Experts review the opportunities and future of investing in startups and entrepreneurship in Dubai and the UAE

Aya Hussain

The experts participating in the first annual meeting of the Dubai Neighborhood Fund reviewed For the future, whose activities were held in the “Museum of the Future” under the patronage of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum
Crown Prince of Dubai, Chairman of the Executive Council and Chairman of the Board of Trustees of the Dubai Future Foundation, promising future opportunities in the field of investment in startups and entrepreneurship in Dubai and the UAE. 3011087261116652715
His Excellency Khalfan Juma Belhoul, CEO of the Dubai Future Foundation, said during his keynote speech that the leadership in the UAE believes in future opportunities, employing current and future transformations in various economic and technological sectors, and adopting the latest advanced technologies and practices. Innovative in achieving its future strategies. An important pillar in supporting entrepreneurship and encouraging emerging companies and promising projects The investment support required for it to develop innovative products and services that serve communities and support the comprehensive and economic development process, pointing also to the importance of cooperation with all sectors, sectors and business fields to enhance the capabilities and capabilities of the vital environment that supports entrepreneurship, technology innovations and opportunities for the digital economy, starting from Dubai.

Christian Kunz, CEO of Strategy, Innovation and Enterprise at the Dubai International Financial Center Authority, and Fadi Ghandour, CEO of Wamda Capital, and Mohammed Shayel Al Saadi, Executive Director of the Dubai Corporation for Consumer Protection and Fair Trade, in a discussion session entitled “Strengthening the Local Economy,” during which they emphasized the importance of partnerships between the government and private sectors, empowering business sectors, providing facilities to investors, in addition to providing supportive regulatory frameworks to ensure sustainability growth for the future. Suggestions and ideas and accelerate the implementation of useful ones while continuing to develop them constantly, which keeps pace with the serious era This is a lot of work and organizes it with high unprecedented flexibility that facilitates the work of the private sector.3011087261116652715
Al-Saadi confirmed Flexible business establishment solutions such as ownership by 15%, and the updated Iqama system, including options such as golden and green Iqama, etc. are direct results of this. Listen and meet stakeholder requirements. Al-Saadi pointed out that consumer protection supports consumer confidence, achieves sustainable economic and business growth, reflects positively on the development of various economic sectors, and encourages investors to finance them.3011087261116652715
For his part, Fadi Ghandour said that the most successful regulatory environment for emerging projects and entrepreneurship is the one that guarantees broader facilities and greater freedom for entrepreneurs and project owners to accelerate and facilitate their recruitment and attraction and enable them to launch their business, which is achieved by the presence of deeper dialogues Among government sectors, investors and owners of promising ideas, indicating that Dubai has achieved record achievements in this field and has attracted emerging projects and global talents as a desirable destination for living and working 3011087261116652715
Fadi Ghandour emphasized that the volume of growth achieved by Dubai after the Covid-19 pandemic 10 is enormous. As a global city for entrepreneurship, saying: “What the leadership in Dubai promises is being achieved,” pointing out that the “Dubai District Future Fund” is the result of this ambitious future direction. 3011087261116652715 In turn, Christian Kunz said during the session that the digital economy sector in Dubai And the UAE is growing continuously, as the number of workers in the digital economy sector has increased in five years in Dubai by 900 specialized, and this is a qualitative indicator.

He added: We are keen to develop the perspective of investment risks as a continuous process that guarantees long-term sustainability of growth, pointing out He pointed out the importance of bold investment in projects that have not yet achieved an international presence, calling for strengthening the empowerment of entrepreneurs and emerging projects and facilitating access to them through events that expand their network of relationships and supporters, as in the annual meeting of the Dubai Future District Fund.

During a keynote speech during the meeting, Sharif Al-Badawi, CEO of the Dubai Future District Fund, confirmed that Dubai has many success stories. Inspirational in the various fields and specializations of the future economy, stressing the importance of the role of continuous support from the wise leadership, which contributed to the development of the investment sector in the future and the provision of financing opportunities for its promising opportunities.3011087261116652715
Al-Badawi said that the region is on the cusp of a new growth phase by benefiting from emerging projects and pioneering more general ones In the technology sector and bold investment financing in accordance with the vision of building for the future economy and the progress of humanity. We are in Dubai in the best place to work and live and achieve that vision, with the direct investment opportunities it provides to bridge the funding gap for promising emerging projects that are still in its infancy. He explained that the Dubai Future District Fund is the first bold financing institution of its kind in the region in terms of supporting projects Advanced technology is in its very early stages by benefiting from a dynamic system based on innovation and an advanced digital economic structure in Dubai.

Al-Badawi emphasized that the fund achieved a qualitative presence in a very short period, starting from the UAE to the Middle East and North Africa region, with ambitions to achieve commercial returns of 3 to 5 times the investments in periods ranging from 900 and 15 in general.
The meeting also included a discussion session on promoting innovation in technology in Dubai, which hosted both Sarah Al-Kindi, Head of Private Equity in Europe and Asia at the Emirates Investment Authority, Sarah Al-Saleh, Investment Partner at Outliers VC, and Mahmoud Oday, Founding Partner at Shurooq Partners, moderated by Mohamed Al-Balushi, director of the “Innovation Hub” and “Funtech Have” center in the Dubai International Financial Center.
5000 Sarah Al-Kindi said: Innovation in health care and the energy transition present promising opportunities for future investments, because of their direct and enormous positive impact on human life in the country, the region and the world, especially with the effective use of applications and products of artificial intelligence, 3D printing, data analysis and other means. The pivotal future technologies, which multiply the speeds of innovation in various sectors of life and develop proactive thinking not only for individuals, but also for societies and governments, leading to the principle of smart government.3011087261116652715
Sarah Al-Saleh pointed out that flexibility will ensure the survival of projects and financing that are more adaptable in the technology sectors and emerging projects related to them globally. It is important to highlight emerging technologies such as artificial intelligence, e-commerce, digital technology and cybersecurity. She said, “We have many promising opportunities to be in this region as technology innovators and investors in the retail and investment sector based on sustainability, by taking advantage of the tools of the digital economy and conscious strategies to finance technology projects and companies that stem from them.”

Mahmoud Uday said that the bold financing sector for emerging projects has exceptional opportunities today to attract local and regional investments and to enhance the role of the regulatory and financial sectors in benefiting from these opportunities. There are always promising prospects in the region for ideas and companies with future value. Stressing that increasing human productivity will be a direct result of technology in the future by expanding the ranges of financial and digital technologies to serve larger and wider sectors of beneficiaries, and enhance value for all, indicating that attracting talents in Dubai and the UAE is at its best levels today because of the supportive ingredients available here for the various stages of establishment. growth and success.