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A leading tech hub
- The UAE, at a federal-level, and Dubai, at an Emirate-level, have a Digital Economy Strategy in place with a vision to become a leader globally when it comes to its technology industry. Under this strategy, the country aims to double its digital economy contribution to national GDP from 9.7% in 2022 to over 20% by 2031, which will include attracting over 300 new digital businesses to Dubai by 2024.
- Dubai has several Emirate-level strategies to promote innovation across the Future of Finance and Future Economies, such as the Dubai Digital Economy Strategy, Dubai Blockchain Strategy, and Dubai Metaverse Strategy.
- Dubai recently ranked 13 on IMD World’s Digital Competitiveness Ranking in 2022 — the highest amongst Arab states.
A leading investment hub
- Consistently ranked first in terms of the number of deals and amount of capital, the UAE had the highest yearly mean evaluation (2022 vs. 2021) across emerging markets, according to MAGNiTT.
- The United Arab Emirates was ranked as the first in the region and 12th globally, by Frost & Sullivans in 2022, for attracting foreign investment and facilitating business.
A leading talent hub
- A magnet for the brightest minds, Dubai plans to support 40,000 jobs by 2023 and has introduced remote work visas to allow individuals to work virtually out of the Emirate.
- The UAE is ensuring growth in its tech sector by introducing several national initiatives to train the next generation of industry leaders, such as the National Program for Coders, CodersHQ, and One Million Arab Coders.
