His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, said: “Dubai has become the Silicon Valley of the Middle East”.
Mohamed Ben Rached: "Our vision for Dubai Internet City and the other niche cities we have launched is beginning to bear fruit." |
“Our vision for Dubai Internet City and the other specialized cities we have launched is bearing fruit by establishing new economic sectors, creating new wealth and global businessmen,” he added.
This came during a meeting with His Highness the entrepreneur in the technology sector, Dave Torakhia, who sold his company «Media Dot Net», which is based in Dubai Internet City, for 3.3 billion dirhams.
The meeting was attended by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Minister of Cabinet and Future Affairs Mohammed bin Abdullah Al Gergawi, and a number of officials.
Dubai has witnessed a series of huge billion deals to sell a group of major international companies, including the company «Karim», which sold to the company «Uber» for 11 billion dirhams, and «Souq.com», which amounted to the acquisition of «Amazon» With more than 2 billion dirhams and more, Dubai will remain an incubator for minds and talent and an ideal environment for entrepreneurs and technology.
- Dubai has seen a series of huge billion deals, to sell a group of major international companies.