This advanced press report was prepared to cover the background and details of Dubai Chambers signing an intelligence memo with Nasscom and related topics in the global technology and regulatory sector.
Article Index:
- Signing a strategic memorandum of understanding with India’s Nasscom
- Supporting the private sector and technology entrepreneurship
- Executive Committee for Agentic and Autonomous Artificial Intelligence
- Frequently Asked Questions
Signing a strategic memorandum of understanding with India’s Nasscom
Dubai Chambers has signed an expanded strategic memorandum of understanding with the National Association of Software and Service Companies in India (Nasscom) aimed at enhancing and developing frameworks for joint cooperation in agentic and autonomous artificial intelligence, as well as providing supportive facilities for the growth and expansion of Indian technology companies specializing in these future technologies starting from the emirate of Dubai.
The provisions of the memorandum stipulate that both sides will work closely together to build strategic partnerships between stakeholders and innovation ecosystems in the autonomous artificial intelligence sector in both Dubai and the Republic of India, alongside exchanging specialized expertise and knowledge and launching joint research initiatives and projects.
The agreement aims to help major Indian companies specialized in advanced artificial intelligence and deep tech establish their headquarters and expand their operations by connecting them with promising investment opportunities in Dubai and the emirate’s distinguished economic partnership ecosystem to serve regional and international markets.
This partnership contributes to opening wide horizons for bilateral cooperation between startups and innovators in both countries, to benefit from Dubai’s advanced digital infrastructure and the stimulating legislative environment for establishing and incubating artificial intelligence and advanced technology projects.
Supporting the private sector and technology entrepreneurship
Areas of joint cooperation will include organizing specialized business events and sectoral conferences for agentic artificial intelligence, and launching initiatives to enhance direct communication channels between companies, investors, and entrepreneurs in Dubai and India.
Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, stated: “Dubai’s efforts to support the private sector’s transition toward adopting agentic and autonomous artificial intelligence solutions represent a leading global initiative to enhance the competitiveness of the business community and help companies make optimal use of advanced technological applications in the economy of the future. At Dubai Chambers, we are expanding the scope of international partnerships to build an integrated ecosystem that accelerates business adoption of these technologies, raises efficiency and productivity, and creates promising opportunities for sustainable economic growth.”]
The initiative provides an ideal platform to showcase the latest autonomous AI agent solutions and facilitate commercial partnerships and joint ventures between Emirati companies and their Indian counterparts, thereby boosting intra-trade flows and investments in the sustainable knowledge-based economy.
Executive Committee for Agentic and Autonomous Artificial Intelligence
Nasscom represents the interests of India’s giant technology industry, valued at $315 billion, and includes in its membership more than 3,500 specialized companies ranging from innovative startups to global multinational corporations.
As part of implementing this strategic initiative, Dubai Chambers formed the “Executive Committee for Agentic and Autonomous Artificial Intelligence” last June, which is tasked with accelerating the pace of business adoption of these technologies, adopting specialized training paths, designing advanced business incubators for startups in the autonomous AI sector, supporting the growth of specialized enterprises in these solutions, and solidifying Dubai’s position as a global capital for the digital economy and future industries.
This direction aligns with the objectives of the Dubai Economic Agenda D33, which aims to double the size of the emirate’s economy, cement its position among the top three economic cities worldwide, and make it the fastest-growing global hub for attracting and expanding technology companies and future industries.
Frequently Asked Questions
Question: What are the main objectives of the memorandum of understanding between Dubai Chambers and Nasscom?
Answer: It aims to enhance cooperation in autonomous artificial intelligence and support the expansion of Indian deep tech companies in Dubai.
Question: What is the size of the technology industry represented by India’s Nasscom association?
Answer: Nasscom represents the Indian technology sector with a size exceeding $315 billion and includes more than 3,500 specialized companies.
Question: What are the duties of the Executive Committee for Agentic Artificial Intelligence at Dubai Chambers?
Answer: It is responsible for approving training tracks, establishing specialized business incubators, and supporting the growth of autonomous technology companies in Dubai.
Question: How does the partnership contribute to boosting Dubai’s digital economy?
Answer: It contributes to attracting foreign direct investment, recruiting tech talent, and accelerating business automation in the private sector.
