Dubai, UAE – The UK Government and Dubai will deepen their data partnership and promote the use and exchange of data, a joint statement issued on Friday by the UK Government and Dubai International Financial Centre (DIFC) said.
There are as many as 5,000 British companies operating in the UAE, many of which depend on safe data transfers.
International data transfers underpin modern-day business transactions and financial services. They help streamline supply chain management and allow for financial inclusion, so that businesses anywhere, particularly those in the Middle East, Africa and South Asia (MEASA) region with ties to the UK, can scale and trade globally.
“DIFC is a destination for culture and commerce, but its key distinguishing factor is its legal and regulatory framework,” Arif Amiri, CEO of DIFC Authority, said. “The sound infrastructure built by our legislation is adaptable yet resilient enough to cater to essential, innovative legal principles and best practices that support key business activities in DIFC. The DIFC Data Protection Law 2020 is a prime example of that, and the joint statement issued today with the UK government confirms it.”
Julia Lopez, UK Minister of State for Media, Data and Digital Infrastructure, said: “Trusted data transfers can unlock huge potential for trade, investment and innovation around the world. The UAE has always been an important destination for UK businesses, and I look forward to strengthening our partnership through the free and secure flow of data in the future.”