Dubai works to create best ecosystem for startups
Dubai has long been a popular destination for holiday makers and professionals and with a booming entrepreneurial ecosystem, it’s not surprising that talent moves here from abroad. And with plans to become ‘the Silicon Valley of the Arab World’, there has been increased focus on entrepreneurship from the public, private and academic sectors.
The UAE government is continuously working on creating the best possible conditions for startups, alongside Dubai StartUp Hub and Dubai Chamber of Commerce and Industry. At the same time, the Dubai FDI has also been working tirelessly to encourage foreign businesses to set up in the UAE.
George Hojeige, CEO of company set-up Virtuzone, said they have seen “an increasing demand for company formation services among entrepreneurs in the UAE and abroad as well as from international companies looking to open up offices in the Emirates, across both free zone and mainland companies, with a particular appetite for consultancy and e-commerce licences.”