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Dubai Internet City DIC, the MENA region?s largest Information technology cluster, and Dubai Outsource Zone DOZ, the world?s first freezone dedicated to the outsourcing industry, has welcomed 181 new companies during 2013.
Both zones, which are part of TECOM Investments, a member of Dubai Holding, are now home to 1,600 business partners, which includes over 60 percent of the Fortune 500 companies including Microsoft, Oracle, Dell and Facebook, as well as leading global multinationals and local SMEs and start-ups.
Officials said the ICT industry in the UAE is thriving, with ICT expenditure forecast to grow by 5 percent to over $15 billion in 2014, according to a recent report by leading global market intelligence firm IDC.
2013 also saw significant developments within the industry, including the announcement by Sheikh Mohammed bin Rashid Al Maktoum in October that Dubai would be developed into a ?Smart City? which will drive the emirate?s ICT and technology industry.