Dubai Future District Fund unveils ambitious commitment

Dubai Future District Fund unveils ambitious commitment

Dubai, UAE:- The Dubai Future District Fund (DFDF) has reinforced its commitment to sustainability by earmarking up to a substantial 20 percent, equivalent to AED 200 million, of its AED 1 billion fund for supporting climate technology and innovation. This momentous announcement, made on COP28's Finance Day, underscores DFDF's pivotal role in fostering a sustainable and innovative future, aligning with the United Arab Emirates' broader vision for economic diversification and sustainable development. Launched by His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, DFDF is a collaborative effort between the Dubai International Financial Centre (DIFC) and the Dubai Future Foundation (DFF). This commitment reiterates DFDF's mission, enhancing Dubai's venture capital ecosystem and reinforcing its dedication to driving sustainable finance and innovation on a global scale. Khalfan Belhoul, Chairman of DFDF and CEO of Dubai Future Foundation, emphasized: "The substantial allocation of up to AED 200 million from DFDF to sustainable technology ventures represents more than a monetary commitment; it signifies our continued mission to enhance Dubai’s venture capital ecosystem. At the heart of DFDF's operations is a deep focus on the Future of Finance and Future Economies; areas