How important do you think this is for the Arab world, or emerging markets more broadly? Has any country outside of the US created such a central hub yet? Why is it critical to figure it out at such an early stage, and is it really realistic to expect hubs as central as Silicon Valley to emerge around the world?
From my perspective, even though we're building $1B companies, we've got to focus on the next 6-12 months for now. Gazan startups just closed the second round of seed investments in their history. As an accelerator, we're working on our second round - we're where YC was in 2006. We're focused on things like getting 12 hours of electricity for our entrepreneurs (www.powerupgazageeks.com), setting up their first legal entities (that took a LOT of time), figuring out where we provide the most value (sweet spot seems to be bringing mentors to Gaza and taking startups out of Gaza - most of the folks we work with have never been more than 30 miles from home before because they essentially live in a prison).
Plus, the geo-political environment around us is changing. A few years ago Beirut, Cairo, Amman looked like the potential startup hubs for the region. Now I'd lean towards Dubai, though it faces another challenge (too much security control of the internet > Google won't open an engineering hub there as a result).
If you've got any experience thinking through this in Europe, Africa, LatAm, Asia... would love to hear your thoughts.