Dubai Internet City (DIC) (Arabic: مدينة دبي للإنترنت‎) is an information technology park created by the government of Dubai as a free economic zone and a strategic base for companies targeting regional emerging markets. The economic rules of DIC allow companies to avail themselves of a number of ownership, taxation and custom related benefits which are guaranteed by law for a period of 50 years. One model of operation includes 100% foreign ownership, similar to those prevailing in other designated economic zones in the United Arab Emirates. These freedoms have led many global information technology firms, such as Microsoft, IBM, Oracle Corporation, Infor Global Solutions, Sun Microsystems, Cisco, HP, Nokia, Seidor Mena, Cognizant and Siemens, as well as UAE based companies such as i-mate, Acette, to move their regional base to the DIC.