There are 36 Companies in the United Arab Emirates
that provide Due Diligence Services!

The United Arab Emirates' IT infrastructure has known colossal progress since 2010, and the country is expected to become one of the leading tech giants in the world by 2025. Only in 2025, the revenue of the IT Services market in the UAE is predicted to reach $3.7 billion. The United Arab Emirates (UAE) has set a bold vision to become a leader in Artificial Intelligence (AI) by 2031, to enhance its technical development. Additionally, the UAE aspires to become a leader in tech advancements with tech cities like Dubai, Abu Dhabi, Sharjah, Al Ain, and Ajman. 

The hourly rate and the average salary of a UAE-based web developer reach $16.71 K/year and $8.03/hour. This makes the UAE one of the most expensive places for IT projects and a good destination for web professionals.  However, due to immigration policies, becoming a resident of the UAE is more a dream than a reality, and few manage to become one. On the other hand, this allows the country to provide IT services and products created and developed almost exclusively by its own human resources. 

Why You Should Work With UAE-based IT Companies

IT companies from the UAE have developed their ability to attract more clients from all over the world by adapting to market trends and adopting new technologies.  Actionable insight into customer needs, productivity gains, and increased security are just some of the benefits gained from the early adoption of high-end technology and a developed IT infrastructure. 

What You Should Be Aware of When Working With a UAE-based IT Company

As it was mentioned in the beginning, the UAE is one of the most expensive destinations for web projects. Even though the quality of the IT product and/or services is high-end, the hourly rate and cost per project are reasons to give second thoughts about whether it is worth working with UAE-based IT companies. 

Additionally, the limited capacities of the companies based in the UAE are another key point to pay attention to. Since web agencies in the UAE mainly rely on their own human resources, it is possible to experience relatively average project management. 

Are UAE-based IT companies Reliable?

Regionally and globally, the Emirates have a good reputation in executing and managing IT projects, and the adopted government policies in 2018, available to this day, increased process transparency and made the companies open to new opportunities. With the high-end technology companies acquired, companies from the UAE are considered a good option for futuristic web projects, based on a report by the British Center for Business.

How the UAE IT Industry Relates to the Neighboring Countries

With 2 extremely important business centers: Dubai & Abu Dhabi, the Emirates found themselves in a good position compared to neighboring countries in terms of IT infrastructure. Based on a report from Tech Radar, the UAE has invested twice as much as any country in the region in the IT infrastructure and has become a leading provider of IT services, with Qatar, Saudi Arabia & Oman behind, in the named order. 

Overall, the UAE is considered one of the most promising countries that will bring the IT culture in the Arabian Peninsula to another level and stimulate neighboring countries to develop and compete. Considering the risks of the oil market and IT, the UAE chose the second as a good investment opportunity and alternative to the first one.

Due diligence services are like thorough investigations that help businesses make informed decisions. They assess risks and opportunities when entering into partnerships, acquisitions, or other critical business transactions.

Many IT companies offer due diligence services, specializing in analyzing technology, data security, and compliance aspects of potential business ventures. Notable IT companies providing due diligence services include Deloitte, KPMG, and Ernst & Young (EY).

Due diligence service providers use a combination of tools and technologies to assess various aspects of a business. These may include data analytics platforms, cybersecurity tools, compliance management software, and financial modeling software. They also leverage document management systems and communication tools for efficient collaboration during due diligence processes.

Due diligence and audit services share similarities in their examination of the financial and operational aspects of a business. However, they differ in scope and purpose. Due diligence is typically conducted before entering into a business transaction to evaluate the potential risks and rewards. In contrast, audit services are often part of ongoing financial reporting and compliance requirements within a business.

Due diligence services are closely related to other advisory and consulting services, including:

• Financial Advisory: Providing financial insights and recommendations.

• Cybersecurity Assessment: Evaluating a company's cybersecurity posture.

• Mergers and Acquisitions (M&A) Consulting: Assisting in the strategic aspects of M&A transactions.

• Compliance Consulting: Ensuring adherence to industry regulations and standards.

Selecting the best IT company for due diligence services requires evaluating their expertise, industry knowledge, track record, and the comprehensiveness of their due diligence process. Seek providers who can tailor their services to your specific industry and transaction type.

Due diligence service providers are essential for various projects, including:

• Mergers and Acquisitions: Evaluating the financial health and potential risks of target companies.

• Investment Assessments: Analyzing potential investments in startups or new ventures.

• Partnership Agreements: Assessing the suitability and risks of partnering with another organization.

• Regulatory Compliance: Ensuring adherence to data protection and industry-specific regulations.

Conducting due diligence is essential for businesses of all sizes and industries. Some examples include private equity firms, which need to assess potential investments and portfolio companies; startups, which must evaluate the feasibility and risks of new business ventures; large corporations, which conduct due diligence on acquisitions and strategic partnerships; and financial institutions, who ensure compliance and risk management in lending and investments.

The cost of due diligence services can vary significantly based on the scope and complexity of the project. Factors such as the size of the target company, industry regulations, and the depth of analysis required influence the price. In the US, costs can range from a few thousand dollars to millions for complex M&A transactions. UK and Australian costs can be similar but may also vary depending on regional factors and the specific nature of the project. It's advisable to obtain quotes and assess the value provided by service providers before proceeding with due diligence.