Mohammed meets man who created Dh3.3bn firm

By Eudore R. Chand

DUBAI 11 September 2019: His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of UAE and Ruler of Dubai, met Founder and CEO Divyank Turakhia whose ad-tech company, based in Dubai Internet City, was sold for over Dh3.3 billion.

Sheikh Mohammed said, “Dubai has become the ‘Silicon Valley’ of the Middle East.” He added, “We are witnessing the prominent role of Dubai Internet City in creating new economies and nurturing global entrepreneurs.”

Dubai has witnessed similar multi-billion tech deals including the Dh11-billion acquisition of the Dubai-based Careem by Uber and that was earlier acquired by Amazon for over Dh2 billion.

Sheikh Mohammed reaffirmed that Dubai will remain an incubator for talent and an ideal hub for tech entrepreneurs.

Dubai Gazette