Orange Subsidiary Opens Middle East Innovation Hub

Center, Sheikh Ahmed bin Saeed Al Maktoum, president of the Dubai Civil Aviation Authority, CEO and chairman of the Emirates Group, chairman of Dubai World, and Noor Takaful insurance company, during the Orange Business Services, the France Telecom-Orange branch dedicated to B2B services, opening is Middle East innovation hub and regional headquarters at Dubai Silicon Oasis, Dubai. Photo: Antonin Kélian Kallouche/Gulf News Dubai. Photo: Antonin Kélian Kallouche/Gulf News

Dubai

Orange Business Services, the France Telecom-Orange branch dedicated to business-to-business services, opened its Middle East innovation hub and regional headquarters at Dubai Silicon Oasis.

The hub was inaugurated by Shaikh Ahmad Bin Saeed Al Maktoum, chairman of Dubai Silicon Oasis Authority (DSOA).

“Dubai is one of the world’s most ambitious smart cities and we chose DSO as our regional hub because of its commitment to innovation and the strength of its business and startup ecosystem. Our global innovation ecosystem now extends from Silicon Valley to Dubai Silicon Oasis, from where we will support the work of our dedicated smart cities teams across the region,” Thierry Bonhomme, CEO of Orange Business Services, said in a statement.

Orange is one of the six partners and co-sponsors of the Dubai Smart City Accelerator (DSCA), which was launched by Dubai Silicon Oasis Authority in 2017 and operated by startupbootcamp - the network of industry-focused startup accelerators - that fuels startups with mentorship, product modelling, and preparation for go to market.

Mohammed Al Zarooni, Vice-Chairman and Chief Executive Officer of Dubai Silicon Oasis Authority, said that Orange counts as the newest addition to more than 74 French businesses that operate out of the hub.

The bilateral relations between the UAE and France, where in 2016 trade between the two has exceeded $5.6 billion. The UAE’s investments in France account for 35 per cent of the total investments from the region.

The new regional hub includes a solutions showroom, presenting, and demonstrating smart solutions portfolio and capabilities, designed to stimulate further innovative ideas and collaborative business opportunities. “Dubai provides the ideal base and context for our rapidly growing business in the Middle East, where we have worked for the last five decades supporting the growth and transformation of business in the region,” Bonhomme said.

RECENT NEWS

BNY Mellon Lands A Big Ally For Expansion In Saudi Arabia

NCB Capital is the kingdom's biggest asset manager and investment bank Read more

Coronavirus, Low Oil Prices Set To Speed Up Gulf Bank Mergers

Moody's Investors Service says financial concerns in the region will play a larger role in encouraging deals Read more

Abu Dhabi Fund Buys $750m Stake In Retail Arm Of Indian Giant Reliance

Subsidiary of the Abu Dhabi Investment Authority will buy a 1.2% stake in Reliance Retail Ventures Read more

How The Lebanese Private Sector Is Coping In The Eye Of A Storm

Businesses extremely pessimistic about future as layoffs continue and wages plummet Read more

Lebanese Pound: The Most Undervalued Currency In The World

As political and economy chaos ensues, leading analyst says exchange rate needs sorting 'as soon as possible' Read more

How Coronavirus Is Changing Banking For The Better

Redefining finance for good: Virtual CXO Forum to take place on October 7 Read more