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While the UAE has been a global player in the transport and logistics market, Dubai’s quest to become a global tech leader has been on a positive trajectory. As such, promoting innovation and entrepreneurship has become a key priority not only for Dubai but the entire Arabian Gulf. From a regional perspective, this smart city is a business hub for African and the Middle East.
Here is how Dubai has started accomplishing its audacious goal to become a global technology and innovation hub.
• Promoting Expat Talent
In 2018, Dubai’s ruler and AUE Vice President Sheikh Mohammed allowed Investors in the region. He also granted 10-Visas to professionals in certain fields, including entrepreneurship. That made Dubai and the UAE at large become a dream destination for foreign investors. That has made a positive impact on the tech industry and startups, especially through retaining top talent and venture capital.
• Cultivating Local Expertise
Fostering long-term, homegrown talent that will match the demand of the market is a difficult task for entrepreneurs across global tech hubs. That’s why Queen Bingo has found great success by helping users find the top online bingo sites. Queen Bingo also helps the users to understand the rules of the game when playing it on the web.
On the other hand, Dubai is greatly cultivating its own innovations and encouraging future generations to continue doing so, which is a bigger step towards its goal achievement. Fetchr has a great success story after filling a gap in the market through the use of GPS location on a user’s Smartphone to send deliveries anywhere at any time.
• Hosting World-Class Events
Dubai has become the heart of the world’s largest meetings in the tech industry. That includes the Blockchain summit Dubai 2018, Future tech week 2018, Future blockchain summit and GITEX technology week, to mention but a few. These trade shows not only cater to Dubai’s community but does so for worldwide regions too. That’s a unique way of buying tech ideas from these industry trade shows.
• Creating Space And Investment
To achieve its goal of being a global tech leader, Dubai has gathered a wide range of support from those in the eco-system. Astrolabs is a good example, a co-working space which is building a thriving technology ecosystem in MENA. Similar to Queens Bingo, Dubai presents an increase in funding opportunities. Queens Bingo is dedicated to ensuring the game’s enthusiasts get the best sites to play the game.
• Accelerating The Pace Of Growth
In the accelerators realm, Dubai houses several regional bases of known accelerator programs in the world. That helps to put startups in front of investors and also improve their viability in the market. A great example is Techstars, an American seed accelerator program that has become a launching pad for ventures like PillPack and ClassPass.
The company has its MENA hub in Dubai, and it has been recruiting of the second cohort of fresh talent.
Besides hosting regional outposts for various international accelerator programs, Dubai also hosts its own programs. The Dubai Future Accelerator Program is a good example. The program recently announced its fifth cohort, with about 40 companies worldwide taking part in the nine-week program. Ten of them were from the UAE.
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