Technology company Devexperts said on Thursday that it plans on opening a new office in Dubai next year.
The company already has a presence in Portugal, Ireland, Bulgaria, Singapore, the UK, USA, and Germany.
In a statement, the company said the decision to open a new office in Dubai was in response to growing local demand for its products and services.
As reported on TradeInformer previously, Dubai is arguably the new hub for the online trading industry, with a large number of companies and senior executives moving to the city state, which has an attractive tax regime and booming local market.
“The MENA region is fast becoming a hotspot for the trading industry, driving significant opportunities for brokerages,” said Devexperts CEO Ben Hurley.
“Devexperts’ client base in the UAE and Saudi Arabia has increased rapidly over the past two years and leading us to now taking the formal decision to open an office in Dubai. This will allow us to better cater to both our new and existing clients in the UAE and neighbouring countries.”
Devexperts main product for the trading industry is DXtrade, a platform used by brokers and prop firms.
The company works with several large OTC derivatives and stock brokers, providing white labels and backend infrastructure for them.
