UAE Business: Dubai Urban Tech District to create innovation hub – Gulf Digital News

UAE Business: Dubai Urban Tech District to create innovation hub – Gulf Digital News

Dubai-based URB has unveiled the new Dubai Urban Tech District, which will become home for the most innovative entrepreneurs; a living laboratory where innovation in urban technology thrives.

Located on the Creekside of Al Jaddaf area in Dubai, the Urban Tech District will create 4,000 jobs in green urban tech, education and training. It will have 140,000 sq m total built up area, creating world's largest urban tech hub, said a statement.

It will also be home to venture capitals to provide the fuel for entrepreneurs, thus empowering a unique collaborative urban tech eco system, said a statement.

Urban Tech will be at the core of all future cities. The global urban tech market is estimated to be $158 billion, which is expected to grow rapidly in the next decade. Tech-enabled urban developments seek to provide solutions to the challenges created by urbanisation in various areas such as zero-mile food production, food security, affordable and scalable renewable energy, low energy demand water harvesting, zero-waste management, and waste to energy solutions. These are just some of the many challenges our cities our facing.

Baharash Bagherian CEO of URB, the company behind the Urban Tech District, said: “Dubai is best positioned to lead the Urban Tech