Maktoum bin Mohammed launches Dubai Future District Fund to invest in start-ups
His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, today launched the Dubai Future District Fund with one billion dirhams to invest in emerging companies.
His Highness said on his Twitter account: "In implementation of the directives of Mohammed bin Rashid Al Maktoum and Hamdan bin Mohammed, may God protect them, to support the digital economy sector, we launched today the Dubai Future District Fund with one billion dirhams to invest in emerging companies, and we approved the appointment of Sharif Al-Badawi within the Capital Markets and Exchange Development Committee. Executive Director of the Fund.
His Highness explained: "The fund can be benefited from via http://futuredistrictfund.com. The aim of the fund is to support emerging companies in the technology sector and encourage successful digital companies to list in Dubai's financial markets. Mohammed bin Rashid's future bet is the digital economy."
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