Tecom units welcome 181 new companies
Dubai, March 12, 2014
Dubai Internet City, an ICT cluster, and the Dubai Outsource Zone, a freezone dedicated to the outsourcing industry, have welcomed 181 new companies last year.
DIC and DOZ are a part of Tecom Investments and are home to 1,600 business partners, which includes over 60 per cent of Fortune 500 companies in the software, hardware, internet services and IT companies category, as well as multinationals, local SMEs and start ups.
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.
The DIC provides infrastructure, support and a dynamic working environment for ICT, mobile and digital start-ups, and currently plays host to 33 tech start-ups and entrepreneurs.
Majed Al Suwaidi, managing director, 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 business partners has been a key focus over the past year, and we have witnessed great synergy between some of our larger, more established business partners and start-ups and entrepreneurs,” he said.
“Over the course of 2014 we will continue to drive the development of the ICT industry as well as start-ups, and to carry forward Dubai’s vision to be a leading knowledge-based economy," he added. - TradeArabia News Service