Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum has launched new projects worth Dhs4.5 billion in Dubai’s technology and media free zones, state news agency WAM reported.
The projects will be built over five years and will include 10 million square feet of space for innovation complexes, technology laboratories and smart buildings. Other initiatives include facilitating the growth of business incubators and other financial means to stimulate innovation.
“We have kept pace with great changes in technology. Now the time has come for Internet City to become a creator of change.” said Sheikh Mohammed.
Sheikh Mohammed’s plan also aims to boost the number of companies in the content, knowledge, technology, education, development and research sectors to 10,000 and to grow the number of people employed in these sectors to 100,000.
“Our innovation facilities will soon open their doors to talented pioneers. We will connect them with opportunity in the smartest innovation environment in the world,” Sheikh Mohammed said.
Dubai Internet City and Dubai Media City consist of nine specialised business districts within six key sectors such as information technology, communication, media, education, biosciences and content.
By Mary Sophia
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