Dubai Internet City reports year-on-year growth

31/01/2011 - Dubai Property News Posted by Neil King
Dubai Internet City reports year-on-year growth

Dubai Internet City (DIC), the Middle East's largest information and communications technology (ICT) cluster, has registered year-on-year growth after 150 companies opted to set up base at the site last year.

DIC also said it had seen 48 of its business partners expand their commercial operations and businesses in the region during 2010.

It was predicted that the growth witnessed by the ICT cluster is poised to increase further in 2011 with enterprise IT spending in Europe, the Middle East and Africa (EMEA) forecast to reach $795.2 billion, a 1.3 per cent increase on 2010, according to Gartner.

Malek Al Malek, managing director at DIC, said: "The year 2010 proved positive for us on the back of an industry uptrend and saw many businesses emerging as winners."

He added: "For DIC, this translates into more companies opening direct offices at the ICT park with most of the leading brands driving the region's positive trend."

It was also reported that a significant number of companies from firststeps@DIC, a facility that allows businesses to lease short-term office space while exploring market opportunities, had expanded their presence into fully-fledged operations last year.

Currently, more than 25,000 ICT professionals are employed within DIC as part of technical teams and support staff.ADNFCR-2019-ID-800375664-ADNFCR