STEP 2022: Dubai Internet City is ready to play host to more of tomorrow’s unicorns

STEP 2022: Dubai Internet City is ready to play host to more of tomorrow’s unicorns

Dubai: The in 2019. The public transport linked ride-sharing portal in 2020. And now comes the travel portal of Cleartrip’s Middle East business operations. The common factor in all these? Dubai, which is where Careem, Swvl and Wego had their headquarters as they chased their dreams – of the ‘unicorn’ kind. And in two of these – Careem and Wego – Dubai Internet City was there as all the action related to the deal-making unfolded. According to the CEO of Dubai Internet City, there are still more startups seeking spots in the tech hub’s ecosystem and setting sights on the next big deal that could see another unicorn – startups with a $1 billion plus valuation – come into being. One thing that Ammar Al Malik strongly refutes is that Dubai Internet City is running out of space for new entrants. “I don’t think that’s the case, honestly. If it was, it would be a good problem to have – and resolve. “I can say that we are still welcoming companies and will find spaces for them in the Internet City landscape. That’s a promise.” These two years have been exceptional for the UAE and the Gulf startup space –