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In 2012, online travel penetration in the Middle East accounted for 18% and is
expected to reach 22% in 2014. By 2030, the region is predicted to have nearly 81
million outbound travelers;
The young make up 60% of the population in the Middle East, with over 50%
under the age of 25. This age group is typically technologically-savvy and the
strongest consumers of smart phones and iPads. This youth-demographic
economy represent strong potential for the travel market in the forecast period;
The region has strong market potential in value terms, as Middle Eastern
spending in the Middle East is relatively high while traveling. Outbound travel
tends to be amongst larger groups and for longer periods of time. Euromonitor
International estimates that in 2014, one in six travellers booked their trip online;
UAE tourism receipts are forecast to rise by 67% by 2018. The region is
entering a new era of stability, increased connectivity and expansion of existing
infrastructure. Euromonitor International expects UAEs hospitality market to
reach US$7.5 billion by 2016, up from US$4.5 billion in 2011, a 67% increase;
Visiting family is cited as the number one reason for travel across United
Arab Emirates and Saudi Arabia. Travel for this purpose account for 71% of trips
for Saudi Arabia travellers, and 55% for UAE travelers.
Euromonitor International estimates that mobile data traffic in the MENA region will grow
faster than in any other part of the world between 2014 and 2018, with penetration of
smartphones and tablets estimated to reach about 600 million devices by 2018, up from just
million in 2013. It is also believed that one in six consumers in the Middle East is using the
internet as their primary booking platform.
Sources : http://blog.euromonitor.com/2014/11/the-impact-of-technology-on-travel-andtourism-in-the-middle-east.html
The five trends identified in the Accenture Technology Vision 2015 report include the
personalization of the internet Internet of Me; a shift in focus from selling things to selling
results in an Outcome Economy; digital platforms that help build next-generation products and
services in the Platform (R)evolution; intelligent software embedded across the enterprise,
creating the Intelligent Enterprise; and intelligent machines and devices working alongside
employees as a Workforce Reimagined.
Sources : https://newsroom.accenture.com/news/middle-east-already-embracing-fivetechnology-trends-affecting-the-digital-transformation-of-public-and-private-sectors-accenturefinds.htm
Dubai is an entry point to the fast-developing markets of Asia, the Middle East and
Africa. "These are markets growing at double the rates of the developed world, and
the hub for accessing these markets is Dubai," said Mustafa Abdel-Wadood,
chairman of the management executive committee of the Abraaj Group, a private
equity firm with $9 billion under management. Countries like India and Nigeria are
expected to keep growing at rates of more than 5 percent a year, while developed
markets growth may hover around 2 percent to 3 percent a year.
Dubai is not only geographically central to some of the hottest developing markets, it
has a huge transportation and trading infrastructure .
It features a huge deepwater port, Jebel Ali Port, that funnels trade to the Gulf, Africa
and the Indian subcontinent, and the world's third busiest airport.
2. Neither companies nor individuals, including expats, pay sales or
income tax, and the economy has diversified. The GDP per capita in the UAE,
a federation of seven emirates, is nearly $45,000. But in contrast to some of the
other emirates, Dubai is insulated from the declining price of oil, which was between
$35 and $40 as of press time. "Thanks to an ambitious strategy to diversify its
economy, Dubai no longer relies on commodities to power its economic growth," the
Brookings Institute noted. The biggest sectors in the Dubai economy are trade
and tourism, which account for more than 28 percent of the GDP; business and
finance, which account for more than 27 percent; and transportation, accounting for
nearly 14 percent.
The low taxes make Dubai a natural choice for entrepreneurs, and Dubai is seen as
a tech hub in the Middle East, home to companies including Souq.com, a fast-
growing e-commerce company whose valuation has been reported at more than $1
billion. The Middle East region suffers from a dearth of capital for high-tech
businesses, but there are some VC firms focused on the UAE, including Dubai
Silicon Oasis Fund, CDG Capital Private Equity and Womena.
Free trade policies give Dubai an advantage over neighbors. Many
economies in the Middle East and elsewhere in the fast-growing emerging markets
are hampered by laws that restrict foreign owners and investment. Dubai, to its
economic advantage, set up special zones where the laws encourage international
investment and favor particular industries. For instance, Abraaj has its offices in
the International Financial Center, a neighborhood where regulations against
foreign ownership of firms has been lifted.
