The first Russian Centre for Digital Innovations and Information and Communication Technologies was opened on Wednesday in Dubai’s tech hub, the Dubai Internet City (DIC), the United Arab Emirates government said in a statement.
The facility, set up by the Russian Export Centre, is one of the largest and only business support platforms for Russian tech firms outside Russia and follows a Memorandum of Understanding, MoU, signed between Dubai Internet City and Russian Export Centre during GITEX, Dubai’s prime technology event, last year.
The center 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, UAE authorities said.
“Since DIC’s inception, we have remained committed to providing the 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 UAE government’s visionary plans and policies to develop its economy have yielded remarkable results over the years, the latest of which is the UAE’s fifth-place rank on the 2019 IMD World Competitiveness index,” said Ammar Al Malik, Managing Director of DIC and Dubai Outsource City.
“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,” said Muhammad Shiha, who will act as CEO of the Russian Centre of Digital Innovation and ICT.
The Centre will be home to Russian small and medium-sized enterprises and startups, as well as large Russian tech companies that operate on a global level. It will offer a range of products, services and solutions in artificial intelligence, augmented reality, virtual reality, and cloud hosting, among others.