Dubai Gaming Sector Sees Growth with DPG33
Dubai has announced strong growth in its gaming sector. The Program for Dubai Gaming 2033 (DPG33), overseen by the Dubai Future Foundation, revealed that the city is now home to over 350 gaming-related companies.
Out of these, 260 companies are specialised game developers. This contributes to a global industry valued at USD 200 billion.
Since DPG33 launched in November 2023, more than 60 new companies have been established in Dubai. Of these, 12% are large global firms. This marks a growth rate of 16.6% since the program's launch.
The gaming industry is emerging as one of Dubai's most promising economic sectors.
His Excellency Khalfan Belhoul, CEO of the Dubai Future Foundation, stated that the progress reflects Dubai's future vision. He added that the city's focus is on economic diversification and proactive investment in current and future opportunities.
Belhoul noted that the gaming sector offers strong economic potential. He said Dubai remains a land of opportunity for innovators and creators. The sector benefits from a supportive ecosystem for entrepreneurs, especially in advanced technology and game development.
DPG33 was launched by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, in November 2023. It aims to position Dubai among the world's top 10 global gaming hubs by 2033.
The program also targets the creation of 30,000 new jobs and a USD 1 billion boost to GDP.
DPG33 focuses on: Nurturing talent and entrepreneurship
Embracing tech innovation and digital content creation
It also creates training and job opportunities through global firms and academic partnerships. The program leads local and international events and fosters collaboration among individuals, businesses, and regulators in Dubai and beyond.
The Dubai gaming industry continues to gain momentum, reinforcing its position on the global stage.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
5 hours ago
- Zawya
Egypt: USD/EGP exchange rates edge down on Thursday
Arab Finance: The USD exchange rate to EGP continued declining on Thursday, recording EGP 48.64 for buying and EGP 48.74 for selling at Banque Misr at 1:59 PM. The US dollar traded at EGP 48.62 for purchasing and EGP 48.72 for selling at the Commercial International Bank Egypt (CIB), Faisal Islamic Bank, and the National Bank of Egypt (NBE). Meanwhile, the exchange rate recorded EGP 48.60 for buying and EGP 48.70 for selling at the United Bank and Al Baraka Bank Egypt. © 2025 All Rights Reserved Arab Finance For Information Technology Provided by SyndiGate Media Inc. (
Hi Dubai
17 hours ago
- Hi Dubai
Microsoft Delivers Robust Earnings with Strong Growth in Cloud and AI Services
Microsoft Corporation (NASDAQ: MSFT) has reported outstanding quarterly results, once again beating market expectations and reinforcing its leadership position in cloud computing and artificial intelligence. The highlight of the quarter was Azure, Microsoft's flagship cloud platform, which recorded a 39% year-on-year increase in revenue in constant currency, surpassing analyst expectations of 34%. In a notable first, Microsoft also disclosed Azure's annual revenue, which has exceeded USD $75 billion, underscoring the platform's pivotal role in the company's enterprise growth strategy. Total revenue for the quarter reached USD $76.4 billion, an 18% increase year-over-year, while earnings per share (EPS) surged to USD $3.65, comfortably beating Wall Street estimates. The strong performance was broad-based, with growth across cloud, productivity, and personal computing segments. Despite a record capital expenditure (Capex) of USD $24.2 billion—driven by continued investments in AI and data center infrastructure—Microsoft's operating income climbed by 23% to USD $34.3 billion. Margins continued to expand, highlighting the company's operational efficiency even amid heavy investment. For me, the key investor takeaway is that Microsoft is spending big to stay ahead in AI but is still growing profit faster than revenue, a true sign of a quality business. Josh Gilbert, Market Analyst at eToro, said: "Microsoft's latest results clearly demonstrate its dominance in cloud and AI sectors. The accelerated Azure growth and disciplined capital spending showcase a company perfectly positioned to lead the next wave of technology innovation." We are witnessing a once-in-a-generation technology transformation, and Microsoft is leading the way with accelerating AI monetisation and unmatched cloud momentum." With Azure growth outpacing expectations and AI integration gaining speed across its platforms, Microsoft is demonstrating a rare ability to scale innovation while driving profitability, cementing its position at the forefront of the global tech shift.
Web Release
2 days ago
- Web Release
Scope Markets Appoints Mohanad Yakout as Senior Market Analyst for the MENA region
Scope Markets, a leading provider of multi-asset trading solutions, is pleased to announce the appointment of Mohanad Yakout as Senior Market Analyst for the Middle East and North Africa (MENA) region. With certifications from CISI, IFTA (CFTe), and CMT Level 2, and a degree in Finance & Investment, Mohanad's deep knowledge of global and regional markets spans both macroeconomic and technical analysis as well as strategic client engagement. In this role, Mohanad will deliver high-quality insights to support clients within the MENA region and beyond. Joshua Mahony, Chief Market Analyst at Scope Markets, commented: 'Mohanad brings a rare combination of analytical depth and real-world client impact. His ability to deliver timely, multilingual insights across multiple channels reinforces our commitment to providing best-in-class support for traders and partners.' Mohanad is known for producing market reports, technical outlooks, and live updates in both English and Arabic, making him an important voice in regional and international financial media. He has served as a market spokesperson on platforms such as CNBC, Bloomberg Asharq, and Al Arabiya, where he delivers real-time commentary and strategic analysis on key global events. Mohanad Yakout, Senior Market Analyst at Scope Markets, added: 'Joining Scope Markets is an exciting next step. 'The firm's focus on transparency, research, and client empowerment matches my own approach to helping traders and partners navigate markets with clarity and confidence.' Scope Markets continues to broaden its appeal to clients in the MENA region, strengthening its existing offering, which includes access to regional index pricing on UAE equity exchanges, pricing on gold and silver CFDs in non-USD denominated contracts, local language customer service facilities and funding in local payment options. By expanding its research capabilities in the native language of the region, Scope Markets reinforces its dedication to serving the unique needs of MENA investors and deepening its presence in one of the world's most dynamic financial markets. As part of these efforts, Mohanad will contribute to regional event and media appearances, market publications, and platform-integrated commentary—delivering insight that helps clients act decisively across asset classes in both Arabic and English.
