Investments by Dubai Future District Fund advance economic contribution

Investments by Dubai Future District Fund advance economic contribution

DUBAI - Omar Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications, chaired the Dubai Future District Fund (DF2) Oversight Committee upon completion of its first year of investment operations.

The meeting reviewed DF2’s first full year of operations and highlighted the rapid progress being made, with the completion of more than a dozen fund and start-up investments from the initial funding commitment of AED1 billion.

Al Olama, who is the Chairman of DF2 Oversight Committee, stated that Dubai and the UAE is keen to provide the best ecosystem to create the newest generation of start-ups and global unicorns, reflecting the visions and directives of the UAE leadership in driving a robust growth in the economy and enhancing the country’s global competitiveness.

He added that Dubai has built technological infrastructure and cutting-edge systems resulting in promoting its reputation around the world as a leading economy empowering start-ups to achieve their potential and enhancing their position as the backbone of many economies and their positive effect on the national and global economy.

Al Olama commended the committee’s efforts in attracting global businesses, supporting start-ups to establish them in Dubai and providing them with state-of-the-art solutions in easing their journey