His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, announced on 29 October 1999 the establishment of Dubai Internet.
Dubai Internet attracted a large number of state-of-the-art technology companies such as Microsoft and Cisco.
It has become the starting point for startups of global companies, most notably "Karim" and "Souq.com".
More about Dubai Internet in the following video: