Dubai Internet City (DIC)

Dubai Internet City (DIC) is an information technology park created by the government of Dubai as a Free Economic Zone and a strategic base for companies targeting regional emerging markets.

DIC is located adjacent to other industrial clusters such as Dubai Media City and Dubai Knowledge Village.
The Free Zone presently has over one and half million square feet of prime commercial office space, in which over 1,600 businesses including:

  • Fortune 500 companies,
  • SMEs,
  • start-ups,
  • entrepreneurs

The economic rules of DIC allow companies to avail themselves of a number of ownership, taxation and customs related benefits which are guaranteed by law for a period of 50 years. One model of operation includes 100% foreign ownership, similar to those prevailing in other designated economic zones in the UAE. These freedoms have led many global information technology firms, such as Facebook, LinkedIn, Google, Dell, Intel, Huawei, Samsung, SAP, IBM, Microsoft, Oracle Corporation, 3M, HP, Nokia…, as well as UAE based companies such as Ducont, to move their regional base to the DIC.

Source: www.wikipedia.com

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