Divyank Turakhia, the former founder & CEO of Dubai-based ad-tech Media.net met the ruler of Dubai, also the Vice President of UAE HH Sheikh Mohammed bin Rashid Maktoum. In the meeting, the ruler described Dubai as the ‘Silicon Valley of The Middle East’ for its efforts and rapid growth in terms of creating new tech entrepreneurs and startup ecosystem.
“Dubai has become the ‘Silicon Valley’ of the Middle East… We are witnessing the prominent role of Dubai Internet City in creating new economies and nurturing global entrepreneurs.”
– HH Sheikh Mohammed bin Rashid Maktoum
Turakhia is an Indian-born computer-programmer, businessman, billionaire, serial entrepreneur, and investor. His net worth is estimated at $1.76 billion. He sold Media.net in 2016 to a Chinese consortium Miteno Communication Technology for $900 million, the third-largest ever ad-tech deal.
Dubai has also witnessed similar multi-billion tech deals including the AED11 billion acquisition of the Dubai-based Careem by Uber and Amazon’s acquisition of Souq.com for more than AED2 billion.
As reported by wam.ae, Sheikh Mohammed reaffirmed that Dubai will continue to act as an incubator for talent and an ideal hub for tech entrepreneurs.
ⓘ Image source: wam.ae