According to a report, the global digital creative economy represents a Dh27 trillion opportunity for diverse growth driven by young and developing talent, amidst the steady expansion of disruptive technologies like as artificial intelligence (AI), Web3, and virtual reality.
The Digital Creative Economy 2024 white paper by d3 and Dubai Media City, created in collaboration with global digital consultancy Monstarlab, includes opinions from over 20 leaders as well as a survey of 400 design and media professionals based in the UAE and throughout the world.
The release of the white paper coincides with Dubai’s reaffirmation of its position as the global capital of the creative economy, ranking first on the Foreign Direct Investment (FDI) Index for project inflows and job opportunities in the cultural and creative industries in 2023, according to the Financial Times’ fDi Markets report.
The global digital creative economy is expected to grow at a compound annual rate of 11% to a valuation of Dh27 trillion by 2030, according to an innovative market sizing model developed by Monstarlab that reflects the average combined sizes of the global design and media markets, as well as verticals defined by global and UAE standards, such as books, audio-visual media, culture and heritage, visual arts, fashion, and product design.
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