Dig­i­tal fron­tier awaits UAE start-ups

7 Days in Dubai - - BUSINESS -

Dig­i­tal start-up com­pa­nies can in­crease the UAE’s GDP by $1.5 tril­lion and cre­ate 10 mil­lion jobs for young peo­ple in the process. That was the claim from in­dus­try ex­perts at the SAP Startup Fo­cus Event, which was held in the build-up to Gi­tex Tech­nol­ogy Week 2016. Dur­ing the two-day event with more than 150 par­tic­i­pants, in­no­va­tors gained in­sights from suc­cess­ful startup founders and in­ter­acted with me­dia and ven­ture cap­i­tal­ists. The fig­ures were re­leased as part of a re­cent re­port “Har­ness­ing The Power Of En­trepreneurs To Open In­no­va­tion”. “We shall al­ways try to pro­vide small busi­nesses and star­tups the right plat­forms to grow, ex­pand and con­tinue to look at ways to foster in­no­va­tion, en­ter­prise and en­trepreneur­ship", said Ma­jed Al Suwaidi, Man­ag­ing Di­rec­tor of Dubai In­ter­net City and Dubai Out­source City. The UAE cur­rently ranks as the top in the Mid­dle East and North Africa, and in the top 20 in the world in sup­port­ing en­trepreneurs.

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