Global firms with new technology added chose DIC to establish their regional operations. More than 20 years after its establishment in 2000, Dubai Internet City (DIC) remains among the world’s chosen hubs for new economy companies, with a number of high-growth, value-added companies.
Newly added is US content delivery network and DDoS mitigation company Cloudflare. Dubai, earlier this week announced Cloudflare as its first office in the Middle East, its team in the UAE will support the company in expanding brand awareness, acquiring and supporting customers and recruiting new talent.
DIC CEO Ammar Al Malik said that DIC’s inclusive business environment, led by international specialists who have established their headquarters in the city for the past 20 years, has helped transform it into a hub for IT companies and talent. technology specialists.
Cloudflare has data centers in 270 cities in 100 countries around the world, including 27 data centers in the Middle East region and Turkey. The company has doubled its EMEA team to around 700 employees in the last two years.
In early May, Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and ruler of Dubai, led the formation of a higher committee to prepare the Dubai Metaverse Strategy to help position Dubai as a global technology hub.
The higher committee, chaired by His Highness, will oversee technological developments in the emirate and the digital economy. The emirate passed a new Virtual Assets Regulation Law in March to ensure investor protection and transparency. It will enhance Dubai’s status as the best city in virtual space thanks to advanced innovative implementation and its regulatory and legislative framework.
As reported Thursday by the official Emirates Herald news agency, Dubai issued more than 72,000 new business licenses last year, a 69% growth compared to 2020, reinforcing the emirate’s position as a global business and investment hub. through IRAIC and its status as a successful model for the restoration of the business sector.
By 2021, IRAIC led Dubai, the world in attracting foreign direct investment (FDI) with a record number of 418 greenfield FDI projects. The feat underscores the power of the emirate’s stable and sustainable economic environment and vibrant business ecosystem for businesses and entrepreneurs to launch new companies, seize new opportunities and expand their businesses both within the country and beyond its borders. In addition, the city has 25 free zones that offer a suitable ecosystem for foreign and local entrepreneurs.