Dubai International Financial Centre (DIFC) signed a Memorandum of Understanding (MoU) with the Dubai Future Foundation (DFF) for a technology acceleration programme, to identify and support blockchain and AI-driven start-ups from the region. The MoU also outlines plans to introduce technical training programmes at the DIFC Academy including coding courses such as Full-Stack Web Development and App Development. This supports the Dubai Future Foundation’s One Million Arab Coders initiative, which was launched in 2017 by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. In addition, DIFC and DFF will also collaborate on research and development programmes with leading research and technical institutes. The MoU is said to be in line with the execution of the Dubai 10X vision, to enable the Government of Dubai to be 10 years ahead of all other cities by embracing disruptive innovation.
DIFC is purported to home to over 200 fintech companies, enjoying substantial growth between 2018 and 2019. The centre continues to work with regional and international stakeholders to develop a robust digital infrastructure and maintain its position as the region’s fintech hub. The centre offers an independent regulatory and judicial system, a global financial exchange, access to funding, a dynamic and enabling sector environment, complemented by a diverse and cosmopolitan talent pool and a vibrant business community.