DIF’s Tech Investments and Rising Curiosity in Expertise Sector in Dubai

Dubai goes by way of a digital revolution powered by the ambitions of funding firms like Dubai Funding Fund (DIF) and the help of the UAE authorities. In 2001 Microsoft opened its first regional base in Dubai, attracted by UAE’s 50-year-rent-free incentive and a promise of 100% repatriation of capital. It began a tech development, and shortly HP, IBM, SAP, Oracle, 3M, and Google arrange regional facilities in Dubai.

This created a “cluster impact,” which makes Dubai an funding hub for tech firms. In the present day, Dubai Web Metropolis is considered the Silicon Valley of the Center East. It’s house to among the largest billion-dollar unicorns within the Arab world like Telegram, Yalla Group, Careem, Souq, Maktoob, Property Finder, Media.Internet, Vista International, and Kitopi. 

Beneath the UAE authorities’s imaginative and prescient of a Past Oil economic system, personal sector investments are exploring new methods to broaden the nation’s economic system. Tech stays a favourite theme for contemporary investments within the area put up COVID. The federal government actively helps personal investments in tech by way of 100% international ownerships, zero company tax, straightforward exit plans for firms, strong business laws, and alternate funding channels. The nation has 30 free commerce zones with quite a few incentives for tech startups and international funding funds. 

The Abu Dhabi International Markets (ADGM) free zone is house to among the largest personal fairness firms on par with rising economies like Singapore, Malaysia, Israel, and the UK. Dubai Funding Fund (DIF) is one such firm main the change in UAE. The fund manages over $300 billion AuM and actively invests in know-how firms throughout a number of sectors. It invests throughout geographies in worldwide inventory markets and international firms by way of personal fairness partnerships. 

Dubai Funding Fund (DIF)  began in 2001 and stayed sturdy by way of a number of cycles of inflation and recession. Its funding philosophy stays rooted in fixed diversification and the invention of latest rising applied sciences. DIF is quickly increasing its tech vertical by investing in each mainstream and offbeat tech firms. 

In 2017, DIF additional expanded its funding portfolio inside the IT sector with new partnerships with main tech firms and rising startups. That yr, DIF made giant investments and took stakes in corporations like Qualcomm, Intuit, PayPal, Reserving Holdings, VMware and AutoDesk.  

«Whereas we imagine that we have been extraordinarily profitable in rising the portfolio of firms we invested in throughout 2017, one factor is evident, investing in the fitting firms stays key to the technique going ahead,» said Amir Shams, DIF’s CEO. «As DIF grows and the phrases and metrics for investments change, we’re decided to create progressive new alternatives for each our portfolio firms and ourselves as we proceed to hunt out alternatives which are aligned with the three pillars of DIF – that are Diversification, Innovation and Development.»

In keeping with DIF’s CEO Amir Shams, these investments will assist the corporate’s traders reap the advantages of the upcoming digital revolution within the Arab world. DIF is effectively positioned all through the tech chain of the MENA area by way of an internet of long-term partnerships with multinational firms. 

The DIF’s core portfolio contains hydrocarbons, heavy industries, infrastructure, telecommunications, finance and clear vitality investments. As DIF positive aspects majority shareholder standing in among the largest regional companies and parent-holding firms, its know-how investments can leverage its core portfolio investments. 

DIF can be lively in UAE’s Synthetic Intelligence (AI) ambitions. The corporate was the primary to start out an AI lab in Dubai in 2016 to develop machine studying capabilities and acquire insights into the longer term prospects of AI. DIF stays an important funding associate for established manufacturers and regional tech startups. It is among the most diversified funds on this planet, with deep roots in Asia, Europe, and the US. The fund caters to greater than 7300 particular person and institutional shoppers throughout 61+ international locations. The corporate seems to be past short-term positive aspects to discover long-term partnerships with firms, establishments, and authorities our bodies for the betterment of native society and the atmosphere. DIF stays probably the most distinguished traders in inexperienced vitality within the Center East, Africa, Europe, and Asia.

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