Dubai Internet City and German Entrepreneurship GmbH Collaborate for Entrepreneurial Growth

19 Oct, 2023

Dubai Internet City and German Entrepreneurship GmbH Collaborate for Entrepreneurial Growth

Dubai Internet City has entered into a strategic partnership with German Entrepreneurship GmbH, aimed at bolstering the startup and entrepreneurship ecosystem in the UAE and broader regions.

Ammar Al Malik, Executive Vice President – Commercial at TECOM Group, representing Dubai Internet City, formalized the agreement with Dr. Thomas Mack, Head of Scouting & Advisory at German Entrepreneurship GmbH.

The partnership entails Dubai Internet City providing support to German startups by furnishing them with essential data, insights, and resources to facilitate their entry into the UAE and other regional markets. Additionally, German startups will be encouraged to

establish a presence within Dubai Internet City, granting them access to a vast network of industry peers, corporations, potential investors, universities, and public sector experts.

Ammar Al Malik, Executive Vice President – Commercial at TECOM Group, commented on behalf of Dubai Internet City, stating, “In today's dynamic global economy, startups seeking expansion into new markets require seamless entry points that facilitate smooth transitions, mitigate cultural differences, and foster an environment conducive to business growth and innovation."

He further noted, "Dubai Internet City's ecosystem offers invaluable opportunities for startups, providing access to mentorship, potential collaborations, and a diverse talent pool through our network. This aligns with the structural priorities of the Dubai Economic Agenda's 'D33' vision. As the hub for international technology giants, our district nurtures collaboration, knowledge sharing, and serves as the ideal launchpad for companies aiming to commence or scale their operations from Dubai into new regional and global markets."

The UAE and Germany have a strong trade relationship, with non-oil trade between the two countries valued at $9.6 billion in 2022. Germany is the UAE's second-largest trading partner within the European Union, accounting for 17% of the UAE's total trade with the EU in the previous year. Simultaneously, the UAE was Germany's largest Arab trade partner in 2021.

Dr. Thomas Mack, Head of Scouting & Advisory at German Entrepreneurship GmbH, expressed his satisfaction regarding the agreement, stating, "We are pleased to sign this agreement with Dubai Internet City, a regional leader for the technology sector. The memorandum provides German companies with not only the opportunity to gain a smooth entry into a new market but also to swiftly collaborate with global industry leaders that have a home at Dubai Internet City and engage with its wide entrepreneurial network of investors, accelerators, and other startups across the region."

The partnership was formalized during Dubai Internet City's participation in the GITEX Global 2023 and Expand North Star 2023 events taking place in the city this week.

Dubai Internet City is part of TECOM Group's portfolio of business districts, which includes Dubai Design District (d3), Dubai Science Park, Dubai Media City, Dubai Studio City, Dubai Production City, Dubai Knowledge Park, Dubai International Academic City, and Dubai Industrial City.

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