The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
Dubai / Emirates Business
With Dubai targeting to become the Middle East’s smartest city by 2021, a growing number of local and international FinTech companies are looking to make the emirate their regional base, according to Links Group, an Equiom company and a leading provider of commercial facilitation and advisory services in the Middle East. The financial solutions ecosystem received close review at the World Economic Forum’s Annual Meeting of the Global Futures Council, held in Dubai last month. During the event the FinTech revolution was brought to the forefront of discussions due to the pace of innovation within the sector.
The rate of FinTech growth in Dubai continues to garner worldwide attention, largely due to the ‘Dubai Blockchain Strategy’, launched by the Smart Dubai office and the Dubai Future Foundation in 2016. With Dubai moving to become the first blockchain-powered government by 2020, both local and international FinTech companies are increasingly viewing the emirate as the testbed for their latest solutions.