Dubai<\/a> is embarking on its journey with 40% of MENA’s scaleups already\u00a0based in the emirate.<\/p>\nTo help nurture the growth of tomorrow’s giants in the GCC region,\u00a0Harrison Lung, Group Chief Strategy Officer of e&\u00a0was joined by\u00a0Tanuja Randery, Managing Director, Europe, Middle East and Africa of Amazon Web Services (AWS)\u00a0in an insightful session that focused on the importance of collaboration.<\/p>\n
Harrison Lung explained the importance of joining hands to forge stronger alliances. He said: “For us, it’s more about a transformation towards a global technology company. In the areas of partnering, the idea is to develop a win-win proposition and solving the needs of customers.”<\/p>\n
With the region growing rapidly, Tanuja Randery said there is no better time than now for companies to enter the market and agrees collaboration is crucial. She said: “This region is so attractive in terms of the growth potential. I read a stat that showed that almost 70 per cent of businesses in the Middle East want to move most of their operations to the Cloud in two years’ time and this could unlock USD $733 billion of economic value by 2033. To make Cloud make accessible, we need partners and alliances.”<\/p>\n
Driving investments for startups<\/p>\n
Funding is a key pillar to drive growth \u2013 both in the long and short-term but can be often challenging.\u00a0Steven Hoffman, Venture Investor, Author; and Chairman & CEO of Founders Space, gave key advice on how startups should adopt a vertical growth strategy for the future.<\/p>\n
He said: “There is a lot of money going into AI but most of that is going into a handful of companies which are dominating the market and this is impacting the growth of startups. As such, a lot of money is now going into vertical AI where the specialist area is only on one focus such as healthcare or hospitality and this is centred around this business model and adding AI on top of this.”<\/p>\n
In another session,\u00a0Kai Zenner, Head of Office & Digital Policy Advisor of EU Parliament\u00a0and\u00a0Dr. Agostino Ghiglia, Board Member of the Italian Data Protection Authority\u00a0took part in a broader discussion on the AI EU Act and its global implications for the next generation of AI-driven unicorns.<\/p>\n
Taking place at Dubai World Trade Centre (DWTC) until 18 October, GITEX GLOBAL presents its biggest, most international edition in its 44th\u00a0year, welcoming over 6,500 exhibitors, 1,800 startups, 1,200 investors alongside governments from more than 180 countries.<\/p>\n
GITEX GLOBAL is seamlessly connecting the world’s largest network of tech events. Today, major events such as GITEX EUROPE Berlin, GITEX ASIA Singapore, GITEX AFRICA Morocco, and GITEX NIGERIA are under its umbrella with all fostering collaboration and driving innovation to shape the tech landscape of tomorrow.<\/p>\n","protected":false},"excerpt":{"rendered":"
The all-new\u00a0GITEX Editions\u00a0got underway on the opening day of\u00a0GITEX GLOBAL\u00a0as discussions focused on accelerating the growth of global late-stage advanced tech companies. The latest addition to the packed schedule comes at a vital time\u00a0where statistics\u00a0showed there were more than 1,000 unicorns around the world in 2023. This week’s showcase will help support the next development […]<\/p>\n","protected":false},"author":1,"featured_media":75624,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[4],"tags":[],"class_list":["post-75623","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts\/75623","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/comments?post=75623"}],"version-history":[{"count":4,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts\/75623\/revisions"}],"predecessor-version":[{"id":75628,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts\/75623\/revisions\/75628"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/media\/75624"}],"wp:attachment":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/media?parent=75623"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/categories?post=75623"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/tags?post=75623"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}