UAE surpasses Germany and Hong Kong as top tech destination
The United Arab Emirates has surpassed traditional favourites like Germany and Hong Kong, when the tech professionals were surveyed for a willingness to relocate. A recent survey by Capital.com reveals that 81 percent of Asian tech experts see UAE as an increasingly important tech destination.
The survey, conducted across countries like Singapore, Hong Kong, Vietnam and India, finds that the Middle Eastern country has substantially improved as a preferred destination for tech talent. It finds that about 45 percent of respondents are willing to relocate to the UAE.
This competes closely with 46 percent of respondents looking to relocate to Singapore, while the UK interests 57 percent of the surveyed professionals.
This establishes the Middle Eastern country as a prime location for tech professionals, competing closely with traditional tech hubs like the UK and Singapore.
Tarik Chebib, the CEO of Capital.com, Middle East, said about the findings, “With 8 in 10 respondents from our recent survey recognizing the UAE as a competitive tech hub, it’s clear that the region is gaining momentum as a favorable destination for tech talent.
“Asia’s tech professionals have traditionally gravitated to cities in the UK, the US, and Singapore to further their careers, so it’s encouraging to see the UAE stand shoulder-to-shoulder with this cohort and get the recognition it deserves as an attractive location to live and work.”
Government’s role
The important role of the government in improving UAE’s tech industry profile was also highlighted by the survey. About 93 percent of respondents reiterated that the UAE’s governments’ focus to improve the country’s tech ecosystem played a key role for such a change.
A number of key aspects solidifying UAE’s position as a desirable relocation choice for the tech talent include advanced banking systems, visa provisions, and high-quality healthcare.
The survey finds that 47 percent of the surveyed professionals are actively seeking relocation. The UAE could potentially continue to improve its trajectory as a leading tech destination if it continues to retain international talent and positively harness this growing interest.
