His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, on Monday launched major investments in Dubai’s internet and media zones worth Dh4.5 billion.
The projects will be implemented in a span of five years and will include 10 million square feet of space for innovation complexes, technology laboratories and smart buildings. Other initiatives include business incubators and financial funds to stimulate innovation.
The announcement was made during a ceremony on Monday to mark the 15th anniversary of Dubai Internet City.
“Dubai Internet City has supported the transformation of our national economy into a knowledge economy. We have kept pace with great changes in technology. Now the time has come for Internet City to become a creator of change,” Shaikh Mohammad said.
Continue reading at Gulf News:
Dubai Internet City to get Dh4.5b innovation hub
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