Dubai International Financial Centre (DIFC) has signed a Memorandum of Understanding (MoU) with the Dubai Future Foundation (DFF) to drive the future of finance in the region. The agreement between the two forward-looking counterparts will advance the innovation agenda within Dubai and engage the financial technology community through scaling and training opportunities.
DIFC’s priorities align with DFF’s mission who is to collectively imagine, inspire and design Dubai’s Future. Financial services sector is the third largest economic activity contributing to Dubai’s GDP today and this is expected to grow in the coming years. DIFC will also be a major part of the Dubai Future District, the region’s largest future economy focused district.
The entities will partner on a combined technology acceleration programme. It will identify and supporting blockchain and AI-driven start-ups from the region, placing them on an aggressive growth trajectory. The move will aid the execution of the Dubai 10X vision, which enables the Government of Dubai to be 10 years ahead of all other cities by embracing disruptive innovation.