UAE: Bayut, Dubizzle Merge to Create $1 Billion Unicorn Company

UAE: Bayut, Dubizzle Merge to Create $1 Billion Unicorn Company

The merger is the latest in a series of entrepreneurial successes that reinforce Dubai's reputation as a global hub for talent, enterprise, investment and innovation.. Dubai Internet City, part of the Tecom Group, which recently completed two decades since its establishment as a dedicated technology community embodying the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, provides extraordinary competitive advantages for technology companies.. Fast forward 20 years, the Group has ten thriving sector-focused business communities in Dubai including Dubai Media City, Dubai Knowledge Park, Dubai Studio City, Dubai Outsource City, Dubai Production City, Dubai International Academic City, Dubai Science Park, Dubai Industrial City and Dubai Design District (d3).. Dubai was recently ranked among the world's best cities for entrepreneurs moving abroad to start a business, according to a study conducted by Movinga.. Dubai has also been consistently ranked the most innovative city in the region and the highest-ranked city for deployment of smart city apps..