– Russian Centre for Digital Innovations and ICT launched in Dubai Internet City
– First of its kind globally, the Centre will support Russian technology firms in exploring new business opportunities in the Middle East
– New facility to be spearheaded by the Russian Export Centre
Dubai Internet City (DIC), the Middle East’s leading technology business community, today witnessed the launch of the first Russian Centre for Digital Innovations and Information and Communication Technologies. The Centre, facilitated by the Russian Export Centre (REC), is one of the largest and only business support platforms for Russian tech firms outside Russia. The inauguration comes on the heels of a memorandum of understanding (MoU) signed between DIC and REC during Gitex 2018 for this purpose.
The launch event was graced by His Excellency Mikhail Mamonov, Deputy Minister of Digital Development, Communications and Mass Media of the Russian Federation; His Excellency Sergei Kuznetzov, Ambassador Extraordinary and Plenipotentiary of the Russian Federation to UAE; Malek Al Malek, CEO of TECOM Group; Abdulla Belhoul, Chief Commercial Officer of TECOM Group; and Ammar Al Malik, Managing Director of Dubai Internet City.
Malek Al Malek, CEO of TECOM Group, said: “The establishment of the Russian Centre for Digital Innovation and Information Communication Technology in Dubai Internet City yet again validates the UAE’s growing profile as a hub for innovation in advanced technologies and future-oriented sectors. The government’s visionary plans, economic development policies and its ability to create infrastructure that is second to none globally, have yielded remarkable results, the latest of which is the country’s fifth-place rank on the 2019 IMD World Competitiveness index. Dubai has played a pivotal role in the UAE’s emergence as a market that provides a highly dynamic ecosystem for innovation-driven businesses and one of the best environments for talented professionals. The establishment of the Centre in DIC reinforces Dubai’s role as a global business centre that is a magnet for investment and enterprise.”
The Centre will serve as a springboard for Russian businesses looking to launch and expand their operations within the lucrative developing markets of the Middle East and North Africa region, while positioning Dubai as a destination for establishing businesses and discovering new opportunities.
Ammar Al Malik, Managing Director of DIC and Dubai Outsource City (DOC), said: “Since DIC’s inception, we have been committed to providing business 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. The launch of the new Russian digital centre in DIC adds an exciting new layer of activity to Dubai’s tech landscape by stimulating the economy and providing businesses new opportunities to leverage. Over the years, we have seen global tech giants through 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.”
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 a rigorous analysis of its demand.”
The Russian Centre for Digital Innovations and Information and Communication Technologies 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. The Centre 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 per cent increase compared to the previous year, while the number of Russian tourists visiting the UAE reached 820,000 – a 64.8 per cent hike as a result of a new policy that grants Russian nationals a free 30-day visa on arrival.