A partnership that supports the targets of Dubai Critic Strategy

“Dubai Finance” and the Dubai International Financial Center concluded a memorandum of understanding aimed at supporting the achievement of the targets of Dubai’s critical strategy, focusing on its three axes, governance, innovation, and society, in addition to enhancing the exchange of information and expertise related to sophistication of financial transactions, based on the status of the Dubai International Financial Center as the most prominent system for the financial innovation sector in the region, and a country to the largest gathering of financial technology companies And global financial institutions.

The Memorandum of Understanding was concluded yesterday, in the presence of His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Supreme Committee for Financial Policy, and was signed by the Director General of “Dubai Finance”, Abdul Rahman Saleh Al Saleh, and the Governor of the Dubai International Financial Center, Issa Kazem.

The signing ceremony took place on the agreement during the participation of “Dubai Finance” in the activities of the third edition of the Dubai Financial Technology Summit, to constitute a pivotal step in pushing the wheel of the digital financial scene in Dubai towards the future.

Al -Saleh expressed his pride in concluding this agreement with the Dubai International Financial Center, saying that it constitutes an important step in supporting the implementation of Dubai’s critical strategy, and supporting the transformation towards an integrated digital financial future in the Emirate of Dubai, in line with the aspirations and directives of the wise leadership.

He added: “The Dubai International Financial Center contributes a central contribution to the consolidation of Dubai’s position as one of the most prominent financial centers in the world, thanks to its advanced organizational environment and its pioneering infrastructure.”

Al -Saleh continued: “We aim, through this partnership, to expand government efforts towards accelerating the wheel of innovation in the field of adopting digital payments, creating a flexible and safe financial system that meets the needs of individuals and companies, keeps pace with developments in the growing digital economy and building a critical economy.”

For his part, Kazem said: “This partnership comes with (Dubai Finance) in the context of supporting the Dubai Call Strategy, as we continue at the Dubai International Financial Center our commitment to providing a supportive environment for financial technology companies to enable it to prosper The partnership is to upgrade the infrastructure and the digital system and contribute to enhancing sustainable growth of innovation in financial services and supports the future of the digital economy.

Within the framework of the agreement, it is decided to organize specialized workshops that contribute to enabling the concerned authorities to implement best practices in support of the critical economy, and to accelerate the transformation towards a digital society that depends on non -monetary payments, as well as researching opportunities for cooperation with the “Inoven Hib Center” of the Dubai World Financial Center, and discussing ways to achieve integration by taking advantage of the initiatives related to artificial intelligence, with a value that achieves value Added to the categories of workers, tourists and other members of society, by facilitating the adoption of digital channels in various financial transactions. The agreement includes supporting innovative programs and stars that contribute to developing advanced and easily available financial financial solutions.