Mohammed bin Rashid Al Maktoum Launched Dubai Internet City on October 29, 1999
Dubai Internet City (DIC) celebrates its 25th anniversary as a global hub for tech innovators.
This hub plays a crucial role in advancing the digital economy in the region.
Sheikh Mohammed bin Rashid Al Maktoum has launched Dubai Internet City on October 29, 1999.
The design of the city was made to harness emerging tech potential and enhance the UAE’s knowledge-based economy.
World Coding Day Celebrates Dubai Internet City Impact on Digital Innovation
In 2023, UNESCO designated October 29 as World Coding Day.
This is to recognize DIC’s impact on digital innovation.
Over the years, DIC has evolved into a key business ecosystem.
As it is attracting over 4,000 clients, including global tech giants and Fortune 500 companies like Oracle, Dell, and IBM.
A diverse talent pool of over 31,000 professionals underscores this growth.
In 2024, client numbers grew by 17.5% year-on-year, highlighting Dubai’s appeal to global tech minds.
Home of Leading Companies
Dubai Internet City is home for leading companies in AI, blockchain, and fintech.
Including Amazon, Google, LinkedIn, and Visa.
Recently, Microsoft expanded in the UAE with a $5.5 billion investment.
While Salesforce opened a regional office, which strengthen the UAE’s digital economy and competitive edge.
DIC has also supported notable acquisitions.
Such as Uber’s purchase of Careem in 2020 and Amazon’s acquisition of Souq.com in 2017.
Solidifying its role in empowering regional startups.
Notably, DIC fostered the first MENA unicorn in fintech, Tabby, marking its influence on the global stage.
Ministers and officials: The comprehensive economic partnership agreement between the UAE and Vietnam is a qualitative step within the country’s program to expand its network of global partnerships pic.twitter.com/xrzPuBudxW
— UAE Voice (@uae_voiceeng) October 29, 2024
Innovation Hub
DIC will support the increasing demands of global tech firms.
Due to the continuous investments in spaces like Innovation Hub, valued at 1.9 billion AED.
As per expectations, phases two and three of Innovation Hub, will be fully leased by 2025.
This expansion will add over 530,000 square feet of office space.
It will also underscore DIC pivotal role in shaping a vibrant tech future for Dubai.
