Dubai Internet City, a leading destination for major global and regional technology companies and part of the TECOM Group, has entered into a partnership with Skolkovo Foundation, associated with VEB.RF. This collaboration aims to foster innovation and facilitate the exchange of knowledge. The agreement was signed during the GITEX Global event in Dubai, outlining a clear roadmap for innovators in technology firms and startups to explore new avenues for cooperation and expansion in the market.
Amar Malek, Executive Vice President of the TECOM Group – Commercial Sector and General Manager of Dubai Internet City, emphasized that this partnership with Skolkovo reflects the commitment of Dubai Internet City to create an innovation ecosystem that propels the global digital economy forward.
He stated that the Skolkovo ecosystem attracts a diverse array of emerging and established talents in technology. This initiative aims to enhance collaboration with these innovative talents and open new horizons for their contributions to the global innovation landscape.
Additionally, this partnership aims to provide technology firms and startups with quality opportunities for collaboration and collective efforts that contribute to economic growth and sustainable technological advancement. Dubai Internet City remains dedicated to fostering international collaboration and supporting the growth of innovative companies from around the world, aligning with the goals of Dubai’s Economic Agenda D33.
Opportunities
Timur Kornilov, General Director of International Strategic Partnerships and Knowledge Transfer at Skolkovo, remarked that collaborating with Dubai Internet City offers new prospects and tangible opportunities for innovative Skolkovo companies to enter regional markets. This includes practical support for launching pilot projects and establishing sustainable export channels. He mentioned that the partnership aims to provide a clear and streamlined pathway for established companies within their foundation, including guidance related to legal and operational procedures and accelerating access to advanced infrastructure and a supportive business environment in the region.
Kornilov added that this partnership represents an unprecedented opportunity for bilateral exchanges of technology and knowledge as well as entrepreneurial practices that can enhance the operational dynamics of both the Skolkovo Foundation and Dubai Internet City. He is confident that collaboration will enable them to create significant value for the companies within the foundation while also fostering the realization of advanced technological projects that benefit both parties in the future.
For over 15 years, Skolkovo has successfully attracted more than 5,000 companies into its ecosystem. This partnership provides numerous advantages for the companies within Skolkovo that aspire to expand internationally, including opportunities for collaboration with key industry leaders through Dubai Internet City’s integrated ecosystem, which has contributed 100 billion dirhams to Dubai’s GDP in the past 15 years and currently accounts for 65% of Dubai’s technology sector GDP.
Dubai Internet City hosts 4,000 clients from leading global and regional technology firms, including startups and Fortune 500 companies such as PayPal, Nvidia, and Oracle, collectively employing over 31,000 specialists, alongside 20 centers for research, development, and innovation.