May June 2021

Page 30

Cover Story

Embracing the new dawn in the UAE One of the core strengths of Dubai and the entire UAE is that it is at the forefront of innovation, not just in the region but even in comparison with the rest of the world, says George Hojeige, CEO of Virtuzone

DUBAI’S MAIN STRENGTH HAS ALWAYS BEEN ITS AGILITY AND CAPABILITY TO MAKE DECISIONS QUICKLY AND IMPLEMENT THEM. THIS HAS BEEN A HUGE ADVANTAGE.

GEORGE HOJEIGE tiatives, infrastructure, and a conducive ecosystem to advance support their projects. Dubai also attracts people who are keen to use the latest technologies and wants to be pioneers in using and leveraging cutting-edge technologies to give their businesses a competitive edge in their respective markets.

ics and 3D printing, boosting its reputation as a leader in innovation and the region’s technological hub.

The implementation of the latest technologies also helps accelerate business processes, which translates to significant savings in both time and cost while increasing efficiency and production capacity. These factors give startups the boost and competitive edge they require to enter the market strong and vie for market share with established players.

Through this position, the UAE attracts investors and entrepreneurs who are keen on developing new technologies. The Dubai government’s commitment to innovation gives entrepreneurs, companies, and innovators the confidence to push the limits when it comes to developing new ideas and technologies owing to the availability of ini-

Lifestyle is also a big factor. The UAE’s openness to change and willingness to embrace new ideas helps put people at ease here and gives them a sense of long-term security. Foreigners can visualize a home for themselves in the UAE, which is why entrepreneurs and investors are willing to establish their businesses in the Emirates.

G eorge Hojeige, CEO, Virtuzone. How can Dubai or the UAE, remain competitive and further cement its position as the startup capital of the MENA region and the world? One of the core strengths of Dubai and the entire UAE is that it is at the forefront of innovation, not just in the region but even in comparison with the rest of the world. As a strong advocate of innovation, the UAE has been actively adopting emerging technologies, such as artificial intelligence (AI), robot-

30

MEABUSINESS

Business News for the MEA region


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Articles inside

Can Inta-African trade buffer the continent from future global economic recessions?

6min
pages 48-49

Open Banking without Strong Customer Authentication creates bad customer experience and leaves banks vulnerable. So why adopt one without the other

5min
pages 46-47

The impact of covid-19 on South Africa’s financial sector

6min
pages 44-45

Cashless Dubai Initiative reports major progress

4min
pages 42-43

Accelerating Digital Transformation Through the hybrid cloud

5min
pages 40-41

STORY Hospitality launches a new 4-star lifestyle brand, CUE Hotels

2min
pages 38-39

Gilf Air supports air tranport of urgent medical supplies to India for COVID-19 relief

2min
page 37

Air Arabia reports first quarter 2021 net profit of AED 34 million

2min
page 36

Rise in Sustainability focused Education to Fuel Dubai 2040 Urban Master Plan

4min
pages 32-33

The Middle East is set to become a market leader in renewable and clean energy

3min
pages 34-35

Embracing the new dawn in the UAE

5min
pages 30-31

Creating an enabling environment

4min
page 29

An optimistic outlook

9min
pages 26-28

Nurturing business and startups ecosystem

5min
pages 24-25

IATA urges governments in the middle east to work together to develop a roadmap to restart aviation

3min
pages 22-23

New research shows the trend towards ESG and sustainability invertement is growing at pace due to the pandemic

4min
pages 18-21

MENA energy investements to exceed $805bln over the next five years: APICORP

2min
pages 10-11

Invest Africa and DLA piper part ner to support ESG best practice in African renewable energy projects

2min
page 12

How to start online trading (begin ners guide

4min
pages 16-17

UAE economy on tracks towards recovery in 2021

2min
pages 14-15

Acronis, recives more than $250M investment at a $2.5B valuation

2min
page 13

to be the largest in the Middle East Gulf Air Delivers 400,000 Vaccines

2min
pages 8-9

Saudi Arabia wind farm project set

3min
pages 6-7
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May June 2021 by MEA Business - Issuu