Thursday 18 October 2012

High-tech start-ups in UAE to boom - The National

The number of high-tech businesses launching in the UAE is forecast to quickly rise through 2015, encouraged by strong internet use and political stability.

About 96 technology-focused start-ups were expected to launch from the Emirates this year, and this was forecast to rise to 185 each year over the next three years, according to a report by Dubai Internet City and the consultancy Frost & Sullivan.

That growth rate is set to outpace that of the broader Middle East and North Africa (Mena) region, where about 520 tech start-ups are expected to launch this year, growing to 880 in 2015.

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