Co-founder and CEO of Snapchat

Maktoum bin Mohammed: Social media companies have made Dubai a major station for their global spread

Maktoum bin Mohammed while receiving Evan Spiegel.

From the source

His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, received yesterday at the Leaders Building at the headquarters of "Expo 2020 Dubai", the co-founder and CEO of Snap Inc., the global owner and operator of one of the largest communication applications. The social network spread around the world, which is the application "Snapchat", by Evan Spiegel.

His Highness said in a tweet on Twitter yesterday: "I met with Mr. Evan Spiegel, founder and CEO of the global company (Snapchat), and we talked about the social media boom and its companies that made Dubai a major station for its global spread.

Our position in the world of the digital economy today was established by Sheikh Mohammed bin Rashid more than 20 years ago, and our leadership for it continues in the future.”

The meeting dealt with the great development taking place in the field of social media and its expanding and spreading platforms around the world, and Dubai's keenness to strengthen cooperation with major international companies specialized in this field, in accordance with the vision and directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler Dubai, in confirming Dubai’s leadership in the field of digital economy, and giving it a distinguished position as a major center for technology and media in the region, as an extension of its legacy in this field, which it began to consolidate its foundations more than 20 years ago by establishing the “Dubai Internet” and “Dubai Media” cities, within the community It is the largest day of its kind for technology and media companies in the region, within the "TECOM Group", which includes more than 95,000 elite creative minds in the world.

The discussion touched on Dubai’s aspirations to pioneer the future of the digital economy, and to confirm its position as a major destination for talent, minds and capital in this field, by creating an atmosphere that attracts investments and supports companies of various sizes, with an interest in encouraging entrepreneurship and small and medium companies to benefit from the supportive environment offered by Dubai. And a well-developed infrastructure and legislation that guarantees it success and distinction, as Dubai has contributed to the arrival of many start-up companies to the world within billions of deals.

His Highness exchanged a dialogue with the CEO of "Snapchat" International, about Dubai's strategic direction in the transition to the digital environment, and the accompanying steps that support this trend, and make Dubai's experience an inspiring model in keeping pace with the times and its requirements, and adopting steps that ensure the preservation of gains achieved for Dubai in the field of comprehensive economic development, and for the benefit of society, at a time when Dubai is concerned with documenting its strategic partnerships with major international companies capable of moving forward with it in the journey of consolidating its position as a globally distinguished destination in the field of digital transformation, and the transition to a smart environment, Encouraging creativity and innovation.

For his part, Evan Spiegel expressed his thanks and gratitude for the support provided by Dubai and the UAE to Snap Inc., the owner and operator of the Snapchat application, with the launch of its business in the region by establishing its headquarters in Dubai Internet City, which was the ideal platform for the company's expansion. for its scope of business, as well as expanding its client base in the Middle East and North Africa.

Snap Inc opened its regional headquarters in Dubai Internet City in 2017, where the global company benefited, through its presence in Dubai, from acquiring broader experiences about the region and its requirements, which enabled it to provide content products and platforms that suit the needs of its users, in partnership with companies local and regional.

The Middle East and North Africa region is one of the important markets for the global company, as the company has used its presence in Dubai to expand its business in the region during the past five years, at a time when it is estimated that the number of Snapchat users around the world is estimated at 319 million users. per day, according to the statistics of the last quarter of 2021.

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