The Dubai Airport Freezone Authority (DAFZA) has launched Scality, an innovative start-up program to enable local, regional, and international tech start-ups to establish and expand their businesses in the region.
According to the free zone authority, Scality offers a subscription-based service that covers leasing and license costs, as well as office space for start-ups. Start-ups may also use a pay-as-you-grow model to scale their teams more flexibly and efficiently.
Dr. Mohammed Al Zarooni, Director General of DAFZA remarked that “These initiatives aim to strengthen Dubai’s position as a preferred destination for entrepreneurs and enhance its workforce through attracting innovative thinkers and talent to the emirate.”
Fintech, eCommerce, Health-tech, Deep technology industry, and Smart City solutions are just a few of the areas where the Middle East and North Africa (MENA) region is seeing tremendous growth in the technology sector. The COVID-19-led digital shift and changing market demands are expected to raise e-commerce revenues in Dubai by 23 percent to $27 billion in 2022.
Ms. Amna Lootah Assistant Director-General DAFZA pointed out “DAFZA aims through Scality to provide entrepreneurs with integrated solutions and services to help ease some of the challenges they may face while establishing their businesses. These challenges include upfront costs and set-up funds, access to talent as well as the ability to scale up sales.”
“We offer cost-effective and flexible setup solutions, as well as access to a network ecosystem to allow them to showcase their cutting-edge services and explore potential partnerships” Ms. Lootah further added.
In last year a joint venture has been developed by DAFZA and property developer Wasl to support the eCommerce industry in UAE.