How Dubai Internet City Contributes AED 100 Billion to Growth
Dubai Internet City's Role in Shaping the Digital Economy
Dubai Internet City has emerged as a cornerstone of innovation, contributing AED 100 billion to the economy over the last 15 years. This pioneering tech hub is known for its commitment to driving technological advancement and fostering a vibrant business environment.
Impact Assessment and Employment Growth
In collaboration with Accenture, an impact assessment highlights how Dubai Internet City has facilitated the creation of over 125,000 technology jobs. This comprehensive study showcases the profound influence of TECOM Group's initiative on job creation and its vital role in building a strong digital economy.
A Strategic Tech Hub
Established as part of TECOM Group PJSC's vision in 1999, Dubai Internet City has consistently evolved. It not only generates 65% of Dubai's technology sector GDP but also aligns with local strategic initiatives like the Dubai Economic Agenda 'D33'. This forward-thinking approach underlines the importance of nurturing innovation within the region.
Leadership and Vision
Ammar Al Malik, Executive Vice President of Commercial at TECOM Group and Managing Director of Dubai Internet City, emphasized the commitment to fostering innovation. "Our ongoing efforts to enhance the tech ecosystem are fundamental to driving sustainable economic growth, benefiting both our people and economy," he stated.
Investment in Talent and Training
The community at Dubai Internet City has made significant investments—AED 1.6 billion—towards talent development programs over the years. Housing more than 4,000 customers, including Fortune 500 companies, the district continues to attract skilled professionals and supports burgeoning start-ups.
Celebrating Milestones and Future Prospects
Marking its 25th anniversary, Dubai Internet City stands as a testament to the power of the technology sector in the UAE. Its diverse community presents opportunities for collaboration and innovation, drawing in professionals from over 150 countries. The continued focus on operational support helps streamline business processes through more than 200 corporate and government services available through TECOM Group's axs portal.
Empowering Women and Start-ups
Women play a significant role within Dubai Internet City, making up over 25% of the workforce. Remarkably, the number of women-led start-ups has doubled since 2021, showcasing a shift towards inclusivity and diversity in the tech industry. Furthermore, start-ups in the district have raised AED 8 billion in funding, highlighting the support provided to innovative entrepreneurs.
Driving Innovation and Global Partnerships
For 25 years, Dubai Internet City has facilitated over 800 events since 2021, promoting knowledge exchange and collaboration among global industry leaders. The presence of companies like Oracle, Google, and Dell illustrates its stature as a premier hub for technological innovation.
Part of a Broader Landscape
As a key component of TECOM Group's portfolio, Dubai Internet City is interconnected with several other specialized business districts. This synergy strengthens the overall digital economy in the UAE, enhancing collaborations and opportunities.
About Dubai Internet City
Dubai Internet City is a pioneering business hub that actively shapes the regional digital landscape. With more than 4,000 businesses and a community of 31,000 professionals, it serves as a critical platform for multinational companies and startups alike, enabling innovative developments across various sectors.
Frequently Asked Questions
What is Dubai Internet City?
Dubai Internet City is a tech hub that supports innovation and growth in the digital economy, fostering an ecosystem for businesses and professionals.
How much has Dubai Internet City contributed to the economy?
Dubai Internet City has contributed AED 100 billion to Dubai's economy over the past 15 years.
What types of companies are located in Dubai Internet City?
The hub hosts over 4,000 companies, including global tech giants, multinational corporations, and innovative startups.
What impact has Dubai Internet City had on employment?
More than 125,000 jobs have been facilitated due to the operations and presence of businesses in Dubai Internet City.
How does Dubai Internet City support talent development?
Dubai Internet City has invested AED 1.6 billion in training and development programs to nurture talents in the tech sector.
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