Cairo : Dubai Silicon Oasis Authority (DSOA), the regulatory body for Dubai Silicon Oasis (DSO), the integrated free zone technology park, has announced its participation in Cairo ICT 2019, the leading technology event in the region. Cairo ICT will be held December 1 - 4 at Egypt International Exhibition Center (EIEC) under the theme “The Digital Xperience”.
During its participation, DSOA delegation will introduce the advantages and facilities offered to investors and international technology companies participating in the event and seeking to launch their business and regional headquarters in Dubai, as well as startups and entrepreneurs who gather annually to take part in the events and sessions. DSOA delegation will also meet with ministers, governments officials and senior executives and government officials from local and international businesses
Cairo ICT prominently is a source of inspiration for those who are interested in Technology, since its inception in 1996. Cairo ICT received the auspices of H.E. Abdel Fattah Al Sisi, President of the Arab Republic of Egypt, who granted Cairo ICT his Patronage and attended the past 4 rounds to support digital transformation strategies in Egypt, the Middle East, and Africa. More than 500 local and international companies have confirmed their participation in this year’s exhibition alongside hundreds of startups and entrepreneurs,
At Cairo ICT, DSOA will showcase the latest facilities and incentives it offers to investors and entrepreneurs in the ICT, semiconductor, biotech, data centers, mobile technologies, Internet, solar renewable energy, among many other technology sectors.
Through its participation, DSOA aims to promote Dubai Digital Park project, the first integrated smart city project in Dubai, that was constructed in DSO with an investment of AED1.5 billion. DSOA also invested AED100 million in a comprehensive range of 60 smart city services, offered through a unified and secure platform that effectively integrates the operational requirements of enterprises with the needs of employees, residents and visitors. It also seeks to promote DSO as a technology hub and a key partner in the technology field for the companies that are looking for investment opportunities in the heart of Dubai as well expansion in the Middle East region and beyond.
Sherif Kamel, Executive Vice President – Commercial at Dubai Silicon Oasis Authority, said: “The future of the technology sector will see startups and enterprises needing to adopt resilience, diversity, continuous innovation and sustainable growth plans. And this is exactly what Dubai Silicon Oasis provides, from its position as an integrated technology free zone.”
He added: “Taking part in international events as prestigious as the Cairo International Technology Exhibition and Conference, provides a vital platform to network with technology companies from around the globe who are keen to establish offices and laboratories in this region because of the promising opportunities in digital economies, attractiveness to foreign direct investment it offers.”
The UAE is one of the largest investors in the Egyptian market with investments exceeding US$ 7 billion. The UAE also ranks first in the Arab world and third in the world in injecting investments into the Egyptian economy amid expectations that it will rise to US$ 14 billion by 2024. Bilateral relations between the UAE and Egypt witnessed exponential growth during the past few years and the volume of the non-oil trade exchange between the two countries increased by 14.6% in 2018 registering US$ 5.5 billion.
Through a wide range of services and facilities, DSOA attracts the ICT and Tech-based companies through manufacturing and assembling, training centers, research and developments, Data storage, SME companies and large companies which are interested in the Middle East business.
DDP spans and area of 150,000-square-meter community and comprises 71,000 square meters of office space, 25,000 square meters of commercial space and 46,000 square meters of residential area. Its host of value-added contemporary lifestyle facilities includes the first Radisson Red hotel in the Middle East region that consists of a 112-key business hotel and 59 furnished apartments, a convention center, restaurants, cafés, fitness centers, running tracks and cycling trails, a shopping center and an underground parking garage that can accommodate more than 2,000 cars.
Companies seeking to set up their operations at DDP can benefit from the flexible office space available within eight buildings that ranges from 50 to 10,000 square meters. In addition, the project features eight Signature Boutique buildings that provide ideal locations for corporate headquarters. As an integrated community that offers people the opportunity to live and work, DDP also includes 235 residential apartments that are equipped with the latest smart technologies.
-Ends-© Press Release 2019
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