Despite many private and government-backed investors newly setting up shop in neighboring markets with serious capital to spend on the development of their own digital economy ecosystems, Dubai remains the first choice for international entrepreneurs, investors and techies to settle down in.
The deal flow speaks for itself; more than half (58%) of all Arab world funding (MENA ex. Israel) happens in this city. Furthermore, 96% of all start-up funding that came into the country over the past 5 years (2017 to 2022 H1) went to tech start-ups headquartered in Dubai. Based only on publicly disclosed figures, this amounted to over US $5.2 billion entering the Dubai digital ecosystem since 2017.
Dubai’s Roadmap to Becoming the Digital Economy Capital of the World
An overview on how the government of Dubai is taking aim at becoming a leader in everything from blockchain to artificial intelligence, cryptocurrency, digital assets and the metaverse. Here’s how Dubai plans on growing a digital economy worth over us $140 billion by 2031, and attracting more coders per capita than any other city on earth.
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