The facility will provide greater access to residents from Liwa, Mirfa, Gayathi, Ruwais, Tarif from Western Region
Smart city applications are expected to create huge business opportunities with a global market value of $1.5 trillion in 2020, said Dubai SME, an agency of the Dubai government’s Department for Economic Development.
In addition, the Middle East and North Africa (Mena) region is expected to be linked through over 545 million connected devices by 2020, which means around 6-7 connected devices per household. Dubai SME revealed the figures during a seminar it organised under the title ‘A 360 Degree Perspective of Industry Competitiveness and Leadership’ in partnership with Frost & Sullivan to help the Dubai SME100 companies understand the macro global trends shaping the economy, the region, the industry and the potential impact on the future of business. Global online retail sales are expected to account for 16.6 per cent of total retail sales by 2020, indicating that one out of every 10 retail transactions will be done online. This increase in online retailing is ushering new logistics business models.
Y. S. Shashidhar, managing director of Frost & Sullivan, Middle East, North Africa and South Asia, said the region is poised for social change, adding that this change is resulting in the collapse of conventional ways of doing business and challenging SMEs and their growth plans.
Abdul Baset Al Janahi, CEO of Dubai SME said that SMEs in Dubai need to keep developing their potential, and be distinct in their products and services, so they will be ahead of the curve.
The facility will provide greater access to residents from Liwa, Mirfa, Gayathi, Ruwais, Tarif from Western Region
High taxes, rising prices and rents, and fewer opportunities in those countries are prompting many to return to the Emirates, say experts
The UAE already has a 10-year Golden Visa programme for investors, entrepreneurs, property buyers and outstanding students since 2019
The anniversary coincides with the UAE’s decision to extend the ‘Year of Sustainability’
Redwood Center of Excellence offers a nurturing environment with an IB Primary Years Programme, blending Montessori, Reggio Emilia, EYFS, and STEM, ensuring holistic development for children
Both countries will not only promote existing relations in petrochemical, energy and infrastructure but they are keen to explore new avenues and sectors to diversify their economic relations
UAE’s most-awarded nursery chain pioneers quality education and child development across 30 convenient locations in the UK and UAE
Unveiling the strategies driving the UAE's spa and wellness industry to new heights