The Dubai Expo 2020 is now a touching distance away from its splendid opening. The Expo will provide a boost to certain business industries in Dubai including the IT industry. Job opportunities will arise in the particular sector thanks to the large involvement of big firms in the event from around the world.
Dubai, a city known for its extravagant infrastructures, remarkable business industry, and prominent technology sector is about to see a massive boost to its economy through Dubai Expo 2020. The World Expo will be a historic event and will be holding even more significance as Dubai is the first city in the Middle East and African region to host such a mega event.
The mega event is going to be the third-largest global no-commercial event and the arrangements and groundworks for the event are gaining full momentum to get completed by 2020. Many of UAE’s top financial and business investors are optimistic about gaining benefits and profits from the six-month mega event.
Many key business sectors in Dubai are expected to see a boost and enjoy substantial growth in their industry within the upcoming 10-15 years. Some of them are
- Construction and Infrastructure
- Technology and Innovation
The Expo 2020 boasts a theme named ‘ Connecting Minds, Creating the Future ’ which itself explains how the business opportunities in the IT sector will boost up through Expo 2020 in the upcoming years.
IT Industry in Dubai
The IT industry in Dubai is an ever booming sector. Technology firms in Dubai are already making a big mark on a global level by employing a large number of techies from around the world. Information Technology firms in Dubai works in the field of artificial intelligence, machine learning, Internet of Things (IoT) and advanced analytics.
The total economy of Dubai highly boasts of the annual profit made by the city’s IT companies. Famous business-tech giants like LinkedIn also find Dubai as a leading sector for Information Technology businesses. Information technology firms in Dubai are rapidly aiming to up the technical level in the country by using big innovations through the latest technologies.
Dubai is focusing on hosting many global level technical events that will increase the participation of information technology firms around the world. The events will help the city to grow in the IT sector by attracting techies from around the world with new and innovative ideas.
New initiatives such as “Smart City” and also the upcoming Expo 2020 will be a great contribution to the city’s IT industry growth.
These technical events will lead to the growth of intelligent enterprises as well as the economy of the country. The UAE’s IT market already has a big impact on the economy of the country and the more involvement of the global technology firms in the country will lead to skyward growth of the economy. According to SAP’s new UAE managing director, the IT sector of the UAE is expected to generate revenue of around 20Billion dirhams per year and is expected to grow even more post Expo 2020.
How Expo 2020 will Benefit the Dubai IT Industry?
The World Expo 2020 in Dubai is going to be a launchpad for many industrial and technical firms that are seeing the event as a massive opportunity to rise and grow up. The Expo 2020 aims to provide the country’s IT industry with new and advanced technical opportunities that will improve the productivity and efficiency of various IT services in the country.
Technologies like artificial intelligence, machine learning, and advanced analytics are the most trending in the industry. Expo 2020 aims to invite the related industries to improve productivity with data and foster a better digital workplace to deliver improved and seamless experiences.
SAP’s new United Arab Emirates managing director sees the involvement of organizations as an increased chance for the development of IT enterprises. He added, “Winners in the UAE’s digital economy will be organizations that gain a first-mover advantage, adopt ‘next practices’ that allow them to innovate faster than the competition, and become better, faster, and more out-of-the-box than ever before”. The technical authorities of the industry are trying to collaborate and co-innovate with various global organizations participating in the event and hope to foster the industry with them.
The expected participation and execution through the Expo may seem a difficult task but such claims from authorities of big firms can be a positive sign. The UAE’s public sector, banking and finance, healthcare, and energy resource sector are also expected to benefit from the Expo and the digital transformation will lead to the successful completion of the event. Organizations like SAP are already playing a vital role for the companies in Dubai with the company set to unveil a five year, $200 million investment plan.
How can Commitbiz help you?
The future scope for IT firms in Dubai can be quite bright as the upcoming events like World Expo 2020 are set to provide a large boost to the industry in the country. Hence, to no surprise, we can expect a large IT investment during and after the Expo, which explains that IT is big bucks in Dubai, and it keeps getting bigger and better. Setting up IT firms or business can be a profitable option given the current and upcoming circumstances. We at Commitbiz provide businesses with all the support needed for a new business. Feel free to contact us in any such case, we would be glad to help!
1. What are the core activities carried out in Dubai Internet City?
The activities are:
Multimedia and Internet
Network and Telecommunication
2. What are the business opportunities in UAE’s IT sector?
Accounting and Bookkeeping Firm
Recruitment Agency, etc.
3. Which approval is required to start an IT company in Dubai?
Department of Economic Development, Dubai.
4. Where can you open an IT business in Dubai?
The places are:
Dubai Internet City
Dubai Silicon Oasis
Dubai Media City
Dubai Knowledge Village
5. What is the start-up scene in UAE post Expo 2020?
There are already 85 start-ups and SMEs selected to join Dubai’s District 2020.