Dubai is prioritizing the development of its AED 22.9 billion (US$6.2 billion) cultural and creative sector, and plans to develop integrated infrastructure and launch financial products to attract investment. The Dubai government said yesterday that the emirate has established a framework to assess the health of the industry and established a network to understand the needs of its creative community. According to the country’s first statistical study on the performance of Dubai’s creative industries, the industry accounted for 2.7% of Dubai’s economy in 2019, compared to 2.6% in 2018. The output value in 2019 was 22.2 billion dirhams, compared with 20.8 billion dirhams the previous year.

The emirate outlined a five-year plan in April to increase the industry’s contribution to its economy to 5%, increase the number of cultural and creative institutions to 15,000, create 140,000 jobs, and prepare for The creative people involved are issued long-term visas. Start business in Dubai.

"The results of the study demonstrate a positive and healthy industry performance," said Hala Badri, Director General of Dubai Culture. "The government's efforts to develop the sector are also fully in line with the diversification of the economy and income sources to create new and promising Economic sector". Dubai Culture has a clear strategy to support the creative economy, and through its private and public sector partners, it has established a comprehensive system of incentives and funding programs. She said that the UAE has made the creative economy a priority — not only during the recovery from the coronavirus pandemic, but also in the coming decades — as it seeks to become a global center for investment in creative industries.

Research shows that the number of profitable enterprises in the cultural and creative industry increased from 8,352 in 2018 to 9,772 in 2019, and the number of jobs created in 2019 increased by 9.6% year-on-year to 75,998. In 2019, small and medium-sized institutions accounted for 99% of the industry, or 9,749 companies.

The development of the Al Quoz Creative Park is a strategic pilot project. In the next few years, a comprehensive innovation zone will be established in the UAE to support the health of the industry and promote the development of more creative enterprises. The attractiveness of entrepreneurs will have a great impact, the government said. To expand the industry, Dubai will develop integrated infrastructure to support the creative community and the production of creative products and services. The AlQuoz creative district will become a comprehensive creative district that will support the industry in Dubai and enable the emirate to compete with other cities. More creative zones will be established in the future. The emirate will also provide new and innovative financial tools and credit lines to guide investment in the creative economy and support entrepreneurs with the best ideas.

Keywords: creative industries, culture, economy

It will also establish the Dubai Creators Network, a gathering of people and institutions engaged in the creative economy to determine their growth needs.Editor/Baohongying、design/zhangtao