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New Survey Finds UAE Emerging as a Global Tech Hub For Asian Talent

Sep 18, 2024
  1. Survey Findings
  2. Reasons for UAE's Appeal
  3. Future Perspectives

A recent survey conducted by Capital.com has shown that the United Arab Emirates (UAE) is rapidly gaining recognition as a competitive tech hub. The survey polled 1,000 respondents from Singapore, Hong Kong, Vietnam, and India, and found that 81% of Asian tech professionals view the UAE as a growing tech hub.

Survey Findings

The survey included 1,000 respondents from Singapore, Hong Kong, Vietnam, and India. Results showed that 81% of Asian tech professionals considered UAE a growing tech hub. Over 76% of respondents stated that the UAE provides a conducive environment for the tech industry. Nearly half (45%) of respondents expressed a willingness to relocate to the UAE for work, ranking higher than countries like Germany (38%) and Hong Kong (20%). The UAE competes with Singapore (46%), the UK (57%), and the US (52%) as a preferred relocation destination among tech professionals.

Reasons for UAE's Appeal

Government support is the key factor contributing to UAE’s growing reputation as a tech hub. Among those surveyed, 93% think it is crucial to have a government that supports the tech industry, highlighting the UAE’s concentrated push to develop itself as a hotspot for international tech talent. Main reasons for UAE's appeal include banking services, visa policies, special healthcare insurance packages, and real estate services for qualified tech professionals. High quality of life (60%), attractive remuneration (54%), and UAE's strategic location (52%) also contribute significantly.

Future Perspectives

According to Capital.com’s CEO for the Middle East, Tarik Chebib, “With 8 in 10 respondents recognizing the UAE as a competitive tech hub, it’s clear the region is gaining momentum as a favorable destination for tech talent. UAE stands shoulder-to-shoulder with the UK, the US, and Singapore, receiving deserved recognition as an attractive location for living and working.” At Capital.com, it is noted that 47% of respondents are actively looking for relocation opportunities, highlighting the UAE's enormous potential for attracting and retaining tech talent.

UAE continues to build its reputation as a tech hub through government support, favorable business conditions, and investments in innovation. These factors emphasize the country's drive to become a key center for international IT professionals.

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