{"id":44570,"date":"2023-10-20T18:36:42","date_gmt":"2023-10-20T15:36:42","guid":{"rendered":"https:\/\/saudishopper.com.sa\/en\/?p=44570"},"modified":"2026-03-28T04:19:44","modified_gmt":"2026-03-28T01:19:44","slug":"dubai-internet-city-and-korea-national-it-industry-promotion-agency-sign-mou-to-bolster-global-technology-sector","status":"publish","type":"post","link":"https:\/\/saudishopper.com.sa\/en\/dubai-internet-city-and-korea-national-it-industry-promotion-agency-sign-mou-to-bolster-global-technology-sector\/","title":{"rendered":"Dubai Internet City and Korea National IT Industry Promotion Agency Sign MoU to Bolster Global Technology Sector"},"content":{"rendered":"\n<ul class=\"wp-block-list\">\n<li>MoU to enhance collaboration and facilitate the participation of Korean technology talent in Dubai Internet City<\/li>\n\n\n\n<li>Agreement to foster innovation and entrepreneurship in line with the goals of Dubai Economic Agenda \u2018D33\u2019<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Dubai, UAE, 20 October 2023<\/strong>: Dubai Internet City, the region\u2019s leading technology hub and part of TECOM Group PJSC, has signed a memorandum of understanding (MoU) with the National IT Industry Promotion Agency (NIPA), backed by the Government of South Korea, to foster innovation and entrepreneurship efforts that bolster the growth of the global technology sector.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A high-level Korean delegation toured the vibrant technology district on the side lines of the MoU signing. Ammar Al Malik, Executive Vice President \u2013 Commercial at TECOM Group signed the memorandum on behalf of Dubai Internet City with Sung-Wook Hur, President of NIPA.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The UAE and Korea are key trading partners with bilateral non-oil trade totalling $3 billion during the first half of 2023. The UAE is Korea\u2019s second-largest Arab trade partner and recently concluded talks with Korea for a Comprehensive Economic Partnership Agreement (CEPA) deal. In January 2023, the UAE also announced plans to invest $30 billion in various South Korean sectors and industries to expand economic cooperation over the next few years.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2023\/10\/SK-x-DIC-MoU_ssict_1200_800.webp\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2023\/10\/SK-x-DIC-MoU_ssict_1200_800-1024x683.webp\" alt=\"SK x DIC MoU_ssict_1200_800\" class=\"wp-image-44573\" srcset=\"https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2023\/10\/SK-x-DIC-MoU_ssict_1200_800-1024x683.webp 1024w, https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2023\/10\/SK-x-DIC-MoU_ssict_1200_800-300x200.webp 300w, https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2023\/10\/SK-x-DIC-MoU_ssict_1200_800-768x512.webp 768w, https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2023\/10\/SK-x-DIC-MoU_ssict_1200_800-1080x720.webp 1080w, https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2023\/10\/SK-x-DIC-MoU_ssict_1200_800.webp 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Under the terms of the MoU, NIPA will provide industry data and insights that enhance collaboration and facilitate the participation of Korean technology companies and professionals in Dubai Internet City\u2019s ecosystem.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Commenting on the partnership&nbsp;<strong>on behalf of Dubai Internet City, Ammar Al Malik, Executive Vice President \u2013 Commercial at TECOM Group<\/strong>, said: \u201cWe are delighted to embark on this strategic memorandum with NIPA that marks a significant step towards fostering innovation, supporting entrepreneurship, and strengthening the global technology landscape. The agreement underscores our ecosystem\u2019s alignment with the goals of Dubai Economic Agenda \u2018D33\u2019 to enable globally impactful innovation from Dubai. The strengths and resources offered by Dubai Internet City and TECOM Group will undoubtedly create lasting impact and drive growth for Korean technology companies not just in Dubai or the region, but around the world.&#8221;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The MoU with NIPA underscores Dubai Internet City\u2019s commitment to advancing technology, innovation, and entrepreneurship through joint initiatives that have a positive impact on the global scale. The agreement was signed at GITEX Global 2023, the world\u2019s largest technology event that Dubai Internet City is&nbsp;<a href=\"https:\/\/dic.ae\/media\/press-releases\/dubai-internet-city-returns-to-gitex-global-2023-to-foster-collaborative-innovation\">Innovation Partner<\/a>&nbsp;for, which runs until 20 October at Dubai World Trade Centre.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Dubai Internet City is the region\u2019s largest tech hub and has led Dubai\u2019s digital transformation strategy for over two decades, serving as a platform for global tech brands, start-ups, and innovators to work, connect, and innovate. The district is home to more than 3,000 customers, including Fortune 500s and SMEs such as Google, 3M, Microsoft, and Careem, in addition to over 29,000 professionals and entrepreneurs.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2023\/10\/SK-x-DIC-MoU-2_ssict_1200_800.webp\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2023\/10\/SK-x-DIC-MoU-2_ssict_1200_800-1024x683.webp\" alt=\"SK x DIC MoU 2_ssict_1200_800\" class=\"wp-image-44572\" srcset=\"https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2023\/10\/SK-x-DIC-MoU-2_ssict_1200_800-1024x683.webp 1024w, https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2023\/10\/SK-x-DIC-MoU-2_ssict_1200_800-300x200.webp 300w, https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2023\/10\/SK-x-DIC-MoU-2_ssict_1200_800-768x512.webp 768w, https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2023\/10\/SK-x-DIC-MoU-2_ssict_1200_800-1080x720.webp 1080w, https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2023\/10\/SK-x-DIC-MoU-2_ssict_1200_800.webp 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Dubai Internet City is part of TECOM Group\u2019s portfolio of business districts that includes Dubai Design District (d3), Dubai Science Park, Dubai Media City, Dubai Studio City, Dubai Production City, Dubai Knowledge Park, Dubai International Academic City, and Dubai Industrial City.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dubai, UAE, 20 October 2023: Dubai Internet City, the region\u2019s leading technology hub and part of TECOM Group PJSC, has signed a memorandum of understanding (MoU) with the National IT Industry Promotion Agency (NIPA), backed by the Government of South Korea, to foster innovation and entrepreneurship efforts that bolster the growth of the global technology [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":44571,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_meta-robots-noindex":"","_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","_pr_autopilot_social_copy":"","_yoast_wpseo_opengraph_title":"","_yoast_wpseo_opengraph_description":"","_yoast_wpseo_opengraph_image":"","_yoast_wpseo_opengraph_image_id":0,"_yoast_wpseo_twitter_title":"","_yoast_wpseo_twitter_description":"","_yoast_wpseo_twitter_image":"","_yoast_wpseo_twitter_image_id":0,"_yoast_wpseo_primary_category":19,"_extra_hide_author_box":"","_extra_featured_post":"","_partner_post_id":0,"footnotes":""},"categories":[24],"tags":[],"class_list":["post-44570","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","et-has-post-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized 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