Dubai’s growth trajectory remains strong, with the country recently garnering attention for its positive developments. A key indicator of this progress is the notable increase in GDP, which points to a promising future for various sectors, including services and real estate.
One of the standout contributors to Dubai’s thriving economy is Dubai Internet City, which has firmly established itself as a major player in the emirate’s technology sector. Over the past 25 years, DIC has become an integral part of Dubai’s strategy to position itself as a global tech hub. A recent impact study, conducted in collaboration with Accenture, highlights that Dubai Internet City now accounts for a remarkable 65% of the emirate’s tech GDP.
The study reveals that Dubai Internet City has contributed AED 100 billion ($27.2 billion) to Dubai’s GDP over the past 15 years. This substantial economic input underscores the district’s role in the larger context of Dubai’s economic agenda, particularly the Dubai Economic Agenda ‘D33,’ which aims to solidify the city’s position as a global leader in technology and innovation.
DIC is home to over 4,000 customers, including Fortune 500 companies, global tech giants like Oracle, SAP, and Google, as well as a dynamic community of startups. The district’s reach is far beyond its physical boundaries, as it attracts professionals from over 150 countries, leveraging Dubai’s strategic location as a global gateway for international expansion.
The growth of Dubai Internet City has been important in shaping Dubai’s talent development and knowledge-sharing platforms. Over the years, the district has facilitated the creation of more than 125,000 direct and indirect jobs, with AED 1.6 billion ($436 million) invested in training and talent development. In addition, the number of women-run startups at DIC has doubled since 2021, highlighting the district’s commitment to fostering a diverse and inclusive business environment.
Dubai Internet City’s continued success is also demonstrated by the impressive funding raised by startups within its ecosystem. Over the years, startups in the district have raised AED 8 billion ($2.2 billion) in funding, with notable success stories such as Careem and Souq, which have become unicorns in the region. Additionally, more than 800 events have been held since 2021, further cementing DIC’s role as a hub for knowledge exchange and collaboration.
As Dubai pushes forward with its economic agenda, the success of areas like Dubai Internet City underscores the vast potential within the technology sector.Â
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