Dubai Internet City, or DIC, the Mena region’s largest ICT cluster, and Dubai Outsource Zone, or DOZ, the world’s first freezone dedicated to the outsourcing industry, demonstrated significant growth over the course of 2013 and welcomed 181 new companies into their offering.
The ICT industry in the UAE is thriving, with ICT expenditure forecast to grow by five per cent to over $15 billion in 2014, according to a recent report by leading global market intelligence firm IDC. 2013 also saw significant developments within the industry, including the announcement by His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minster of the UAE and Ruler of Dubai, in October that Dubai would be developed into a ‘Smart City’ which will drive the emirate’s ICT and technology industry.
Majed Al Suwaidi, managing director, DIC and DOZ, said: “2013 was a very positive year for Dubai, with the winning of Expo 2020 and the introduction of Dubai’s Smart City initiative. It has also been a strong year for DIC and DOZ, with the welcoming of a large number of new companies into our community, and the expansion of some of our largest existing business partners.”
“Supporting entrepreneurs as well as our larger partners has been a focus over the past year, and we have witnessed great synergy between some of our larger established partners and start-ups and entrepreneurs,” he added. “For example, a MoU was signed between Microsoft and in5 at GITEX to provide in5 start-ups with access to Microsoft’s BizSpark software program, solidifying their commitment to start-ups,” he explained.
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