Dubai Internet City

Dubai Internet City (DIC) (Arabic: مدينة دبي للإنترنت) is an information technology park created by the government of Dubai as a free economic zone and a strategic base for companies targeting regional emerging markets. The economic rules of DIC allow companies to avail themselves of a number of ownership, taxation and customs related benefits which are guaranteed by law for a period of 50 years[citation needed]. One model of operation includes 100% foreign ownership, similar to those prevailing in other designated economic zones in the United Arab Emirates[citation needed]. These freedoms have led many global information technology firms, such as Facebook, LinkedIn, Google, Dell, Intel, Huawei, Samsung, SAP, Microsoft, IBM, Oracle Corporation, Tata Consultancy, 3M, Sun Microsystems, Cisco, HP, Nokia, Cognizant and Accenture, as well as UAE based companies such as Ducont, to move their regional base to the DIC. DIC is located adjacent to other industrial clusters such as Dubai Media City and Dubai Knowledge Village. DIC presently has over one and half million square feet of prime commercial office space, in which over 1400 companies with over 10,000 workers are based[citation needed]. There are 25 low, mid, and high-rise office structures in the area.