There are several other similar zones, targeted for specific industries, including
technology and media: In the Internet Zone and a neighborhood called Media City,
employees aren't subject to the same work-visa requirements as elsewhere in the
emirate.
Facts and figure :
The population of this United Arab Emirate has exploded from less than a million a
decade ago to more than 3.3 million today; about 80 percent of those are expats.
Between 2013 and 2014, employment grew 4.7 percent, and GDP per capita grew
4.5 percent, to $24,866.
Sources : http://www.cnbc.com/2015/12/21/3-reasons-dubai-is-rising-as-a-tech-startup-hub.html
Through its Smart Government and Smart City projects, Dubai is exploring the potential of the
Internet of Things, and the worlds leading technology companies are coming to Dubais Free
Zones to help them do it.
Dubai already has the worlds highest rate of mobile phone coverage in terms of population, one
of the highest rates for smartphone penetration and an excellent telecommunications system.
As a basic symbol of the Smart City, free Wi-Fi zones have popped up in more than 200
locations around Dubai and even at the beach people can get access to the Internet as well
as government services and information.
The World Economic Forum placed Dubai 24th on the forums Network Readiness Index out of
148 countries. The index measures usage of ICT, the regulatory environment, and the impact on
the economy of digital technology.
Already an ICT hub for the Middle East, the IoT venture makes Dubai a centre for digital
experimentation for major IT companies interested in new uses for their products and ideas.
The Internet of Things is an emerging way of managing and controlling the physical environment
through sensors that are connected to networks and computer systems.
These sensors capture extraordinary quantities of data that can be analysed and put to use in a
multitude of ways for individuals, homes, retail shops and offices, factories and cities.
Smart watches, energy management in buildings, environmental monitoring and adaptive traffic
control are just some of the applications of IoT that are made possible by the proliferation of
smart devices and wireless connectivity.
The ability to monitor and manage objects in the physical world electronically makes it possible
to bring data-driven decision making to new realms of human activity, the McKinsey report said.
Since the turn of the century, Dubais Smart Government project has been digitising government
services to create smoother communication with its citizens.
Anyone who has experienced the hassles of moving to the UK or Europe, for example, would
appreciate the 2,000 services which are now integrated through the Smart Government project
using online services and smartphone messaging.
And in areas such as trade and exporting, the application of digital technology has magnified
Dubais performance as an export hub so that it now has the most efficient port in the world.
Now this original vision is evolving beyond systems that rely on human input using touchscreens
or keyboards, to one where sensors collect data that can be analysed to improve urban services,
such as health, traffic congestion, energy usage, waste management and pollution.
These two digital projects have the potential to make Dubai more liveable and safer; to make
business more efficient; government more responsive; and to create more sustainable
consumption of energy and water.
They also require major investments in ICT infrastructure, especially the networking hardware to
coordinate smart devices or sensors with computers.
Some of the worlds biggest technology companies, such as Microsoft, Cisco, Oracle and
MasterCard have set up in Dubais Free Zones, where they benefit from corporate and personal
taxes exemptions and full capital and profit repatriation.
Their offices in Dubai Internet City, Silicon Oasis and the Dubai Outsource Zone engage in
research and development and industrial production.
Their presence in Dubai also allows them to reach regional markets that have rising disposable
income and growing consumer and business tastes for ICT products.
Dubais venture into the Internet of Things is creating a global Smart City that puts the emirate on
the right side of technological history.
Source: http://www.visitdubai.com/en/business-and-investment/businessincentives/global-market/dubais-digital-revolution
2014. Therefore, it has become highly viable for the existence of penetration testing in Dubai .
This has led to the development of antivirus and service providers cybersecurity in the city.
The 21st century has seen an undeniable increase in the use of Internet and keep up with the
trend, Dubai also offers almost anything you need on the Internet. From small scale to the largest
business, Dubai has its share of all types of businesses. The technology sector, although it has
had a major boost in the past decade.
Sources: http://financewithtechnology.com/impact-of-information-technology-on-thecity-of-dubai/.
http://www.totaluae.com/news/uaes-tech-sector-performance-boosts-2gis-growthprospects/
http://www.asmag.com/showpost/16917.aspx