Dubai, UAE — Known as the “city of the future”, Dubai is a leading center for innovation and future-proofed business models. With its forward-thinking focus, the city has recently astonished the globe with the high-tech gadgetry it has put in place.
Dubai boasts a thriving community of startup incubators and accelerators, as well as regulatory sandbox schemes for the development and testing of new tech business models. The city tops the list for foreign direct investment (FDI) and technology transfer in startups, AI and robotics sectors.
UAE’s strategic location between Asia, Africa, and Europe is one of the key reasons Dubai is a desirable destination for both tech startups and global tech giants.
Furthermore, the country’s new regulations, ranging from new free zones that allow 100 percent foreign ownership to golden and remote working visas to recent appealing tax and work regulations, have attracted large tech companies and even SMEs to open offices in the country to benefit from the global talent pool.
TRENDS takes a look at what makes the emirate a magnet for tech industry:
