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FINANCIAL NEWS
UAE investment in tech grows to USD799mn in 2016
18 May 2017
(MENAFN) The UAE has increased the size of its investment in tech from USD35mn in 2013 to USD799mn in 2016, as exposed a report by Dubai SME.
Furthermore, the State of Digital Investment in MENA report emphasizes how the country remains the preferred destination for investors and entrepreneurs for the fourth year in a row.
Accordingly, the UAE has clear legislative and regulatory frameworks that protect the rights and interests of investors but also permit emerging investors and entrepreneurs to achieve a success.
Last year, 90 percent of all dollars invested in the MENA region went to the UAE, which will continue, driven by the fact that growth stage firms are increasingly Dubai-based.
MENAFN1805201700450000ID1095488734
MENAFN1805201700450000ID1095488734
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