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We've seen Silicon Valley, and even the M4 Corridoor, the UK equivalent, but here ius something a little different. Alongside "Media Ciry" here is Dubai's Internet City. It is; thats right, a cirt devoted to the Internet.
A good friend of mine Khalid Natto, who I later found out was a vice president of Morgan and Stanley , spoke to me about it.
Dubai Internet City (DIC) is an information technology park created by the Government of Dubai as a free economic zone and a strategic base for companies targeting emerging markets. Here companies can operate without restrictions, such as a 100% foreign ownership, similar to those prevailing in other provincial economic zones in the United Arab Emirates. This freedom has led many global information technology firms to move their regional base and resources to premises in the DIC. DIC is located right next to other industry clusters such as Dubai Media City and Dubai Knowledge Village.
The global ICT giants like Microsoft, Oracle, HP, IBM, Dell, Siemens, Canon, Logica, Sony Ericsson, Schlumberger and Cisco, as well as many small and medium enterprises and entrepreneurial ventures are based in DIC. The ICT cluster in Dubai Internet City comprises companies from sectors like software development, business services, ecommerce, consultancy and sales and marketing.
Wikipedia wrote:
The cluster environment of DIC provides most elements of the value chain for an ICT business. In addition, it has developed programmes that can be leveraged by the ICT community to explore and expand channel and business development opportunities.
Dubai Internet City is about 25 kilometers south of the center of Dubai city on the Shaikh Zayed Road towards Abu Dhabi city. It is located in an area which is rapidly becoming the new downtown of Dubai, and is located between Dubai Marina and Jumeirah, two of the most exclusive (and expensive) areas of Dubai. It is less than 1 km from the sea coast and is near several five star hotels.