New SME District launched in Al Seef, Dubai
Priya Wadhwa
10X Industry

New SME District launched in Al Seef, Dubai

One of the most important elements within the startup ecosystem is exactly that, an ecosystem — it is incredibly important that the startups and facilities that come with it, such as investors, enablers, and related government entities, are located close to each other; this allows for an increase in knowledge transfer and less time wasted on transportation and other ways of long-distance communication. This may seem benign, but this is one of the reasons why Silicon Valley is the startup and venture capital capital of the world — it is all located within a certain area, which helps the startup ecosystem tremendously.

Recently, Meraas and Dubai SME, the small and medium enterprise (SME) agency of the Department of Economic Development (DED), have signed a partnership to launch the Al Seef SME District, an innovation hub within Al Seef. With this move, the company and government aim to improve the SME ecosystem by creating a central hub for innovation in fast-emerging and cutting edge sectors. Learn more about the new hub here.