Dubai is maturing into its role as a global knowledge hub
Thanks to its strategic location, excellent connectivity and extensive services to help you with all aspects of your business, Dubai has become a centre of trade and commerce for the Middle East.
Dubai is home to more than 20,000 international companies, including offices from 124 of the Fortune 500. Our government is pro-business, with the most transparent business regulations in the region, and provides tax-free zones, first-class physical infrastructure and access to an experienced and skilled labour force.
Looking to the future, the UAE National Innovation Strategy is a primary tool to achieve the UAE Vision 2021 and an engine for the growth of distinctive skills and capabilities across the nation, focussing on fostering innovation in seven main sectors: Renewable energy, Transport, Education, Health, Technology, Water and Space.
Launched on October 19, 2014, the strategy spans 30 governmental initiatives to be implemented over a three-year period to foster innovation in these sectors. This includes new legislation, innovation incubators, investment in specialised skills, private-sector incentives, international research partnerships and an innovation drive within government.
- The Creative Community Law in the Emirate of Dubai, issued in 2014 is one example of new legislation, paving the way for Dubai Creative Clusters Authority (DCCA) to spur creative industries in Dubai and attract innovation-based companies to set up and settle in the emirate.
- Located in Dubai Internet City, The Innovation Hub aims to establish around 1.6 million square feet of workspace, catering to start-ups, SMEs and multinationals. When complete in 2019, it is expected to house a workforce of around 15,000 companies of all sizes.
- The Creative Community housed in Dubai Design District will establish around 1 million square feet of workspace, encouraging creativity and innovation and serving as an incubator in the art and design sector.
- An integrated innovation platform called in5 was launched by TECOM Group to support start-ups and entrepreneurs in the media, technology and design sector.
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Dubai is a centre of knowledge and commerce in the Middle East.
To see Dubai’s rapid growth, look no further than its architecture.