Russian ICT business hub launched at Dubai Internet City
New centre to support Russian tech firms exploring new business opportunities in the Middle East
Dubai Internet City (DIC) will host to the first Russian Centre for Digital Innovations and Information and Communication Technologies. The centre, facilitated by the Russian Export Centre (REC), is a business support platform for Russian tech firms outside Russia, and follows a memorandum of understanding (MoU) signed between DIC and REC during GITEX 2018.
The centre will serve as a springboard for Russian businesses looking to launch and expand their operations within the potentially lucrative developing markets of the Middle East and North Africa region, while positioning Dubai as a leading regional destination for establishing businesses.
Ammar Al Malik, managing director of DIC and Dubai Outsource City (DOC), said, “Since DIC’s inception, we have remained committed to providing businesses of all sizes with the platform required to innovate and grow. Transforming Dubai's Innovation Strategy into a reality is our mandate, as we strive to continue positioning Dubai as the region's foremost technology hub.
“Over the years, we have seen a host of organisations, ranging from global tech giants to exciting local start-ups set up their base within the community and achieve their fullest potential. We are keen to offer the same support and enabling infrastructure to Russian technology companies venturing into the region,” he added.
The Centre will be home to Russian small and medium-sized enterprises (SMEs) and start-ups, as well as large Russian tech companies that operate on a global level. These businesses will offer a range of products, services and solutions in artificial intelligence (AI), augmented reality (AR), virtual reality (VR), and cloud hosting, among others.
The opening of the centre comes at a time when relations between the UAE and Russia are thriving, following the declaration of a strategic partnership between the two countries in 2018. The volume of bilateral trade amounted to US$3 billion (AED11 billion) in 2018, a 21% increase compared to the previous year, while the number of Russian tourists visiting the UAE reached 820,000 – a 64.8% hike as a result of a new policy that grants Russian nationals a free 30-day visa on arrival.
Muhammad Shiha, CEO of Russian Centre of Digital Innovation & ICT, said, “An increasing number of Russian tech entrepreneurs and investors are pursuing new avenues of growth for their organisations. Our work is to build on their excellent reputation and the fact that they are reliable potential partners with good quality and value priced services. For this purpose, we have carefully chosen our location at DIC, the innovation hub of the region, and designed our services around its specific needs and based on rigorous analysis of its demand."