TEHRAN – Iranian knowledge-based companies will participate in the Gulf Information Technology Exhibition (GITEX) being held in Dubai from October 16 to 20.

The Innovation and Prosperity Fund supports the Iranian delegation.

GITEX is one of the largest and most prominent technology events in West Asia, North Africa, and South Asia (MENASA) region.

It serves as a platform for showcasing the latest innovations and trends in the field of information technology and telecommunications. 

GITEX has been held annually since its inception in 1981. The event typically takes place over the course of several days and attracts participants from around the world.

This year's exhibition hosts more than six thousand companies from 170 countries. 

GITEX Global 2023 displays the latest achievements of companies in the fields of artificial intelligence (Al), smart city, cloud and big data technologies, cyber security, blockchain, metaverse, fintech, telecom technologies, and other fields of information technology. 

Iranian knowledge-based companies will set up two pavilions in the exhibition. The first will be set up in the Future Urbanism exhibition, hosting 16 knowledge-based companies that will display their capabilities and achievements in the field of information technology.

Also, the North Star exhibition, formerly known as "GITEX Future Stars", brings together the world's leading founders, venture capitalists, and technology leaders of the world and displays the capabilities of startups from all over the world. North Star provides a good opportunity for startups to attract investment.

The second pavilion of Iranian knowledge-based companies will be set up in the Expand North Star exhibition. In this start-up business exhibition, 20 knowledge-based companies will showcase their capabilities and achievements in the field of information technology to visitors.

*****Knowledge-based companies

The total number of knowledge-based companies in the country reached 8,368 companies in the past Iranian calendar year (ended March 20), showing a 90 percent growth year on year.

"Biotechnology, agriculture, and food industries", "high-tech pharmaceuticals and products for diagnosis and treatment", "advanced materials and products based on chemical technologies", "advanced machinery and equipment", "devices, and medical equipment ", "electricity and electronics", telecommunication", "information technology and computer software", are the fields of activity of the country's knowledge-based companies.

In line with the law enforced on May 24, 2022, knowledge-based production is a priority of the government so the plan for promoting knowledge-based products has progressed well so far.

Leader of the Islamic Revolution Ayatollah Ali Khamenei has emphasized the importance of boosting domestic production, saying the reason he placed so much emphasis on production was “because it boosts economic growth, it creates employment, it reduces inflation, it increases per capita income and it improves public welfare.”

To this end, the Vice Presidency for Science and Technology has executed and supported several projects toward the goal of boosting knowledge-based production.

Exporting technological products of Iranian knowledge-based companies is one of the important and key programs of the Vice Presidency for Science and Technology, and in this regard over the past years, with the support of the Vice Presidency for Science and Technology, the Iranian houses of innovation have been set up in several countries to develop the global market for knowledge-based products.

These centers have already been set up in countries such as Russia, Turkey, China, Syria, Kenya, Armenia, Iraq, and Uzbekistan.

The centers are mainly formed with the investment and support of the private sector to provide the necessary infrastructure for their exports through innovation houses.

By supporting innovative ideas, and holding technological and innovative events, the centers will be a platform for the development and promotion of Iranian knowledge-based companies, startups, and creative industries.

In February, President Ebrahim Raisi said science and technology are the cornerstones of national development.

The chain of knowledge, research, innovation, and technology ensures sustainable development in the country, he added.

MT/MG