ICT clusters key to future of Middle East region, says Dubai Internet City's Executive Director at Gitex Technology Week 2009

Al Malek's comments came as part of his keynote presentation 'The significance of ICT clusters' recently during Gitex Technology Week 2009, the region's largest industry event that opened on 18 October and will run until 22 October at the Dubai International Convention and Exhibition Centre.


He said:

"The development of the ICT cluster holds much value and significance to a number of stakeholders namely small and medium-sized businesses, multinationals, government, the talent pool and in short, the greater economy. ICT companies are proving to be part of an ecosystem that fosters the development of local talent and commercial success. To keep the momentum of growth, it will be vital to examine areas in the lifecycle that can strengthen yet diversify the knowledge-based economy in the region."

In his address, Al Malek examined how the ICT cluster business model impacts players who are part of the ecosystem on a number of levels, citing that ICT parks are being perceived as a catalyst for the fast growing and vibrant IT sector in the region.

He added, "The ICT cluster should be instrumental in nurturing the local talent pool. In strategically tying up with academic institutions in the region, the business model of Dubai Internet City aims to enable UAE nationals the opportunity to take an interest in the technology sector through the guidance of internships and training programmes. This is just one example of how the ICT cluster forms a vital link to the rest of the eco-system lifecycle which greatly benefits the overall economy."

The Booz and Co. industry report conducted this year also examined the role of next-generation ICT parks in the GCC region. The report found that successful ICT parks offered the best commercial environment for IT companies while attracting a large number of companies. Dubai Internet City was cited as a key example for achieving these business objectives.

The Gitex Technology Week 2009 concluded this week having showcased global brands, and brought together multinational corporations and technology leaders for a week of product launches and key industry meetings. The event also offered opportunities for networking and building discerning partnerships with industry professionals.