The launch of the “Dubai Future District” fund of one billion dirhams

Pioneer Investors – In order to accomplish the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Prime Minister and Minister of Finance, and Chairman of the Higher Committee for the Development of Capital Markets and Exchanges in Dubai announced launching the “Dubai Future District Fund” with a value of one billion dirhams in its first step. This fund is established to support entrepreneurs and emerging companies in the field of technology and encourage them to join the list of Dubai financial stock and exchange markets. Also, the website is now available.
This fund is one of the development initiatives creativities which is announced by the Supreme Committee for the Development of Capital Markets and Exchanges in Dubai, managed by His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, and it will focus on supporting the implementation of the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum to establish 1,000 digital companies in next round. The fund will also help stimulate and attract total investments to the startup sector, from 1.5 billion to 4 billion dirhams.
His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum said: “In the implementation of the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum and my brother, His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, with the support of the digital economy sector, we launched the Dubai District Future Fund today with one billion dirhams to invest in emerging companies”.
His Highness added: “We aim to implement the vision and directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, to establish 1,000 digital companies in Dubai during next 5 years and to support Dubai’s digital economy and projects based on employing future technology and developing new future economic sectors.”