The new economic strategy of UAE is based on knowledge, education and modern technology. It is the main factor that dominates the policy of the government of UAE for economic growth. In contrast to most of the other regimes in the world, the government of UAE is known for taking rapid and solid steps for any strategy that it makes. A recent report clearly shows the same attitude of the government of UAE in this regard.
Huawei Technologies is a famous and reputed Chinese multinational networking company that operates all over the globe. Since 2014, the company has been releasing Global Connectivity Index (GCI) reports in order to develop roadmap of digital economy in different parts of the world. According to the latest Huawei’s GCI 2018, UAE has been placed at the top position in the MENA (Middle East & North Africa) region and at 23rd on global scale. The report showed that the broadband market in UAE is one of the latest in the region and on the global level.
The report says the rate of computers and smartphone possession has increase a lot while improvement is also seen in 4G coverage and cloud experience in the country. The country is fairly ahead in the fields of broadband and data centers but slightly behind in cloud technology, IoT (internet of Things) and big data as compared to global average. UAE has improved its rating in supply, demand and experience in the digital world but the potential in the field has reduced.
The overall scenario is that UAE gained 53 points out of 100 in GCI 2018 which is quite satisfactory if we view the score of countries at the top. USA (78 points), Singapore (75 points) and Sweden (73 points) remained at the top 3 positions. Japan is at 10th position with 65 points which is not far away from UAE.
The report clearly describe the efforts of UAE government in developing the digital and IT sector in the country. It also highlights the scope of business related to internet, telecommunication and IT sector in UAE in the near and far future. No doubt, businesses and professionals related to IT & telecommunication will thrive more by starting their business or job in UAE than in most of other countries. Investors in IT sector should not miss this opportunity that is surely available in the current time and will remain so in future.
An IT and telecom company or investor can avail full benefits of these opportunities by registration of the company in any part of UAE. We at Riz & Mona Consultancy can assist you in getting trade license of your business in Dubai and other emirates of UAE. You can contact us by dialing WhatsApp # 971-56-9971225.