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GCC undergoing technology boom; women feel left out

technology

GCC undergoing technology boom; women feel left out

Technology is one of the world’s fastest expanding businesses, and the Arab Gulf is widely seen as one of its worldwide hubs. Dubai, called the “tech metropolis of the Arab world,” is at the epicenter of the region’s innovation landscape.

The UAE’s commercial capital grew throughout the COVID-19 epidemic, possibly due to its choice to leave its borders open while the rest of the globe went into long-term lockdowns.

However, this continuous expansion is also due to the increasing number of technology companies lured to the UAE, Dubai’s allure to entrepreneurs, and its ability to entice international venture capital firms.

According to Dubai-based research platform Wamda, investments in Middle Eastern tech firms, excluding those in Israel, quadrupled to $2.87 billion last year — with roughly half of that capital flowing into the UAE.

Dubai is now home to several tech startups worth at least $1 billion — known in the business community as “unicorns” for their statistical rarity.

These include Vista Global, a private aviation platform; Kitopi, a cloud kitchen platform; and Emerging Markets Property Group, which manages classified listing websites in Egypt, the UAE, and elsewhere.

Yet, despite the burgeoning success of tech startups in the Middle East, Arab women remain poorly represented in the industry.

Despite female involvement in the Emirates Mars Mission, which successfully placed a probe in orbit around the red planet in February 2021, “the lack of presence in this region of women in tech is very visible,” Dr. Nour E. Raouafi, a project scientist with NASA’s Parker Solar Probe Mission, told the media.

“If you look at some domains, like space where I am working, the participation of women is not at the level where it should be,” Raouafi added, speaking ahead of his appearance on a panel at the Arab Women Forum, which took place in Dubai on May 17.

According to Endeavor Insight, Saudi Arabia and the US boast a similar participation rate among women in the science, technology, engineering, and mathematics fields, known as STEM, at 28 percent. This is higher than the UK, which has a rate of just 22 percent.

Nevertheless, experts believe there is far more work to be done to encourage more women to pursue degrees and careers in STEM fields, both in the Arab world and globally.

“We should be striving toward equality at all levels — from management downward — and the best way to do this is to start from the grassroots, from colleges and schools, and to encourage young women to work in space and other fields of tech by providing fellowships and other incentives,” said Raouafi

There are reasons for optimism. Measures designed to enhance the business environment in the Gulf and eliminate gender discrimination in the workplace are already moving things in the right direction.

“Young professionals, women, and men, are now flocking to the Middle East while working for European or US-based technology companies,” Philippe Blanchard, founder of Futurous, told the media.

“Concrete actions have been taken by the GCC leadership, in support of the IT industry, in setting up an efficient education system, as well as tackling the gender pay gap such as in the UAE, Saudi Arabia, and Bahrain.”

However, social perceptions remain an obstacle. “Technology is still considered a man’s world, but there are opportunities to change the mindset,” said Blanchard.

 

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