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U.A.E’s Digital Drive Means Opportunities Galore for Indian Tech Firms & Talents

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Indian Tech Firms & Talents, UAE Dubai's Digital Drive Means Opportunities Galore

The year 2022 ended on a sweet note for both UAE and India as it witnessed the signing of a historic CEPA between the two with improving bilateral relations on both the economic and political fronts. In 2022, after the USA and China, the UAE became the third largest trading partner of India with bilateral trade exceeding USD 88 billion between the two countries.

Almost 40% of the UAE population is Indian and the ambitious digital infrastructure drive coupled with the growing technology startup incubation in the country is all set to attract more Indian tech talents and investors for Company Formation in Dubai, UAE. The recent initiatives undertaken by the UAE government including the issuance of Golden visas and long-term visas to freelancers in the tech field are seen as added catalysts fueling tech talent migration from India to the UAE.

The recently held GITEX Global show in Dubai during the middle of October 2022 also witnessed a huge response from Indian technology startups who displayed AI-powered solutions for creating multilingual videos of digital avatars including several technological innovations in health tech, blockchain, big data, IoT, metaverse and Web 3.0.

Dubai is also aggressively promoting the latest technologies in coding, big data analysis, virtual and augmented reality and human-machine interaction to drive the future for realizing the vision of Sheikh Mohammed bin Rashid Al Maktoum, the Ruler of Dubai. Today, Dubai is a city of big data specialists and coders making it a global hub for
the metaverse community.

With the building of the Museum of the Future, Dubai UAE has conveyed to the world that the country has embarked upon its relentless futuristic journey of flying digitally high and exploring celestial bodies. Emirates space agency has already launched the Moon and Mars missions and is now planning for an interplanetary mission of landing a spacecraft on an asteroid.

“We want the UAE to become the world’s most prepared country for Artificial Intelligence,” said His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai and announced on Twitter regarding his plans for the Centennial 2071 project. The UAE first rolled out Strategy for Artificial AI in 2017 which is considered to be the first mega project to achieve the objectives of the UAE Centenary 2071 to make all government services, sectors, and infrastructure projects rely on AI focusing on the economy, education, government development, and community cohesion.

The UAE AI strategy has placed the country at the top of the region for its readiness to adopt AI and will attract increased investments in the latest AI tools and technologies for promoting more effective governance and achieving 100% utilization of AI in government services and data analysis.

Dubai also plans to lead other emirates in 3D printing by 2030 and come out as a role model in all areas of science and innovation. By 2030, the city wants to become the most preferred destination for innovation and technology-driven businesses.

Dubai also has plans to convert 25% of all vehicles to autonomous driverless AI-based vehicles by 2030 to realize enormous time savings and a huge rise in manpower productivity.

Dubai also plans to switch over to renewable energy with the help of innovative technologies and under its clean energy strategy wants to reduce the city’s dependency on conventional energies by 75% by 2050. The Mohammed bin Rashid Al Maktoum Solar Park in Dubai is the largest single-site solar park in the world that would have the capacity to produce 5,000 MW of power by 2030.

The country focuses on promoting global free trade agreements and agritech that would help it become the world’s number one country in the Global Food Security Index by 2051.

Final Thoughts

As Dubai UAE accelerates the pace of digital transformation and adoption of smart technologies, opportunities galore for Indian technology firms and professionals. India is the leading innovation hub in the world and has a vast IT talent pool. India and the UAE have been great partners on multiple fronts including IT.

There are multiple opportunities for Indian entrepreneurs who can leverage Dubai’s rapid digital transformation and set up companies with the help of reputed and professional business setup consultants in Dubai.

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