Digital economy: UAE joins hands with big tech firms; to set up 1000 new companies

Digital economy: UAE joins hands with big tech firms; to set up 1000 new companies

The UAE's National Program for Coders is its latest initiative towards revving up a digital economy. As part of the program, the Emirates has tied up with tech giants, will set up 1,000 tech companies in five years and raise start up investments up to AED4 billion ($1.09 billion). Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, tweeted on Saturday evening: "Today we launched the National Program for Coders in collaboration with Google, Microsoft, Amazon, Cisco, IBM, HPE, LinkedIn, Nvidia and Facebook, with the aim of training and attracting 100,000 coders, establishing 1000 digital companies within 5 years and increasing investment in startups from AED1.5 billion ($410 million) to AED4 billion ($1.09 billion)." The national program also contributes to providing the opportunity for entrepreneurs, project owners and startups specialized in programming to support the digital transformation process in various key sectors. "Our youth need to know that the future has new tools.. speaks a different language.. and adopts online work methodologies. We want them to be at the heart of this future. The National Program for Coders aims to engage the local digital communities in the digital transformation of the