Mohammed bin Rashid meets founder of company sold for AED3.3 bn

DUBAI, 10th September 2019 (WAM)

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, a Media.net based in Dubai Internet City, was sold for over AED 3.3 billion.

Sheikh Mohammed bin Rashid Al Maktoum 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 AED11-billion acquisition of the Dubai-based Careem by Uber and Souq.com that was earlier acquired by Amazon for over AED 2 billion. Sheikh Mohammed bin Rashid Al Maktoum reaffirmed that Dubai will remain an incubator for talent and an ideal hub for tech entrepreneurs