A partnership to finance fast-growing technology companies in Dubai

The Dubai International Financial Center and Partners for Growth (BFG), which specializes in providing credit solutions against assets for rapidly growing technology companies, announced the conclusion of a strategic partnership to pump structural growth financing, with the aim of financing and supporting the expansion of the new generation of fast-growing technology companies in Dubai and the Gulf Cooperation Council countries.

Dubai International Financial said in a statement yesterday that this cooperation combines the center’s vision to lead the future of the financial sector, BFG’s experience and distinguished record in the region as one of the most prominent private credit investment institutions, noting that over more than 20 years, the company has invested more than $2.1 billion in more than 250 companies around the world, confirming its ability to provide entrepreneurs with flexible capital that keeps pace with their ambitions. It supports their innovative companies in their pivotal growth stations.

This partnership reflects the DIFC’s commitment to achieving the goals of the Dubai Economic Agenda (D33), which places at the core of its priorities strengthening Dubai’s position as a global center for innovation and entrepreneurship. The partnership also builds on BFG’s five-year track record in the GCC, where the company has committed to supporting a number of the region’s most prominent technology companies, including Tabby, Trukker, Bizat, Siyarah, HSI, and Silkhouse.

Under the new mandate, the partnership will provide structured growth financing to companies aligned with the DIFC Strategy 2030 and the objectives of the Dubai Economic Agenda (D33) in various sectors, including financial technology, health technology, insurtech, real estate technology, digital finance for small and medium enterprises, in addition to space technology. Although priority will be given to fast-growing companies based in Dubai and the Gulf Cooperation Council countries, a share of the capital can be directed to support international companies capable of enriching the regional system, through their advanced technologies, expertise, or sector leadership.

BFG assumes full authority to make investment decisions within this partnership, ensuring speed of implementation and strategic harmony with the needs of ambitious entrepreneurs in the region.

The CEO of the Dubai International Financial Center Authority, Arif Amiri, said: “Our mission is to consolidate Dubai’s position as a leading global financial center, strengthen the local investment capital ecosystem, and empower the next generation of fast-growing emerging companies in the fields of technology and innovation.” He added: “Our cooperation with BFG embodies our shared vision and our belief in the importance of providing growth financing to open new horizons for promising companies inside and outside the region. Through this partnership, we are working to diversify the financing tools available to entrepreneurs and investors, and accelerate the pace of achieving the goals of the Dubai Economic Agenda (D33).”

For his part, the co-founder and CEO of Partners for Growth, Andrew Kahn, said: “Our cooperation with the Dubai International Financial Center represents a milestone in our journey in the region, allowing us to support companies that shape the future of the economy. Through this partnership, we have a strong platform to continue providing flexible financing solutions to support companies ready to go global from Dubai.”