BY Salman Lakhani
/
ON Oct 13, 2018

GCC Region is All Set for a Technological Transformation

GCC Region Technological Transformation

Over 180 million internet users, an e-commerce market valued above $20 billion, and a projected economic value of approx $53 billion, these humongous figures exhibit the sheer potential of the UAE region to become a technological hub in the next five years.

Technologies such as AR, VR, AI, IoT, and the most crucial blockchain has disrupted the global scenario of personal and professional practices. Development of smart cities is the primary focus of the Middle East region, and IoT is to play a humongous role in succeeding the vision.

UAE has a tailor-made structure to adopt futuristic technologies and particularly, Dubai has one of the most connected airports globally that can be counted as a massive advantage regarding promotion and adaptation of technology.

The uberization of the Middle East region leveraging technology has started disrupting various industries including real estate, healthcare, food, transport, financial services, mobile payment, government projects, etc.

According to the industry analysts at Gitex Technology Week, the cloud market of GCC is to be valued at $668.5 million by 2020. Leveraging technology, Dubai is projected to solely generate above $5 billion of economic value by 2021.

GITEX plays a vital role in promoting the latest cutting-edge technologies in the Gulf region. Along with tech startups and mid-level businesses, senior leadership from globally renowned organizations such as Microsoft, Google, Facebook, Hewlett Packard, Alibaba, Amazon, etc. step in the exhibition to explore the potential of the region.

This year, the exhibition is themed under the banner of “Future Urbanism” and with Middle East’s tech market growing exponentially, this year’s GITEX happening from 14th to 18th October is all set to transform the region for once and forever.

The business industry of the Middle East and neighboring countries is on the boom, and our tech solutions are tailor-made to cater to all the needs of businesses.

Undoubtedly, the ambitious approach of the crown prince is turning the tables around for the country that includes a new knowledge economy city, NEOM, that is to be powered by drones, artificial intelligence, and drones. The kingdom’s vision 2030 is on the verge to radically transform the country’s economy into an urbanized space.

The Middle East market is destined to generate a lucrative economic stream, and in the next few years, Dubai is seen as a prospect of becoming a global tech hub.