Dubai Internet City Leads the Way for Growth for Indian tech SMEs
28 May 2019
Dubai Internet City (DIC), the leading technology business community in the region, inaugurated a specialised platform dedicated to the National Association of Software and Services Companies (NASSCOM), India’s apex non-profit trade association for its IT business process management (BPM) industry in the presence of Navdeep Singh Suri, Ambassador of India in the UAE, Dhibjani Gosh, President of NASSCOM, Malek Al Malek, Group CEO of TECOM Group, Abdulla Belhoul, CEO of TECOM Group and Ammar Al Malik Managing Director of DIC and Dubai Outsource City (DOC).
The inauguration follows the MoU signing between DIC and NASSCOM at GITEX 2018, in which DIC committed to providing small and medium-sized enterprises (SME) opportunities to develop their operations by offering support and a platform to expand in the MENA region.
Dubai Internet City is a vibrant community with over 24,000 professionals from 150 nationalities working across 1,600 tech companies. Since its inception, DIC has been home to several Fortune 500s and multinational companies as well as several Indian companies including Zomato, Tata Consultancy Services, Tech Mahindra, Wipro, and HCL Technologies to name a few.
In line with the UAE’s vision to make Dubai a world leader in technology, the new partnership aims to position Dubai as an attractive destination for Indian firms looking to establish a footprint in the wider Middle East and North Africa. The business community will provide Nasscom members a dedicated launch pad to explore and tap into the thriving multibillion dollar tech market and grow regionally.
Ammar Al Malik, Managing Director of Dubai Internet City (DIC) and Dubai Outsource City (DOC), said: “Talent is the currency of the future, and developing it is essential to all organisations looking to thrive in this relentless and every-changing tech industry. Our partnership with NASSCOM reiterates our commitment towards driving the region’s IT industry and enabling talent, while exploring avenues for increased co-operation between the UAE and India.”
Al Malik added: “We are confident that our collaboration with NASSCOM will prove mutually beneficial for members of the tech community across both countries.”
Dhibjani Gosh, President of NASSCOM said: “Our priority has always been to provide Indian businesses with innovative solutions and help them achieve optimum productivity and profitability. We are confident that the opportunity being offered to our members by DIC will enable them to explore and grow in new markets and avenues. This partnership is a testament to NASSCOM and DIC’s sustained endeavour to deliver world-class solutions to a comprehensive base of partners.”
According to the International Data Corporation (IDC), the UAE’s domestic IT market alone, worth US$8 billion, is expected to grow at an average of five per cent annually between 2017 and 2022. Dubai Internet City’s ecosystem is made of up 60% SMEs and has seen several success stories including Dubizzle, Careem, Property Finder and most recently Amazon.ae (formerly Souq.com).