Thursday 1 April 2021
The Dubai Airport Free Zone Authority (DAFZA) has launched a one-of-a-kind innovative startup program called Scality, which is set to attract local, regional and global tech start-ups and enable them to establish and grow their businesses in the region.
Scality offers startups the opportunity to set up and operate their businesses with flexibility and convenience in a commercially effective way. It provides a subscription-based program that covers lease and licensing fees, as well as space required for operations. Scality enables startups to pay per employee per month through a pay-as-you-grow model that enables them to scale teams flexibly and efficiently.
Dubai has always been at the forefront in introducing new and innovative customized business programs that support local, regional, and global investors to establish and grow their businesses in the region. These initiatives aim to strengthen Dubai’s position as a preferred destination for entrepreneurs and enhance its workforce by attracting innovative thinkers and talent to the city.
DAFZA has appointed a young leadership team for Scality to drive innovation and growth, in line with its commitment to providing young business leaders the opportunity to take forward new initiatives with cutting-edge ideas and approaches.
The MENA region is witnessing significant growth in the technology sector including developments in fintech, e-commerce, health tech, deep technology industries, and smart city solutions, among others. For example, e-commerce sales in Dubai are projected to jump 23% to USD 27 billion in 2022, driven by the COVID-led digital shift and changing consumer demands. Scality aims to ease access to the MENA region by creating more opportunities for startups on their entrepreneurship journey.
Startups will also be able to interact and network with Scality’s team to learn more about the program, its benefits, and how Scality can help them set up and scale their operations. Some benefits that Scality will provide include members’ access to a suite of best-in-class partnerships across key pillars such as tax, legal, talent, banking, cloud solutions, and payment gateways.