Dubai has enabled technology start-ups to script global success stories, says Hamdan

Dubai has enabled technology start-ups to script global success stories, says Hamdan

Sheikh Hamdan, Pavel Durov hold talks in Dubai on Saturday. WAM The grand economic vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has led to the creation of thriving technology hubs like Dubai Internet City that have transformed the industry in the region and made Dubai a major global innovation and start-up hotspot, said Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Dubai Crown Prince and Chairman of The Executive Council of Dubai. Sheikh Hamdan said the emirate's vibrant entrepreneurial ecosystem has enabled a host of technology start-ups to script global success stories. From world-leading infrastructure and regulatory frameworks to availability of incubators and smart funding, Dubai provides all the elements needed for new ventures of all sizes to succeed. Sheikh Hamdan's remarks came during a meeting with Pavel Durov, Founder and CEO of Telegram , one of the world's leading cloud-based instant messaging and VoIP services. Globally headquartered in Dubai, Telegram is valued at more than $20 billion, and has more than 570 million users, out of which 100 million were acquired in January alone. He said: "Dubai's ability to provide a productive growth-oriented environment