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Dubai has spared no effort to invest and develop innovative, emerging and smart technologies to make it a truly future-oriented city. By emphasizing these efforts—mainly Dubai Data Strategy, Dubai 10X, Smart Dubai 2021, Dubai Blockchain Strategy and Dubai Pulse Platform, etc.—this city is expected to become one of the smartest cities in the world and become a technology And technology leader. Innovation not only affects the lives of its citizens, but also companies that will benefit from these efforts. By building a world-class infrastructure that supports and promotes growth, business and innovation, the city is improving the efficiency of daily processes and operations.
To this end, the government has launched more than 100 smart initiatives and 1,000 smart services to improve seamlessness and sustainability, and to change the way in which government services are provided to citizens, thereby increasing their happiness index. Due to its landmark efforts, Dubai has recently been recognized by the United Nations as an example of a smart, sustainable and resilient city.
Then there is the Dubai Internet of Things (IoT) strategy, which aims to build the most advanced IoT ecosystem and transform the city into a model for smart cities. In addition, the Dubai Data Wealth Plan will be dedicated to protecting the city’s digital wealth and helping it achieve 100% digitization and paperlessness. It is expected to receive US$9.2 billion in revenue by 2021.
Through Dubai 10X, the city hopes to find solutions to future challenges, thereby leading other cities by ten years.
ICT business hub
In terms of technology and innovation, especially in the fields of robotics, financial technology and artificial intelligence, Dubai is in a leading position, where foreign direct investment is the highest. In addition, it implements the latest technologies (including 5G communications, cloud, big data analysis, 3D printing, artificial intelligence (AI), Internet of Things, autonomous transportation, and blockchain technology) to create pro-commercial policies and initiatives for a data-driven economy (This will make the city the first city in the world to be fully powered by this technology)-will bring faster connectivity, higher productivity and growth in all sectors, thereby attracting more business in the UAE And partnerships. For its part, the blockchain strategy will help make transactions safer, reliable, efficient, and seamless, thereby affecting life and making it easier.
In the MENA (Middle East and North Africa) region, Dubai is considered the largest information and communication technology (ICT) business center, with more than 1,600 companies in the ICT field.
Progressive strategies and policies have helped the city gain its reputation and rank third in the world’s best cities to live and work. Government-supported residential programs and 100% foreign ownership laws are attracting more investors in the region.
Artificial Intelligence and Internet of Things
In addition, Dubai has consolidated its position as a leader in knowledge sharing research, especially among companies. This city is home to the first artificial intelligence laboratory in collaboration with IBM, which uses artificial intelligence technology and machine learning to improve government and urban experience and service delivery. It is also committed to helping communities and businesses use this technology to achieve better operations and operations.
The UAE has also seen more and more cloud service providers set up data centers here. For example, IBM has launched two data centers here-one in Abu Dhabi and one in Dubai. In addition, more than 70% of Middle Eastern companies plan to use multi-cloud systems in the next two years, which will reach $4.1 billion by 2022.
Disclaimer: This article is part of the Dubai Business Highlights series
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