Dubai is getting on board with technology-focused companies, including satellite mapping services and virtual reality platforms, as it expands its sphere of influence in the Middle East.
In a recent interview with The National, the UAE’s Minister of State for Technology and Entrepreneurship, Sheikh Mohammed bin Rashid Al Maktoum, said that the UAE is already “very active” in spheres of influence, and is in the process of creating more, he said.
“I think it’s important to start to build an infrastructure for that,” he said, adding that it is imperative to create the right incentives for companies and people to build technology companies in the UAE.
“It’s important that you create a platform for the UAE to be a leader in this space.”
Dubai-based satellite mapping company, Skymapping.com, said it was looking to set up in the Gulf.
“We want to do business in the region.
We want to grow.
We are going to do the best in the world,” said Mohammed Abu Hamad, Skymap’s co-founder and CEO.
Dubai, which has a population of roughly one million people, is home to more than 2,000 satellite mapping companies.
The UAE government is also investing in the development of technologies, including drone delivery and cloud-based mapping, which is already in the works.
While Dubai has been expanding its sphere, the Gulf is also taking notice.
Last week, the Saudi Arabian government said it would provide $1 billion to the UAE as part of the Gulf Cooperation Council (GCC) to help launch the country’s space industry.
The GCC includes Kuwait, Oman, Bahrain, Qatar, Saudi Arabia, the United Arab Emirates, and Egypt.
“The GCC is the most influential economic region in the Islamic world,” Abu Hamid said.
Dubay Economic City Dubai’s Dubai Economic City is a planned hub for the world’s first Dubai-based virtual reality company, VRWorks.
The company, which Abu Hamada hopes will help develop VR and augmented reality, will be located in Dubai’s economic zone.
The Dubai Economic Zone will house the world-class headquarters of VRWorks and will include offices, retail and offices for other VR and AR startups.