https://adgully.me/post/4004/dubai-internet-city-and-korea-national-it-industry-promotion-agency-sign-mou

Dubai Internet City and Korea National IT Industry Promotion Agency Sign MoU

Dubai Internet City, the region’s leading technology hub and part of TECOM Group PJSC, has signed a memorandum of understanding (MoU) with the National IT Industry Promotion Agency (NIPA), backed by the Government of South Korea, to foster innovation and entrepreneurship efforts that bolster the growth of the global technology sector.A high-level Korean delegation toured the vibrant technology district on the side lines of the MoU signing. Ammar Al Malik, Executive Vice President – Commercial at TECOM Group signed the memorandum on behalf of Dubai Internet City with Sung-Wook Hur, President of NIPA. The UAE and Korea are key trading partners with bilateral non-oil trade totalling $3 billion during the first half of 2023. The UAE is Korea’s second-largest Arab trade partner and recently concluded talks with Korea for a Comprehensive Economic Partnership Agreement (CEPA) deal. In January 2023, the UAE also announced plans to invest $30 billion in various South Korean sectors and industries to expand economic cooperation over the next few years.Under the terms of the MoU, NIPA will provide industry data and insights that enhance collaboration and facilitate the participation of Korean technology companies and professionals in Dubai Internet City’s ecosystem.Commenting on the partnership on behalf of Dubai Internet City, Ammar Al Malik, Executive Vice President – Commercial at TECOM Group, said: “We are delighted to embark on this strategic memorandum with NIPA that marks a significant step towards fostering innovation, supporting entrepreneurship, and strengthening the global technology landscape. The agreement underscores our ecosystem’s alignment with the goals of Dubai Economic Agenda ‘D33’ to enable globally impactful innovation from Dubai. The strengths and resources offered by Dubai Internet City and TECOM Group will undoubtedly create lasting impact and drive growth for Korean technology companies not just in Dubai or the region, but around the world."The MoU with NIPA underscores Dubai Internet City’s commitment to advancing technology, innovation, and entrepreneurship through joint initiatives that have a positive impact on the global scale. The agreement was signed at GITEX Global 2023, the world’s largest technology event that Dubai Internet City is Innovation Partner for, which runs until 20 October at Dubai World Trade Centre.Dubai Internet City is the region’s largest tech hub and has led Dubai’s digital transformation strategy for over two decades, serving as a platform for global tech brands, start-ups, and innovators to work, connect, and innovate. The district is home to more than 3,000 customers, including Fortune 500s and SMEs such as Google, 3M, Microsoft, and Careem, in addition to over 29,000 professionals and entrepreneurs. Dubai Internet City is part of TECOM Group’s portfolio of business districts that includes Dubai Design District (d3), Dubai Science Park, Dubai Media City, Dubai Studio City, Dubai Production City, Dubai Knowledge Park, Dubai International Academic City, and Dubai Industrial City.
https://adgully.me/post/3787/dubai-internet-city-returns-to-gitex-global-2023-to-foster-collab-innovation

