Emirates News Agency – Rising competitive advantages consolidate Dubai’s position as a global favorite destination for international companies and foreign direct investment

With a future vision open to the world, growing competitive advantages consolidate Dubai’s position as a preferred global destination for international companies and foreign direct investment.

Cloudflare is the latest international company to join Dubai’s emerging technology community to manage and expand its business in the Middle East and Turkey.

– Ammar Al Malik: Dubai Internet City has been for over 20 years a pioneering and leading house for the technology industry in the region, attracting the most important international names.

Strong infrastructure, advanced and flexible legislative and regulatory frameworks and a partnership-based approach to business are factors that increase Dubai’s attractiveness as a global business hub.

DUBAI, May 26, WAM / After more than 20 years of establishing one of the largest specialized technology groups in the Middle East, represented by “Dubai Internet City”, the Emirate of Dubai continues to attract large international companies working in this field, similar to the rest of the economic sectors that have proven There is a qualitative advantage with the support of competitive advantages that generally consolidate the position of the emirate as a preferred global destination for major companies and foreign direct investment that have found Dubain the best partner in a march. entitled the joint pursuit of achieving the highest levels of success, in different circumstances and despite the speed of global change around, thanks to a rational approach to work based on consolidating the foundations of a knowledge economy with planning based on meeting current needs and predicting elements of future leadership.

The influx of large international companies in Dubai comes because of its success in confirming its position as the first choice for investors and companies thanks to strong legal frameworks, and laws and regulations based on it that are characterized by the highest levels of transparency and designed to safeguard the rights of institutions and individuals at the same time, which also supports its supportive regulatory environment for business, which tends to pursue the highest standards of good corporate governance and institutions, as well as the partnership approach that Dubai pursues in dealing with various private sector institutions, whether domestic or foreign, with the belief that the successes of its partners contribute to the success of the emirate’s macroeconomic system.

Cloudflare, one of the largest global companies specializing in Internet security technologies, performance and reliability, announced last Tuesday the opening of its first regional headquarters in Dubai Internet City, the first in the Middle East, for improve its growing business in Europe. and the Middle East and Africa, and the company’s focal point for the Middle East and Turkey, which is a model for large international companies that have found Dubai the perfect choice as a vital basis for managing and expanding their business into a rich growth area with growth opportunities, given the demographics of young people who are interested in content online and on a large scale.

Cloudflare has data centers in more than 270 cities in more than 100 countries around the world, to serve a customer base valued at millions, to be one of the largest global companies specializing in this field, services of which cover a wide and diverse range of clients. from internet service providers, cloud computing and institutions worldwide, and for the Middle East and Turkey, the company plans include launching new data centers, increasing market share by building partnerships, expanding customer base and training the local team to improve serve its customers.

– Added value.

Ammar Al Malik, General Manager of Dubai Internet City, believes that Cloudfalre’s merger with the city’s family represents a new added value for its growing community, especially with the nature of the services through which it contributes to building an Internet best characterized by reliability, durability and availability to all. He said: We are proud of Cloudflare’s merger with the city. Dubai Internet and look forward to what it brings in the field of technology in terms of expertise, opportunities and proactive solutions that add value to the collaborative efforts and teamwork done by our partners within the complex, thus contributing to pushing the sector forward and to improve Dubai’s position as a global leader in the fields of innovation, security and cyber security.

Al-Malik claims that technological development and digital transformation have contributed to bringing about radical and profound change in various sectors, as digital infrastructure has become imperative given the broad prospects of the opportunities it brings, noting that security Cybernetics is a fundamental pillar of growing technology. the sector, which is expected to reach more than $ 317 billion by 2027, according to Mordor Intelligence, and then to the global economy as a whole, where technology is the backbone.

The owner notices the integrated business environment developed by Dubai Internet City, which, thanks to its advanced infrastructure and competitive services, has managed to attract international companies to take over their headquarters and for more than 20 years, the city has been a leader and great. home to the technology industry in the region, attracting the most important and largest international companies specializing in this In addition to attracting outstanding entrepreneurs and technical talents.

The Dubai government’s continuing interest in confirming the emirate’s leadership in the field of information technology and keeping pace with its developments is evident through the decision recently issued by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and The Prime Minister of the United Arab Emirates and the Ruler of Dubai, to form a higher committee chaired by His Highness Sheikh Hamdan bin Mohammed Bin Rashid Al Maktoum, the Crown Prince of Dubai, whose mission is to prepare the meta-strategic strategy of Dubai and oversee all future technological developments in the Emirates, in a proactive step. as part of Dubai’s tireless efforts to reaffirm its position as a major business hub and the best place in the world to live, work and visit.

Dubai Internet City, a subsidiary of TECOM Group, is the largest regional business park for technology companies and talents working in their fields in the region. From developers, consultants and others, in one place, which contributed to consolidating the emirate’s position as a first destination for talents and companies working on future solutions and promoting their growth and adoption rates. The city continues to provide a stimulating business environment that encourages communication and exchange of experiences between large companies, start-up businesses and investors.

The most connected cities.

The strong infrastructure that Dubai enjoys in the field of aviation is one of the biggest advantages that increases its connection with the world, even makes it one of the most connected cities in different parts of it, which is a great advantage for crews of international companies in order to facilitate the movement of its people globally from Dubai, as Emirates Airlines operates “Its flights to 138 travel destinations worldwide, while the number of destinations flown Fly Dubai flies to reach 120 destinations.

Dubai International Airport has maintained the first position among the busiest international airports in the world for the eighth consecutive year, expecting 29.1 million passengers during 2021. of the year. Initial expectations indicate that annual passenger traffic at Dubai International Airport is expected to reach more than 58 million passengers by the end of this year.

A fast growing business community.

It is worth noting that Dubai has issued 72,152 new business licenses during 2021, an increase of 69% compared to 2020, despite the difficult economic conditions the world experienced during that period due to the spread of the Covid-19 pandemic, which represents a qualitative leap that reflects the perfection of the business environment in it with all the elements of growth and the ability to attract expertise and investment, making it an ideal incubator for different types of economic activities, while the figures highlight the regional position and global Dubai as the capital of the most developed and fastest growing economy and the ideal environment to embrace and absorb new ideas and support the interests of regional and global Dubai-based companies, especially as new opportunities grow of investments offered in the digital economy.

During 2021, Dubai topped the cities attracting new foreign direct investment projects by attracting 418 new investment projects, thus occupying the first place in the world, from the third place a year ago, in attracting new foreign investment projects. foreign direct investment. in the annual report of the Dubai Investment Development Corporation, one of the institutions of the Department of Economy and Tourism in Dubai.

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