Start-ups in Dubai’s In5 start-up incubator have raised Dh3 billion as part of the city’s D33 programme, which aims to scale up to 30 companies to become global unicorns in new economic sectors by 2033. Located in Dubai Internet City, In5 has nurtured over 850 enterprises since its inception in 2013. Tecom Group’s executive vice president for commercial, Ammar Al Malik, announced the success of the start-ups at the Gitex Global exhibition. Malik also highlighted the expansion of business in Internet City and Tecom Group, with an increase of over 18% in 2023. He emphasized the goal of solidifying Internet City as a talent hub for the region. As part of the D33 programme, Dubai aims to attract more sovereign wealth funds to scale up start-ups and expects increased involvement from them. Dubai Internet City also signed a strategic partnership with German Entrepreneurship GmbH to strengthen the start-up and entrepreneurship ecosystem in the UAE. In addition, Yango, a technology company, announced plans to open a global office in Dubai Internet City in the fourth quarter of 2023. The company offers a range of services including ride-hailing, last-mile delivery, and proprietary technologies for e-commerce. Adeniyi Adebayo, Yango’s chief business development officer, cited Dubai’s progressive and innovation-friendly business environment as reasons for choosing the city for global expansion.