Dubai Internet City returns to GITEX Global 2023 to foster collab innovation

Dubai Internet City, a member of TECOM Group PJSC, is returning to GITEX Global 2023 as Innovation Partner for the world’s largest tech event. GITEX Global 2023, due to be held on 16-20 October at Dubai World Trade Centre, will unite inventors, academia, researchers, and developers from around the world across 10 co-located events addressing themes including artificial intelligence (AI), cybersecurity, mobility, and future urbanism.With a strong focus on emerging tech trends and innovation, Dubai Internet City’s pavilion at GITEX Global 2023 will be a hub for the world’s brightest minds using technology including AI and augmented reality to solve the world’s most complex problems. As a founding member of Dubai’s thriving digital sector, Dubai Internet City has supported regional economic diversification efforts and strengthened the local knowledge-based economy for over two decades by attracting top industry investors and innovators to Dubai. Commenting on behalf of Dubai Internet City, Ammar Al Malik, Executive Vice President – Commercial at TECOM Group, said: “Mitigating barriers to innovation and promoting collaborative research and development can pave the way for technology-based solutions that help to safeguard future global economic growth.“As a vanguard of tech innovation in the region, Dubai fosters business-friendly regulation and strategic support through programmes like Dubai Economic Agenda ‘D33’ and Dubai Digital Strategy, helping to unite world-leading technology leaders for profoundly impactful breakthroughs. Dubai Internet City is a prime custodian of Dubai’s vision to nurture collaborative innovation that uses technology to address the most critical trends reshaping global society and economy. Our ecosystem will continue to connect the world’s biggest tech brands with the industry’s most ambitious innovators.”A journey through AIAttendees can expect to engage with experts and innovators based within Dubai Internet City through networking opportunities and live demonstrations of the latest tech offerings from the district.Additionally, visitors to Dubai Internet City’s stand at GITEX Global 2023 will be invited to take on an AI-powered programmed robotic arm to compete in a high-stakes interactive checkers game. The interactive experience will be presented as global tech enthusiasts continue to explore how AI stacks up against human intelligence. For an immersive experience, guests will also be guided to a ‘secret door’ inviting them into a world brought to life by actors and performers from Dubai Internet City. Dubai Internet City’s pavilion will be located at Concourse 2 of Dubai World Trade Centre. The GITEX Global Media Centre, presented in collaboration with TECOM Group, will be open to journalists and content creators attending the exhibition. Visit the GITEX Global website to register for the event.Dubai Internet City, the largest leading tech hubs in the region, is part of TECOM Group’s portfolio of business districts that include Dubai Media City, Dubai Studio City, Dubai Production City, Dubai Knowledge Park, Dubai International Academic City, Dubai Science Park, Dubai Industrial City and Dubai Design District (d3).
https://adgully.me/post/1141/tecom-group-breaks-ground-on-specialised-tech-offices-at-dubai-internet-city

TECOM Group breaks ground on specialised tech offices at Dubai Internet City

TECOM Group PJSC, (the “Company” or the “Group”), has broken ground on the Innovation Hub Phase 2 in Dubai Internet City, as Dubai’s legislative framework and ease of doing business attract a high volume of international companies and investors. The Group is expanding its leasing portfolio to capture the increasing demand in Dubai’s commercial real estate market underpinned by the emirate’s economic development and the government’s pro-growth strategies.The AED442 million new investment underscores TECOM Group’s commitment to expanding and tailoring its portfolio to emerging sector needs and attracting global companies. It will offer customers high-quality commercial office properties, state-of-the-art office spaces and HQs tailored to customer specifications.Abdulla Belhoul, Chief Executive Officer of TECOM Group, said: “TECOM Group remains a pillar for Dubai’s business hub proposition. New regulatory frameworks and the ease of doing business are accelerating economic growth and reinforcing investor and business confidence. We’re seeing the success of our leadership’s economic diversification strategy reflected in our commercial and industrial real estate portfolio performance this year due to an influx of new companies and talent.“Across our portfolio, existing customers are expanding their operations, complemented by an inflow of new foreign investment. Bespoke solutions like the Innovation Hub address the need for high-quality commercial spaces, helping strengthen Dubai’s position as an attractive global business and talent hub. It also cements TECOM Group as the emirate’s largest commercial real estate owner and our key role in driving innovation and business growth development in Dubai.”TECOM Group’s Q3 2022 financial performance reflected the upward trend in the commercial real estate market. Revenue came in at AED 490 million, increasing 12.48% year on year (YoY), driven by rising occupancy levels across the portfolio, especially office, warehouse, and worker accommodation.The Innovation Hub Phase 2 expands TECOM Group’s assets with two high-end office buildings, four boutique offices, retail spaces and more than 800 parking spaces. To be completed by 2024, the Innovation Hub Phase 2 will provide more than 355,000 square feet of gross leasable area (GLA).Launched in 2018, the first phase of the Innovation Hub is almost at full capacity, providing tech giants like Google, Hewlett-Packard, Gartner and China Telecom a base in the region. With additional stages in the pipeline, the completed Innovation Hub project is expected to add more than 1.2 million square feet of space for technology, education and new media businesses of all sizes to the Group’s portfolio.TECOM Group has cultivated a global business and technology hub under Dubai Internet City. Today, it represents a complete community of Fortune 500 companies, SMEs, start-ups and entrepreneurs. Recent additions include Motorola Solutions and Intel, while longstanding customers 3M, Visa and Meta upgraded to new headquarters this past year. Dubai Internet City also features over 15 innovation centres powered by customers like Visa, MasterCard, SAP, Google and 3M, which are promoting digital transformation region-wide.Commenting on behalf of Dubai Internet City, Ammar Al Malik, Executive Vice President – Commercial Leasing, TECOM Group PJSC, said: “Dubai’s pursuit of a knowledge and innovation economy relies on a robust technology framework. For more than 20 years, Dubai Internet City has provided the necessary infrastructure and environment where the complete tech community can converge. Ready-to-use facilities like our Innovation Hub enable customers to hit the ground running. Expanding our district’s commercial offering to cater to the Emirate’s growing business appetite will enrich our global community with innovation-driven brands and talent.”According to the CORE Dubai Market Report Q3 2022, the Emirate is seeing growth in new licenses and residents, boosting demand in the commercial leasing sector. The report also found that citywide office occupancy levels are the highest since the peak in 2014, up to 83% in Q3 compared to 78% last year.
https://adgully.me/post/743/dubai-internet-city-to-welcome-intels-first-ai-software-rd-centre-in-gcc

