Last updated on May 15th, 2013
Dubai Internet City is an information Technology park created in October 2000 by the government of Dubai as a free economic zone and a strategic base for companies.
Dubai Internet City (DIC) presently has over one and half million square feet of prime commercial office space, in which over 850 companies with over 10,000 workers are based. Dubai Internet City is about 25km south of downtown Dubai city, on Sheikh Zayed Road between Dubai and Abu Dhabi. It is located adjacent to Dubai Marina, Jumeirah Beach Residence and Palm Jumeirah. DIC is less than 1 km from the sea coast and is near several five star hotels.
According to Wikipedia the economic rules of DIC allow companies to avail themselves of a number of ownership, taxation and custom related benefits which are guaranteed by law for a period of 50 years. One model of operation includes 100% foreign ownership, similar to those prevailing in other designated economic zones in the United Arab Emirates. These freedoms have led many global information technology firms, such as Microsoft, IBM, Oracle Corporation, Sun Microsystems, Cisco, HP, Nokia, Cognizant and Siemens, as well as UAE based companies such as i-mate, Acette, to move their regional base to the DIC.
Dubai Internet City