Dubai Internet City
Encyclopedia : D : DU : DUB : Dubai Internet City
Dubai Internet City (DIC) is an information technology park created by the government of Dubai has a free economic zone where companies can operate without restrictions on foreign ownership which exist elsewhere in the United Arab Emirates. This freedom has lead many global information technology firms to move their regional base and resources to premises in the DIC. DIC is located right next to other industry clusters such as Dubai Media City and Dubai Knowledge Village.
The economic rules of DIC allow companies to avail themselves of a number of ownership, taxation and custom related benefits which are guaranteed by law for a period of 50 years. Companies which have established operations at DIC include Microsoft, IBM, Oracle Corporation, Sun Microsystems, Cisco, HP, Nokia, Siemens, e-dinar and many others.
DIC presently has over one and half million square feet of prime commercial office space, and there are over 700 companies based out of here with over 10,000 people working within the zone.
History
Dubai Internet City opened doors in October 2000, developed by Dubai Holding, an affiliate of the Government of Dubai.
Recently, DIC has become rather too successful. From some time in the second half of 2005, new applications to establish companies at DIC are on hold due to the lack of office accommodation within DIC to house them. There is also a significant number of companies that have been incorporated at DIC prior to this but are operating on a temporary license while awaiting office allocations. While a number of new buildings are under construction as of mid 2006, DIC is still unable to give any firm estimates as to when these might be completed although it is suggested that the backlog of those on temporary licenses will be cleared by the end of 2006.
Location
Dubai Internet City is about 25 kilometers south of the center of Dubai city on the Shaikh Zayed Road towards Abu Dhabi city. It is located in an area which is rapidly becoming the new downtown of Dubai. It is less than 1 km from the sea coast and is in near several five star hotels.
See also
External links
- [Dubai Internet City] - Official website
- [Dubai Internet City image gallery]
- [Dubai Media City] - Official website
- [Dubai Studio City] - Official website
- [Dubai Holding] - Official website
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