Dubai Internet City's road show in Sweden opens up fresh investment opportunities

Held in collaboration with the Swedish Trade Council in Dubai, a high-ranking delegation from Dubai Internet City, Majed Al Suwaidi, Director of Commercial Operations and Faisal Hammoud, Commercial Operations Manager visited the cities of Stockholm, Linkoping and Gothenburg to showcase DIC strategic benefits and services. The team met with senior executives from over 40 Scandinavian companies, who were looking to expand their market footprint in the Middle East Region.

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

"A number of Swedish companies have established themselves as world leaders in a wide range of IT sectors over the last few decades, especially in wireless communication, e-commerce and new media. Their commitment to invest in information technology for innovation and societal development inspires the industry to keep up with technological progress."

"Dubai Internet City holds a track record in attracting some of the most dynamic IT companies from all over the world. Ongoing collaboration with the Swedish ICT industry Players, particularly in the cities that are recognized IT leaders worldwide, will continue to strengthen our ties in exploring new channels of business development while expanding our customer base in Scandinavia," he added.

Senior member representatives from Dubai Internet City also visited the University of Linkoping, the third largest university in Sweden. Currently ranked first in the country for its quality of education in Computer Science, the University of Linkoping is also the first in Sweden to offer specialized degree programmes in IT and engineering including industrial and electrical engineering.

According to reports from the Swedish Trade Council in 2006, Sweden's export totaled SEK1.085bn (Dhs487m), of which Middle East and North Africa's (MENA) share amounted to nearly 5.2%. Sweden was also ranked the 4th most competitive country behind Denmark, at the World Economic Forum this year. Talent, technology and tolerance were three qualities highlighted as the country's business-friendly features.

Dubai Internet City currently hosts a number of Swedish companies in the freezone including Ericsson, one of the largest Swedish telecom providers and Dovado, a mobile broadband access provider.