Survey Reveals UAE As Premier Tech Hub, Surpassing Germany And Hong Kong
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A new survey by Capital.com, an international trading platform and the fastest-growing tech company in the Middle East, shows that the UAE is quickly becoming a strong tech hub.
The survey asked 1,000 people in Singapore, India, Vietnam, and Hong Kong and 81% of tech experts in Asia believe the UAE is a growing technology hub. Another 76% believe the UAE is a good place for the tech industry to grow.
Government Backing Is Crucial For UAE’s Tech Progress
The UAE’s rise as a tech hub is attracting tech workers in the region. Almost half (45%) of those asked said they would move to the UAE for work, which is higher than countries like Hong Kong (20%) and Germany (38%) as places people want to move to.
This puts the UAE close to other popular places like Singapore (46%), the US (52%), and the UK (57%), as places tech workers prefer to move to.
Tarik Chebib, the Chief Executive Officer of Capital.com in the Middle East, gave his opinion concerning the findings. He stated that it’s exciting to see 8 out of 10 people in the survey recognize the UAE as a tech hub.
He said the region is now seen as a great place for tech talent. Chebib added that many tech experts from Asia usually move to places like the UK, Singapore, and the US, so it’s great to see the UAE being viewed as just as attractive to live and work in.
The UAE’s government support is a big reason why the country is becoming known as a tech hub and a top choice for tech workers to move to. Of those asked, 93% said that having a government that supports the tech industry is important. This shows the UAE’s strong effort to grow as a global tech hotspot.
Capital.com Aims To Speed Up The UAE’s Tech Sector Growth
Most people in the survey (74%) said they like the UAE’s banking, real estate, healthcare, and visa services for tech professionals. They also pointed to a good quality of life (60%), good pay (54%), and the UAE’s location (52%) as reasons they would move there.
Chebib added that as a collaborator on the UAE’s NextGenFDI plan, Capital.com has seen how the government works hard to help the tech sector grow.
He said the UAE’s friendly business environment, new ideas, and position as a link to the Middle East, Asia, and Africa make it a perfect place for businesses and talent. He added that Capital.com is happy to help the tech sector grow in the UAE.
Although everyone in the survey was open to moving for work, 47% said they are already looking for places to move, showing that the UAE has a great chance to attract and keep tech talent.
