Dubai Internet City to explore opportunities in Far-East at CommunicAsia 2008

The 19th International Communications and Information Technology Exhibition and Conference (CommunicAsia) will be held from 17-20 June at the Singapore Expo. The event seeks to transform the way technology and businesses intertwine, enabling leading operators, service providers, regulators, vendors and consultants to network and exchange industry best practices for the future of technology.

Throughout the four-day event, a three-member DIC senior management team (at Stand 4E2 01) will highlight the unique business incentives the cluster offers to companies for setting up operations. The officials will also advise potential Asian partners aiming to tap the increasing business opportunities in the rapidly expanding Middle East market for ICT products and services.

Malek Al Malek, Executive Director, Dubai Internet City, said:

"Our stronger presence at CommunicAsia2008 for the 4th year confirms the importance we place on expanding our footprint in the Far-Eastern markets. In its previous editions, the exhibition enabled us to initiate contact with key business decision-makers. Dubai Internet City also succeeded in attracting significant business from that part of the world by virtue of its unique purpose-built infrastructure and a host of logistical advantages."

"Through our participation this year, we aim to offer our peers in the Asia-Pacific region the immense investment potential in the Arab world. DIC already hosts approximately 18 companies from China, Malaysia, Singapore, Indonesia, Japan and Korea. We are confident our presence in CommunicAsia will facilitate more companies to seek our alliance to strengthen their presence in the Middle East."

The Asia-Pacific market is estimated to expand to $431bn by 2009 from the current $276bn, which ranks the region among the highest potential growth markets in the world.

DIC's parent company Tecom Investments opened an office in Shenzhen, China, in 2006 to tap into the Far-Eastern market. Providing easier access for DIC-based companies to the ICT markets in East Asia, the office also offers updated information on partnership opportunities, business development, and the cluster's value added services.

Hosting most of the Fortune 500 companies as well as more than 1,000 specialised industry leaders from diverse segments of the information and communication technology sectors, Dubai Internet City has emerged as a global ICT hub, while catering to the region's increasing focus on knowledge-economy. Currently DIC is home to around 14,000 professionals, working in different ICT sectors.