clipped from www.american.edu

Dubai Technology and Media Free Zone was created in the year 2000 as part of the UAE's efforts to transform itself into a knowledge economy. The zone was established as a tax-free commercial area with three main hubs: The Dubai Internet City for information and communications technology (ICT) companies, the Dubai Media City for media companies, and the Knowledge Village for knowledge-focused companies. Subsequently an Outsourcing Zone was added to the Technology and Media Free Zone to capitalize on the countries strategic position to establish outsourcing operations in the region.

Begun in 2000, the Dubai Internet City (DIC) provides a Knowledge Economy Ecosystem designed to support the business development of Information and Communications Technology (ICT) companies. It is the Middle East’s biggest ICT infrastructure, built inside a free trade zone.

clipped from www.american.edu

Dubai Internet City Benefits

The following benefits of business operations in the DIC are promoted by the UAE government.

Free Zone
• 100% Tax Free.
• 100% foreign ownership.
• No Customs duties.
• Full currency convertibility.
• No restrictions on the repatriation of capital and/or profits.
• No trade barriers or quotas.

One Stop Shop
• Simplified incorporation process.
• Hassle-free company laws and legal framework
• 24-hour visa service
• Quick access to Knowledge Workers due to fast-track immigration process.

Infrastructure
• World’s largest commercial implementer of IP telephony.
• Structured cabling supporting Gigabit applications.
• Scalable broadband internet access to desktop.
• Scalable and serviced office space, land lease options and competitive pricing.

ICT Cluster
• Every element of the ICT value chain.
• Channel Development opportunities.
• Networking opportunities.

clipped from www.american.edu

Dubai Knowledge Village (KV) is a vibrant, connected learning community that the UAE government has begun to develop with the stated objective of "developing the region’s talent pool and accelerating its move to the knowledge economy."

KV was set up to develop Dubai into a destination for education for both regional and international learners.

Dubai Knowledge Village provides the infrastructure for developing, sharing and applying knowledge. In addition, Dubai Knowledge Village has expanded to include the mega-campus Dubai Knowledge Universities, the first stage of which will be completed in 2006.