From the last few years, Pakistan and UAE share a very strong bond when it comes to IT development. Now both the countries are expanding the knots and further exceeding their links specially in the IT startup space.
While talking about the trade volume between both countries, H.E. Hamad Buamim heads the Dubai Chamber of Commerce and Industry – a non-profit public organisation revealed that both the countries collectively hit more than $8 billion trade volume in 2019. With this UAE became the biggest trade partner of Pakistan in the middle East and Northern Africa region.
Pakistan & UAE Expanding Links in IT Startup Space
Since the companies from Pakistan specially from sectors such as real estate, finance, industrial machinery, automobiles, education, media, and technology are operating in Dubai, the business community of the country is well aware of them.
It was also revealed that more than 15,000 Pakistani companies are registered with the Dubai Chamber. However a lot more needs to be done. Keeping in view the current circumstances, Dubai ecosystem can play a pivotal in expanding economic cooperation between UAE and Pakistan. Dubai is looking for expanding and transforming itself into global innovation hub and for this it is looking for entrepreneurs from globe and in return startups also get investment boosts.
These startups who are looking for funding in Dubai have endless options from traditional banks and venture capital firms, to business incubators,...
Read Full Story: https://www.phoneworld.com.pk/pakistan-uae-expanding-links-in-it-startup-space/
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