Dubai Internet City to welcome Intel’s first AI software R&D centre in GCC

 Dubai Internet City, a global business and technology hub and member of TECOM Group PJSC, announced today, as part of its participation in 2022 GITEX Global, that it will house Intel’s newest artificial intelligence (AI) software R&D centre.The first of its kind in the GCC, the centre will help to advance the capabilities of Intel’s leading AI software solutions.In alignment with the Middle East region’s digital transformation strategy, Intel and the centre will closely collaborate with the respective AI, software business and academic ecosystems in Dubai and connect with the wider region to allow the company to pursue strategic partnerships, boosting digital adoption and 4th Industrial Revolution technologies, whilst building a robust knowledge-sharing platform on the latest AI trends, technologies and solutions.On behalf of Dubai Internet City, Ammar Al Malik, Executive Vice President Commercial Leasing at TECOM Group PJSC, commented, “Dubai’s integrated business ecosystem and favourable economic climate have attracted the world’s largest companies whose innovations and insights have strengthened digital transformation not only in our Emirate, but also the wider region. Advanced technologies like artificial intelligence are defining the future of all sectors, from manufacturing to education, and establishing a robust tech ecosystem to navigate this emerging and ever-evolving space gives Dubai a competitive edge beneficial to businesses, talent and economic growth alike.“For more than 20 years, Dubai Internet City has been integral to this ambition, fostering a dynamic community of global MNEs, SMEs and start-ups in one location. We are delighted that an industry leader like Intel is inaugurating an AI software R&D Center in our community, cementing Dubai’s position as a tech hub. Their addition reflects the enduring confidence of the world’s largest technology companies in Dubai as the place to do business and innovate.”Taha Khalifa, Intel Corporation, Middle East General Manager, said, “As a global technology leader, and long-time trusted technology advisor in the Middle East region, Intel is pleased to expand its footprint in the UAE through the AI software R&D centre. The launch of the centre not only represents a milestone in Intel’s strategy to accelerate and align with digital transformation and economic diversification objectives but is also a strong opportunity to collaborate across the region’s talented and growing technology ecosystem to help drive further AI innovation to fuel global solutions for many segments including healthcare, transportation and public safety.”Intel will use its regional and global experience to support cutting edge, latest AI products and services for Intel’s AI portfolio. The centre will work closely with the academic community to build a strong talent pool for future products and technologies, benefiting from Dubai Internet City’s proximity to Dubai Knowledge Park and association with Dubai International Academic City.Intel will also relocate AI experts from various global offices to bring international tech talent and skills into the community.Dubai Internet City has been the cornerstone of UAE’s economic diversification and digital transformation strategy for more than 20 years. Home to Fortune 500 companies, SMEs, start-ups and entrepreneurs, the business district also includes 15 customer-operated innovation centres that are developing specialised technological solutions for the region and enhancing global innovations to better meet the needs of local governments and businesses.