His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, said: "Dubai has become a Silicon Valley Middle East."

"Our vision for Dubai Internet City and other niche cities we have launched is bearing fruit by creating new economic sectors, creating new wealth and global businessmen," he added.

His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, met with His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Internet City. Mohammed bin Abdullah Al Gergawi, Minister of Cabinet Affairs and Future and a number of officials.

Dubai has witnessed a series of huge billion deals to sell a group of major international companies, including Karim, which sold to Uber for AED 11 billion, and Souq.com, which took over the acquisition of "Amazon" more than two billion dirhams, and others .

Dubai will remain an incubator for minds and talent and an ideal environment for entrepreneurs and technology.