Dubai Future District Fund drives future of finance with focus on innovation, sustainability

  • Date: 08-Feb-2024
  • Source: Zawya
  • Sector:Technology
  • Country:UAE
  • Who else needs to know?

Dubai Future District Fund drives future of finance with focus on innovation, sustainability



The Oversight Committee of Dubai Future District Fund (DFDF) met to assess the Fund's significant achievements to date and outline future strategies aimed at enhancing the entrepreneurial ecosystem in Dubai and the broader UAE. The Oversight Committee reviewed DFDF’s completion of over 25 investments since its inception in 2022 and discussed the AED1 billion fund’s mission to enhance Dubai's venture capital ecosystem by driving sustainable finance and innovation on a global scale. Launched by H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance, and President of Dubai International Financial Centre (DIFC), DFDF is a collaborative effort between the DIFC and the Dubai Future Foundation (DFF). The meeting saw the participation of Essa Kazim, Governor of DIFC; Khalfan Belhoul, Chairman of the Dubai Future District Fund's Board of Directors and CEO of the Dubai Future Foundation; Arif Amiri, CEO of the Dubai International Financial Center Authority and board member of the Dubai Future District Fund; Jacques Visser, Chief Legal Officer at the DIFC Authority; and Sharif El-Badawi, CEO of the Dubai Future District Fund. DFDF further reinforced its commitment to sustainability and climate technology by earmarking up to 20 percent