The development of technology and innovative business in the UAE is a key focus of government policy aimed at diversifying the economy and reducing dependence on the oil sector. In recent years, the Emirates has become one of the leading technology and investment hubs in the Middle East, attracting startups, venture capital funds, and international high-tech companies.
The government actively supports innovative projects, creating the conditions for the development of such areas as artificial intelligence, fintech, cybersecurity, smart cities, renewable energy, blockchain, and biotechnology. One of the most important steps in this direction was the adoption of the national strategy "UAE Vision 2031" and the "UAE Innovation Strategy" program, aimed at transforming the country into a global hub for knowledge and the digital economy https://sorp.ae/en/doing-it-business-uae/
The UAE has created a comprehensive infrastructure for technology entrepreneurship. The country boasts dedicated innovation and technology zones, including Dubai Internet City, Dubai Silicon Oasis, Abu Dhabi Global Market (ADGM), twofour54, Sharjah Research Technology and Innovation Park (SRTI Park), and Masdar City. These zones offer startups and companies preferential registration conditions, tax exemptions, the possibility of 100% foreign ownership, and access to modern offices, laboratories, and research centers.