Dubai tech zones welcome 181 new firms in 2013

Dubai Internet City and Dubai Outsource Zone says expansion is on back of growing ICT industry
Dubai tech zones welcome 181 new firms in 2013
By Andy Sambidge
Fri 14 Mar 2014 10:25 AM

Dubai Internet City (DIC), the MENA region’s largest Information technology cluster, and Dubai Outsource Zone (DOZ), the world’s first freezone dedicated to the outsourcing industry, has welcomed 181 new companies during 2013.

Both zones, which are part of TECOM Investments, a member of Dubai Holding, are now home to 1,600 business partners, which includes over 60 percent of the Fortune 500 companies including Microsoft, Oracle, Dell and Facebook, as well as leading global multinationals and local SMEs and start-ups.

Officials said the ICT industry in the UAE is thriving, with ICT expenditure forecast to grow by 5 percent 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 Sheikh Mohammed bin Rashid Al Maktoum 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 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.

 "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."

For all the latest tech news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.

Subscribe to our Newsletter

Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.