DSO and London & Partners sign MoU for collaboration
Dubai Silicon Oasis and London promotional company to focus on knowledge and technology exchange
Dubai Silicon Oasis (DSO) has signed a memorandum of understanding with the Mayor of London's official promotional company, London & Partners, to encourage the transfer of knowledge and technology between London and Dubai.
The agreement was signed during London Technology Week, which runs until 21st June. The event aims to highlight London's position as Europe's leading technology cluster. The MoU is intended to encourage technology companies and entrepreneurs to exchange knowledge and to collaborate to expand their global footprints.
The MoU was signed by Dr Mohammed Alzarooni, the vice chairman and CEO of Dubai Silicon Oasis Authority (DSOA), and the chief executive of London & Partners, Gordon Innes.
Dr. Mohammed Alzarooni, vice chairman and CEO of DSOA said: "Under the directives of our leadership, Dubai is reshaping its economy to emerge as a frontrunner in the hi-tech industry domain. DSOA plays an integral role in contributing to this vision. With its array of offerings for multinational technology companies and start-ups ranging from expert consultation services and financial support to a fully capable office space, DSOA has established itself as the place to be and operate from for a truly well-rounded experience and successful business".
"We are proud to sign this mutually beneficial agreement between DSO and London to enable the exchange of information and experience among tech entrepreneurs from both bases. We look forward to collaborating and working hand in hand with the UK city and its entrepreneurs through exchanging information, knowledge and experience. We are confident that this partnership will help local entrepreneurs from each side expand their global footprint as well as their understanding of a second geographical technology market and its specific strengths, challenges and opportunities," Alzarooni concluded.
Gordon Innes, chief executive of London & Partners, the Mayor's promotional company for London said: "Dubai is an important partner for London and we are delighted to announce this collaboration at the start of London Technology Week. London is Europe's most successful technology cluster, attracting more technology investment during the last decade than Paris, Dublin, Amsterdam, Madrid and Munich combined. The city attracts the best talent from around the world and this new partnership with Dubai's free zone for tech businesses will see our entrepreneurs collaborating with the brightest minds from the Gulf. The agreement is testament to London's visionary founders and investors who have made London the most exciting place in the world for digital technologies."
Research from professional services firm EY 2 shows that London has more more international investment projects than Paris, Dublin, Madrid, Amsterdam and Munich combined. The number of technology companies in London has also risen by 46% since the launch of the London Tech City initiative five years ago.