NSK Deutschland GmbH
Renishaw Plc
Volvo Penta

twitteryou tubefacebookacp

Dubai Internet City and Dubai Media City to receive US$1.2bn for expansion

Dubai Internet City and Dubai Media City have supported the transformation of the emirate?s economy. (Image source: Martti Kuusanm?ki/Flickr)

His Highness Sheikh Mohammed bin Rashid Al Maktoum, vice-president and prime minister of the UAE, and ruler of Dubai plans to invest US$1.2bn to encourage innovation in Dubai Internet City and Dubai Media City

The ruler of Dubai made the announcement at the 15th anniversary of the Dubai Internet City, stated local reports.

According to Gulf News, the projects would be implemented over five years across an area of nearly 929,00 sqm. The projects include innovation complexes, technology laboratories and smart buildings in Dubai Internet City and Dubai Media City. Additionally, business incubators would also be included to stimulate innovation.

His Highness Sheikh Mohammed bin Rashid Al Maktoum, vice president and prime minister of the UAE and ruler of Dubai, said, ?Dubai Internet City has supported the transformation of our national economy into a knowledge economy. We have kept pace with great changes in technology. Now the time has come for Internet City to become a creator of change.?

The projects are being designed to create an integrated system of innovation platforms and an ideal smart environment to attract the best talent from inside and outside the UAE.

The innovation complexes and incubators being planned in Dubai Internet City and Dubai Media City will directly link the financing and marketing channels, said government officials. Al Maktoum aims to boost the number of companies in the content, knowledge, technology, education, development and research sectors to 10,000 and to increase the number of people employed in these areas to 100,000. He has called on the private sector to contribute funds to help establish the UAE as a destination and capital for innovation.

Dubai Internet City and Dubai Media City contain nine specialised business districts catering to six key sectors such as information technology, communication, media, education and bio-sciences.

Oil Review Middle East
Deep Sea

EGA and Masdar leadership at the signing of the agreement. (Image source: Masdar)

Baudouin is catering to the demands of the data centre markets with the release of three new uprated DCP ratings. (Image source: Canva)

The ground-breaking product on display is the FLIR Si2-Pro, an industrial acoustic imaging camera for partial discharge detection, pressurised leak detection and mechanical fault detection. (Image source: Teledyne FLIR)

Energy technology takes spotlight at the MEE. (Image source: Adobe Stock)

The plant will add 80MW of power generation capacity from a non-fossil fuel source. (Image source: ALEC)

Special belt covers guarantee an effective reduction in dust. (Image source: Wirtgen Group)

Daryl Wake, business development manager, DEKRA

DEWA's SAP upgrade drives innovation, sustainability, and efficiency in Dubai's utilities. (Image source: Adobe Stock)

Erich Kaltmann, managing director of Mosdorfer GmbH. (Image source: Mosdorfer)

SSAB will begin deliveries of the new products in 2026. (Image source: Manitou Group)

The new Perkins 5012 is a full-authority electronic engine optimised and purpose-built for power generation applications. (Image source: Perkins)

With RFID, assets can be given unique digital identities that enable you to identify and locate them all at once, from a distance, in real time.

An example of the kanban method deployed at Staytite. (Image source: Staytite)

DNV's survey unveils energy sector optimism amid challenges, with political uncertainty looming. (Image source: Adobe Stock)

EGA and Masdar leadership at the signing of the agreement. (Image source: Masdar)

Baudouin is catering to the demands of the data centre markets with the release of three new uprated DCP ratings. (Image source: Canva)

Energy technology takes spotlight at the MEE. (Image source: Adobe Stock)

The plant will add 80MW of power generation capacity from a non-fossil fuel source. (Image source: ALEC)

UL Solutions launches HOMER Front 1.0, enhancing energy storage system design with advanced forecasting capabilities. (Image source: UL Solutions)

SSAB will begin deliveries of the new products in 2026. (Image source: Manitou Group)

The new Perkins 5012 is a full-authority electronic engine optimised and purpose-built for power generation applications. (Image source: Perkins)

DNV's survey unveils energy sector optimism amid challenges, with political uncertainty looming. (Image source: Adobe Stock)

An example of the kanban method deployed at Staytite. (Image source: Staytite)

Markus Oberlin, CEO of Farnek. (Image source: Farnek)

Erich Kaltmann, managing director of Mosdorfer GmbH. (Image source: Mosdorfer)

The emphasis is on constantly optimising value creation processes. (Image source: Rittal)

With RFID, assets can be given unique digital identities that enable you to identify and locate them all at once, from a distance, in real time.

The ground-breaking product on display is the FLIR Si2-Pro, an industrial acoustic imaging camera for partial discharge detection, pressurised leak detection and mechanical fault detection. (Image source: Teledyne FLIR)

The four-point track system is available globally on four boom lifts up to 80 ft / 24 m class. (Image source: Genie)

Reed Exhibitions FZ-LLC