Dubai CommerCity, a part of the Dubai Built-in Financial Zones Authority (DIEZ) and the area’s firstly e-commerce free zone, has signed a memorandum of understanding (MoU) with the Dubai Tradition & Arts Authority (Dubai Tradition).
The settlement goals to stimulate the expansion of Dubai’s artistic sector and improve Dubai’s enchantment as a worldwide hub for the artistic financial system.
Based on the Dubai Media Workplace, the partnership aligns with the Dubai Inventive Economic system Technique launched in 2021, which goals to double the contribution of artistic industries to Dubai’s GDP to five%, improve the variety of artistic companies in Dubai to fifteen,000 and supply 140,000 jobs. work in numerous sectors of the artistic financial system by 2026.
The settlement will see each events offering providers to assist set up new companies in artistic financial system sectors and help their long-term development in Dubai CommerCity.
These providers embrace making use of for a long-term cultural visa, a first-of-its-kind 10-year residency supplied to artistic expertise. The chosen cultural and artistic sectors lined by this Memorandum of Understanding to function in Dubai CommerCity are music, high-quality arts, pictures, movie and video manufacturing, online game growth, trend design, graphic design, product design, inside and panorama design , architectural providers, promoting providers and IT and software program providers.
The partnership will present artistic companies with particular incentives, together with artistic actions, logistics, consultancy, options and banking providers and entry to artistic workspaces akin to studios, convention rooms and exhibitions.
Dr Mohammed Al Zarooni, Government Chairman of DIEZ, mentioned: “This settlement displays DIEZ’s dedication to supporting all financial sectors in Dubai, together with the artistic financial system. The cultural and artistic sectors play a strategic position within the nationwide financial system, empowering companies primarily based on data, innovation and creativity.”
Hala Badri, Director Normal of Dubai Tradition, welcomed this partnership as one other step in direction of realizing the emirate’s cultural imaginative and prescient, saying: “We acknowledge the constructive influence of cooperation between private and non-private entities. By way of such collaborations, we search to boost Dubai’s cultural sector and actively improve its artistic financial system.”
Badri added: “By way of our cooperation with Dubai CommerCity, we purpose to strengthen our efforts to help Dubai’s cultural and artistic companies and skills. This can strengthen the emirate’s place as the worldwide capital of the artistic financial system and enhance the contribution of artistic industries to GDP.”
