Her Excellency Maitha Majid Al Suwaidi, CEO Media Strategy and Policies Sector at the Emirates Media Council, affirmed that the UAE represents a global model in developing the content industry sector, noting that the country has invested over more than 25 years in building an advanced infrastructure, attracting talents from all over the world, and developing stimulating legislation that keeps pace with global changes.
This came during her participation in a session titled “Infrastructure for the Content Industry Economy” at the Billion Followers Summit, which concluded its activities yesterday in Dubai, with the participation of His Excellency Abdulrahman Majrashi, Head of the Government Communication Center and Official Spokesperson for the Saudi Ministry of Media.
Maitha Al Suwaidi said that the content industry sector is witnessing rapid growth and provides exceptional economic opportunities that must be taken advantage of and built upon to continue the growth and prosperity of this new sector.
She explained that the size of the content industry sector currently amounts to $250 billion, and is expected to exceed $500 billion in the coming years, likening its size to the gross domestic product of a country like Singapore or five European countries combined, such as Iceland, Luxembourg, Malta, Estonia and Cyprus.
She stressed that the legislative system in the UAE constitutes a fundamental pillar for stimulating the content industry economy, noting that the country is constantly working to update legislation to keep pace with the rapid transformations in the digital and media sector, with the aim of protecting the rights of influencers and the public and enhancing transparency and commitment to professional standards.
