Dubai Future District Fund portfolio to touch $1.7 billion by 2025

Dubai Future District Fund portfolio to touch $1.7 billion by 2025

Dubai: The Dubai Future District Fund, established initially as a Dh1 billion fund to support entrepreneurs and startups, now has 16 enterprises under its portfolio, with the value of investments expected to reach $1.7 billion by 2025. This was revealed at the fund’s first annual general meeting in the presence of Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Chairman of The Executive Council of Dubai and the Chairman of the Board of Trustees of the Dubai Future Foundation, and Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, and Deputy Prime Minister and Minister of Finance of the UAE. The meeting reviewed the DFDF’s achievements to date and discussed ways to support technology companies in the early stage of their growth, facilitate their future public listing on the Dubai stock market and help them leverage investment opportunities to boost their future projects. Sheikh Hamdan said: “Dubai has become an international gateway for ambitious investment opportunities, a hub for future-driven project funding and a global testbed for tomorrow’s technology and digital economy applications. The emirate provides the ideal environment for technology ventures to develop the highest standards of agility and transparency and create