ID :
12069
Thu, 07/10/2008 - 16:08
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DIC cited as key driver in UAE's e-Readiness leadership

Dubai, July 10, 2008 (WAM) - Dubai Internet City, the world's largestmanaged ICT cluster and a member of TECOM Investments, is cited as a key driver to the UAE's economic transformation, positioning the country as leaders in the MENA region in the global e-readiness rankings, according to a new report from the Economist Intelligence Unit (EIU).

Dubai's attempt to build capabilities as a world-class enabler of digital commerce has been achieved primarily through the efforts of TECOM Investments in creatingDubai Internet City, added the EIU report.

Malek Sultan Al Malek, Executive Director, Dubai Internet City, said: "These results validate the high quality of information and communicationstechnology (ICT) infrastructure offered at the IT cluster.

"By awarding top honours to the UAE, the report - regarded as one of the world's most comprehensive and authoritative international assessments - establishes the country as the preferred location for companies looking to invest in the region." Naming Dubai Internet City as a viable model for 'innovation parks [that are] efficient places to do business', the report highlighted 'convenience' as a key factor contributing to its success in attracting the world's largest technology firms. Offering a business-friendly environment that extends 100 per cent ownership and full tax exemption, Dubai Internet City provides an enabling environment for knowledge-based companies to seamlessly extend their footprint across the region." The UAE scored highly (7.64 points out of 10) with respect to its readiness to promote and facilitate business, and was awarded 6.20 points for its balanced government policy and vision to manage and allocate resources needed for network operations. A number of key categories were considered to determine the e-readiness of each participating country, including connectivity and technology infrastructure; business environment; social andcultural environment, and consumer and business adoption.

The UAE led all other countries in the Middle East and North Africa (MENA) region including (listed according to ranking) Turkey, Saudi Arabia, Jordan, Egypt, Algeria and Iran. Elements of the e-readiness report suggest, however, that the UAE needs to raise the education levels of people forfurther enhancing internet familiarity and driving digital commerce.

Complementing the region's increasing focus on creating knowledge-based economies, Dubai Internet City supports high-tech entrepreneurship and innovation, hosting most of the Fortune 500 companies in addition to more than 1,200 specialised industry leaders from diverse segments of theinformation and communication technology sector.


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