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The Dubai Airport Freezone Authority (DAFZA) has started an innovative start-up program called Scality, to enable local, regional and global tech start-ups to establish and grow their businesses in the region.
According to the freezone authority, Scality provides a subscription-based program that covers lease and licensing fees, as well as space that start-ups require for their operations. Start-ups can also adopt a pay-as-you-grow model, which enables them to scale their teams flexibly and efficiently.
Dr. Mohammed Al Zarooni, Director General of DAFZA said: "These initiatives aim to strengthen Dubai’s position as a preferred destination for entrepreneurs and enhance its workforce through attracting innovative thinkers and talent to the emirate."
The MENA region is witnessing significant growth in the technology sector including developments in fintech, e-commerce, health tech, deep technology industries, smart cities solutions among others.
E-commerce sales in Dubai are projected to jump 23 percent to reach $27 billion in 2022, driven by the COVID-19 led digital shift and changing consumer demands.
"DAFZA aims through Scality to provide entrepreneurs with integrated solutions and services to help ease some of the challenges they may face while establishing their businesses. These challenges include upfront costs and set-up funds, access to talent as well as the ability to scale up sales," Amna Lootah, Assistant Director-General, DAFZA, said
"We offer cost effective and flexible setup solutions, as well as access to a network ecosystem to allow them to showcase their cutting-edge services and explore potential partnerships” Lootah added.
(Writing by Seban Scaria; editing by Daniel Luiz)
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