The UAE has occupied a great share of high-tech start-up deals in the MENA region in recent years.
Digital transformation of state and private enterprises has been widely developed: the construction of smart cities, the introduction of machine learning, big data, new corporate investments, and much more.
According to the new report of the State of Digital Investments in MENA 2013-2017, digital start-ups in the Middle East and North Africa attracted $ 650 million for 2017, 76 percent of the total investments are in the UAE.
The authors of the report concluded that the UAE is still leading as a regional start-up center – both: in terms of the number of investors and the number of transactions.
A constant focus on innovation and government initiatives to create many new investment opportunities strengthens the UAE’s position as an entrepreneurial center of the region. The projects affect a wide range of spheres of life.
The share of the UAE accounts for almost one third (32%) of all investors in the Middle East and North Africa region. Together with Saudi Arabia, Lebanon and Egypt, the Emirates made 70% of all investments in digital start-ups in the region in 2017. The report says that the UAE has attracted 298 innovative start-ups.
Dubai will continue to form a world-class competitive environment for innovation by simplifying the rules of doing business, in accordance with the Dubai 2021 plan.
Artificial intelligence and blockchain already change existing models and processes of service, and also transform the entrepreneurial market. Dubai and the UAE provide an ideal platform for innovative enterprises and digital start-ups for international growth.
The introduction of smart city technologies creates in Dubai a digital infrastructure that improves the quality of life of residents and visitors.
Here are some of the existing digital projects in Dubai, TOP-3:
– The implementation of the 10x project, managed by the Dubai Future Foundation, should lead to the fact that Dubai will be 10 years ahead of the rest of the world in terms of the introduction of revolutionary technologies.
– The program called Dubai Future Accelerators deals with key “opportunities of the XXI century”, including artificial intelligence, robotics, genomics, 3D printing, distributed registries, biotechnology, as well as new business models and working practices.
– The launched project Dubai Pulse, for example, will combine all relevant data on Dubai at a single platform that will provide access to all data and operations in real time. This platform will help heads of state institutions and bodies to make quick decisions and develop new projects.