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Sat 29 Jun 2019 12:30 AM

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Russia opens Dubai Internet City hub for tech firms

Russian Centre for Digital Innovations and Information and Communication Technologies will serve as a springboard for Russian firms looking to launch and expand their operations in region

Russia opens Dubai Internet City hub for tech firms

The first Russian Centre for Digital Innovations and Information and Communication Technologies has been launched in Dubai Internet City (DIC), the technology business community.

The centre, facilitated by the Russian Export Centre (REC), is one of the largest and only business support platforms for Russian tech firms outside their home country.

The launch follows a memorandum of understanding signed between DIC and REC during Gitex 2018.

The centre will serve as a springboard for Russian businesses looking to launch and expand their operations within the lucrative developing markets of the Middle East and North Africa region, a statement said.

Ammar Al Malik, managing director of DIC and Dubai Outsource City (DOC), said: "The launch of the new Russian digital centre in DIC adds an exciting new layer of activity to Dubai’s tech landscape by stimulating the economy and providing businesses new opportunities to leverage.”

He added: “Over the years, we have seen a host of organisations, ranging from global tech giants to exciting local startups set up their base within the community and achieve their fullest potential. We are keen to offer the same support and enabling infrastructure to Russian technology companies venturing into the region.”

Muhammad Shiha, CEO of Russian Centre of Digital Innovation & ICT, said: “An increasing number of Russian tech entrepreneurs and investors are pursuing new avenues of growth for their organisations. Our work is to build on their excellent reputation and the fact that they are reliable potential partners with good quality and value priced services."

The Russian Centre for Digital Innovations and Information and Communication Technologies will be home to Russian small and medium-sized enterprises (SMEs) and startups, as well as large Russian tech companies that operate on a global level.

The opening of the centre comes at a time when trade between the UAE and Russia amounts to $3 billion while the number of Russian tourists visiting the UAE reached 820,000.

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