Dubai Ideas Oasis and Accenture form regional hub for business development

Published April 16th, 2001 - 02:00 GMT

Accenture, a leading management and technology consultancy firm, along with the Dubai Ideas Oasis (DIO) announced late last week its intention of creating a regional hub to help companies succeed in the New Economy. The new alliance will combine DIO’s local experience and relationships in the UAE’s business community, with Accenture’s international strength in business consulting, alliances and venture capital.  

 

Based in the Dubai’s Technology, eCommerce and Media Free Zone, the DIO is intended for entrepreneurs, incubators and venture capitalists. The alliance’s mission is to aid companies successfully compete and execute business strategies in the new evolving economy. As part of the collaboration, Accenture is initially placing up to four consultants in DIO to support start-ups and entrepreneurs wishing to create new Internet businesses. Their role will be to assist clients in areas such as revenue growth, logistics and growth management. 

 

“The Dubai Ideas Oasis was created to stimulate new businesses in the Emirates and ultimately the whole region,” said Mohammed Al Gergawi, director general of the Dubai Technology, Electronic Commerce and Free Zone Authority and chairman of the Dubai Ideas Oasis. “The dramatic shifts we have seen in the new economy in the last year have provided us with an understanding of how to identify successful business models,” he added, “We hope to use this expertise with clients in the dynamic Middle East business environment. Our collaboration with the Dubai Ideas Oasis should provide a valuable resource for entrepreneurs in the Middle East that wish to make their businesses competitive globally.”  

 

Dubai Ideas Oasis is comprised of entrepreneurs, incubators, venture capitalists and other enabling organizations that aim at creating an environment in which New Economy start-ups can succeed and build significant competitive advantages. 

 

Accenture is a $10.3 billion capitalized global management and technology consultancy firm. It employs more than 70,000 people in 46 countries forming specialized business solutions in a wide range of industries. Under its strategy, the firm is building a network of businesses to meet client needs in areas such as consulting, technology, outsourcing, alliances and venture capital. — (Albawaba-MEBG) 

© 2001 Mena Report (www.menareport.com)

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