company regulation; Alison Milton, ambassador of the Republic of Ireland to the UAE and Leo Clancy, CEO of Enterprise Ireland.

The objective of this strategic agreement is to connect Dubai-based companies with Irish businesses and create rewarding opportunities in several fields including technology, manufacturing and clean energy alongside environmental, social and governance practices.

Lootah explained Dubai's important role in the global business landscape, noting that the city serves as a vital gateway for the growth and expansion of companies from around the globe.

"The emirate is continuing to consolidate its position as an ideal platform that brings together creative ideas and innovative entrepreneurs – particularly in the field of modern digital technologies – creating more opportunities, building promising partnerships, and developing effective solutions and pioneering projects," he said, as per WAM.

According to the president and CEO of Dubai Chambers, this partnership between the Dubai Chamber of Digital Economy and Enterprise Ireland showcases a significant step for business communities in both countries including small and macro businesses.

"By sharing local expertise and exploring mutual opportunities, the agreement will increase the volume of mutual trade and investment and support the growth of the digital economy," he added.

Clancy, on the other hand, noted that the "demand for Irish innovation in Dubai and across the UAE is high," adding that with the help of this agreement, the state agency can collaborate with the Dubai Chamber of Digital Economy to facilitate strong connections.

"By focusing on technology, manufacturing, and clean energy, this agreement aligns with our commitment to supporting Irish enterprises in expanding their global footprint. Together, we are unlocking opportunities that will drive growth, innovation, and success for businesses in Dubai and Ireland," he said.

Dubai Chamber of Digital Economy is aligned with Dubai Economic Agenda (D33) goals, which is to make Dubai rank in the top four global financial hubs by 2033.