A company specialized in the Internet of Things. Listed in New York and Hong Kong
Dubai International Chamber successfully attracts Toya Smart International
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Dubai International Chamber, one of the three chambers under the umbrella of Dubai Chambers, has successfully attracted Tuya Smart, a global leader in the development of artificial intelligence and Internet of Things (IoT) platforms, to do business in the emirate.
Toya Smart
According to a statement, TOYA Smart is listed on the New York and Hong Kong stock exchanges (under the symbols TUYA and 2391 respectively), reflecting its position as a global leader in the field of "Internet of Things".
The company has unique value advantages that combine cloud computing with connectivity technologies and digital applications, to enable brands, retailers and OEMs to develop smart products in an easy and affordable way.
In line with the UAE Energy Strategy 2050, Toya Smart will focus its focus in the Middle East on using IoT technology to raise ESG standards in the region. The company will also dedicate its expertise in the Internet of Things to help businesses and consumers adopt more sustainable and environmentally responsible practices.
The Dubai International Chamber's statement stressed that Toya Smart's decision to conduct its activities in Dubai is a tangible evidence of the Chamber's efforts to attract multinational companies that create economic value for Dubai and support the emirate's sustainability agenda, especially with the UAE about to host the Conference of the Parties (COP28) to be held at Expo City Dubai this year.
Company Portfolio
Toya Smart has a well-known reputation in the global IoT market, with a portfolio of more than 708,200 registered developers from more than 8400 countries and regions, serving more than <>,<> customers.
The company also partners with several major brands such as Amazon, Google, and Schneider Electric to provide innovative IoT solutions to customers and businesses around the world.
Added Value
Mohammed Ali Rashid Lootah, Director General of Dubai Chambers, said that attracting international companies is part of Dubai Chambers' strategic priorities, which are in line with the Dubai Economic Agenda (D33) to consolidate the emirate's position among the top three economic cities in the world.
He stressed that Dubai is the ideal destination for companies wishing to expand globally, due to its unprecedented competitive elements and advantages, most notably an advanced logistical and digital infrastructure, modern and flexible legal and regulatory legislation, exceptional investment opportunities, in addition to a pioneering strategic partnership between the public and private sectors.
Lootah continued: "At Dubai International Chamber, we are committed to promoting Dubai as a global business destination and focusing on attracting foreign direct investment, including multinational companies, which are key to driving the growth of the economy and providing added value that enhances the competitiveness of the business community. As Dubai's steady march towards the future continues, we expect increased FDI inflows to the emirate and more multinationals opting to move to Dubai."
Sustainability & Innovation
Alex Yang, Co-Founder and COO of Toya Smart, said: "We are excited to bring Toya Smart's latest technologies and solutions to the Middle East and appreciate the support of the Director General of Dubai Chambers and Dubai International Chamber to support our journey in this journey."
"As a company committed to sustainability and innovation, we are keen to collaborate with Dubai International Chamber to help businesses and consumers in the region build a more sustainable future."