Dubai Internet City, a member of Dubai Holding subsidiary
TECOM Investments, was founded in October 1999, and it opened its doors in October 2000. It was established by Sheikh
Mohammed bin Rashid Al Maktoum. It housed 100 companies at the time of launch. In August 2000,
Siemens Business Services (SBS),
Cisco, and
Sun Microsystems received Dubai Internet City’s first major infrastructure contracts. Dubai Internet City, launched in 1999, is a technology district in Dubai that hosts offices, research centers, and facilities used by global companies and startups. As of 2019, Dubai Internet City housed over 1,600 companies Data center infrastructure provider Khazna announced it was establishing two new data centers in Dubai Internet City in 2022. In the same year, Intel announced the opening of its first artificial intelligence research and development center at Dubai Internet City. Visa established its headquarters for the CEMEA region and technology conglomerate Meta Platforms also established its regional headquarters in the UAE at Dubai Internet City in 2022. In 2023, Dubai Internet City signed a strategic partnership with German Entrepreneurship
GmbH to provide support to German start-up companies seeking to do business in Dubai. In the same year, technology company Yango expanded its offices into Dubai Internet City. The economic rules of Dubai Internet City allow companies to be exempt from all taxes and customs duty for a period of 50 years guaranteed by law. The park’s status as a free economic zone also allows it to offer 100% foreign ownership, similar to other designated economic zones in the United Arab Emirates.
LinkedIn,
Google,
Intel,
Huawei,
Samsung,
SAP,
Microsoft,
IBM,
Oracle Corporation,
Tata Consultancy,
3M,
Sun Microsystems,
Cisco,
HP,
Nokia,
Cognizant,
Accenture,
Hisense and as well as UAE-based companies such as Tecom Group, Ducont, to move their regional base to the DIC. DIC is located adjacent to other industrial clusters such as
Dubai Media City and
Dubai Knowledge Park (formerly
Dubai Knowledge Village). Dubai Internet City is a frequent participant in the GITEX GLOBAL trade show. TECOM Group has expanded its Innovation Hub in Dubai Internet City adding new premium office space as demand from global tech firms grows. ==Location==