UAE is the first nation in the Middle East and fourth in the world that has upgraded to the fifth-generation cellular network, popularly known as 5G.
The United Arab Emirates has always strived to develop itself as a global hub of technology and innovation. It has been successful so far in achieving its goal as thousands of foreign investors are choosing it for business setup in Dubai.
According to the latest report, the UAE is the third-most connected country in the world after the USA and Switzerland.
The second-largest economy of the region has gained this spot in the top three “thanks to the whopping number of foreigners and immigrants living there,” the report stated. It is also third in social connectivity globally, followed by the US and China.
IT Industry in the UAE
Dubai has become one of the most coveted destinations for entrepreneurs, particularly those who are interested in setting up a business in the information technology industry.
As per the LinkedIn report, Dubai has become a leader in the IT industry, and opening a venture in this sector is a lucrative business opportunity.
The IT industry has undergone some drastic changes over the past few years and has paved out new ways of doing business that was thought to be impossible before.
The innovation and technological advancements that have introduced AI and Robotics have truly uplifted the IT sector.
The 5G Revolution
The UAE upgrading itself to the 5G before the Dubai Expo 2020 is a remarkable step taken by its government.
As the Expo is touted to attract 25 million visitors, this scale-up in connectivity is bound to impress and hence attract the international investors to form a company in Dubai.
A 5G network has a network speed of 1.2 gigabits per second. Over time, this speed is said to increase and reach 10 Gbps, which is 100 times faster than 4G!
Etisalat – Dubai’s top telecom operator– became the first in the region who announce the availability of 5G for its customers. Allowing its users to enjoy the blazing speed that this innovation entails.
Since Etisalat is UAE’s preferred service provider, therefore it can allow the businesses in the country to carry out their activities with ease.
The government has planned to set up 1,000 5G towers by the end of 2019, to make the region the most advanced in IT infrastructure around the world.
The Impact and Business Opportunities
As mentioned earlier, this upgrade will prove to be beneficial for investors who are planning to establish a business setup in Dubai.
The telecommunication sector will be boosted by shifting from 4G to 5G. This will provide entrepreneurs with various business opportunities for investment in Dubai’s business ground.
The options provided by the IT and Telecommunication sectors are endless. Some of the possibilities that can turn in huge profits and thus should be considered as a possible business idea are listed below:
- Artificial Intelligence
- Videos and Animation
- Cloud Computing
- Autonomous Transport
- 3D Printing
- Virtual Reality Gaming
- Wearable Technologies etc.
If you are preparing to start a business in Dubai in any of the industries, as mentioned earlier, you can go right ahead. These sectors are at their prime at the moment and are almost guaranteed to be a success.
However, forming a company on your own can prove to be a difficult task. It is better if you have a guide by your side that can help you during this crucial time.
The business setup process requires complicated business and legal procedures that could be burdensome to handle all alone.
Business Formation Dubai is a premier business setup consultancy in Dubai, and we are here to help you.
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