"Finvasia" Establishes regional headquarters in the Emirates
Abu Dhabi, 21 November / WAM / Group Finvasia, the global group that uses advanced engineering and technology to innovate in various sectors, such as financial services, blockchain technology, and healthcare, announced its intention to establish regional headquarters for five of its leading brands in the UAE, after joining the Next Generation Foreign Direct Investment initiative.
The initiative supports the UAE’s national goals by attracting advanced technology companies to the country and building a promising knowledge economy, which strengthens its position as a global leader in the field of innovation and advanced technology solutions.
His Excellency Dr. Thani bin Ahmed Al Zeyoudi, Minister of Foreign Trade, confirmed that the Next Generation Foreign Direct Investment Initiative continues to attract international companies operating in promising future sectors to establish their headquarters in the country, and proceed from there towards expanding globally and regionally, which reflects the extent of the attractiveness of the business environment in the country for ambitious companies.
His Excellency said: “Establishing the headquarters of these leading companies in the UAE through the Next Generation Foreign Direct Investment Initiative confirms our commitment to providing a supportive environment for advanced technology, and consolidates the UAE’s position as a global center for innovation in financial technology and digital infrastructure. We are pleased to welcome Finvasia Group and its five brands to join the vibrant business ecosystem in the UAE.”
Group Finvasia operates in diverse sectors, serving more than 5 million customers around the world, and transacting trillions of dollars through its diverse brands in the finance, technology and healthcare sectors.
The decision to establish regional headquarters in the UAE demonstrates the attractiveness of the country’s business-friendly environment, which fosters innovation and supports the growth of advanced technologies such as artificial intelligence and blockchain.
The Next Generation FDI initiative plays a pivotal role in this environment, offering a variety of incentives and a framework that encourages the establishment and growth of leading companies.
Group Finvasia’s brands are leaders in the financial technology, digital identity and lifestyle technology ecosystems.
Sarvjeet Virk, Co-Founder and Managing Director, Group Finvasia, said: “What is impressive about the UAE is how its policies are implemented on the ground. From licensing frameworks to digital infrastructure and openness to experimentation, the UAE is an ideal base for our teams building social platforms, blockchain networks and digital payments systems. The UAE is also a global leader in attracting innovation, incubating creative ideas and accelerating them through policies and opportunities.”
In turn, Tajinder Virk, Co-Founder and CEO of Group Finvasia, said: “The UAE has established itself as one of the most forward-looking innovation hubs in the world thanks to the Next Generation FDI initiative and the D33 agenda. Group Finvasia covers the areas of financial technology, blockchain, digital infrastructure, banking and healthcare technology through world-leading brands. It is only natural that we establish our regional headquarters serving the GCC countries here in the UAE. The country’s policies are known for transforming Visions turn into opportunities, and we are honored to be a part of them.”
The Next Generation Foreign Direct Investment initiative is an essential pillar of the UAE’s strategy to attract advanced technology companies from various sectors, which contributes to consolidating its position as a global leader in the field of innovation and accelerating the diversification of the national economy.
With the addition of Group Finvasia and its brands, the initiative continues to drive innovation and growth across various sectors in the UAE, in addition to attracting companies from around the world to develop new technologies and solutions for the modern era.
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