Millennials fuel mobile app development in the UAE
Fahad Al Bannai, CEO of axiom highlights that app development is creating a “fertile ground” for tech savvy innovators
Axiom's CEO has revealed that the UAE's young digital entrepreneurs are driving growth in the region due to an insatiable appetite for mobile apps.
Fahad Al Bannai has said that it is just the beginning. "What we are witnessing now is a lifestyle evolution, one in which errands are transforming into services, all with the help of mobile apps. And in the UAE, where app developers are widely available, and entrepreneurship is encouraged, this technology is creating fertile ground for the country's digital innovators. Many are already reaping the benefits, and many more will follow."
A number of UAE-based tech startups have already shown huge success, including the car-booking service company, Careem which is valued at $350m in 2016, delivery service provider, Fetchr! which is valued at $11m in 2015 and online restaurant reservations platform, ReserveOut, at $4m in 2016.
Plus dozens of other innovative UAE-based startup apps are making a strong presence in the market, from on-demand laundry service provider, Washmen, and grocery delivery app, InstaShop, to numerous online food delivery platforms, such as Talabat, Eat Easily, and Food on Click.
"I am confident we will continue to see significant developments in how these apps are developed and their functional capabilities. One thing is for certain, however -- the race is on to build tomorrow's most coveted mobile app," Al Bannai added.
According to app developer, Flagship Projects, the UAE has captured 60% of the Middle East's smartphone mobile app business. Furthermore, a report by Accenture has revealed that digital entrepreneurs and tech startups have the potential to contribute significantly to the UAE's economy.