Dubai CommerCity, Dubai Culture sign MoU to support and incentivise new creative economy businesses

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UAE
  • Date: 08-Aug-2022
  • Source: Zawya
  • Sector: Economy
  • Country: UAE
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Dubai CommerCity, Dubai Culture sign MoU to support and incentivise new creative economy businesses

DUBAI - Dubai CommerCity, part of the Dubai Integrated Economic Zones Authority (DIEZ) and the region’s first and leading e-commerce free zone, signed a Memorandum of Understanding (MoU) with Dubai Culture and Arts Authority (Dubai Culture) to create a healthy ecosystem and further stimulate the growth of Dubai’s creative sector and enhance the emirate’s attractiveness as a global hub for the creative economy.

The partnership aligns with the Dubai Creative Economy Strategy launched in 2021 by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai. The strategy aims to double the creative industries’ contribution to Dubai’s GDP to five percent, increase the number of Dubai-based creative enterprises to 15,000, and provide 140,000 jobs in various creative economy sectors by 2026.

The agreement will see both parties offering services to help establish new businesses in select creative economy sectors and support their long-term growth in Dubai CommerCity. These services include applying for a long-term cultural visa, a first-of-its-kind 10-year residency offered to creative talents. The selected cultural and creative sectors covered in this MoU to operate in Dubai CommerCity are music, fine arts, photography, film and video production, video game development, fashion design, graphic design, product