His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, approved the launch of the “Venture Fund for Ventures” with a capital of about 370 million dirhams, with the aim of improving Dubai’s economic to promote growth. and the consolidation of its position as a global center for financial technology (fintech) and innovation in The Investment Capital, with effect from June 2022.
This happened during His Highness presiding over the meeting of the Executive Council at the Umm Suqeim Council yesterday, where His Highness said: “In accordance with the precepts of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and ruler of Dubai, may God protect him, in terms of supporting economic diversification for sustainable growth. We have launched the (Venture Fund for Emerging Ventures) under the supervision of the Dubai International Financial Center .. We own the ingredients and offer opportunities .. And Dubai will always be the ideal choice for launching those with big ambitions and creative ideas.
His Highness the Crown Prince of Dubai added: “Dubai is the city of entrepreneurs and daring investors. Thanks to the integration of roles between the public and private sectors, a model business environment has been developed with regulatory frameworks and a flexible legislative structure in parallel with the provision of various financial instruments, thus making Dubai the most suitable city for investment, attracting the attention of investors From different parts of the world to the endless new opportunities it offers every day for growth and success within many of the leading strategic sectors. ”
The Bold Fund for Emerging Ventures, which is overseen by the Dubai International Financial Center and contributes 15%, will create an integrated system within a range of corporate finance facilities, represented by the provision of ‘ to finance a capital of approximately 370 million dirhams on small and medium-sized projects, and ensure their development from Dubai and its introduction into global markets, which serves to develop and improve a stimulating environment for the establishment of funds or similar financing instruments; .
Within the framework of its strategic plan, the fund will contribute about three billion dirhams to the emirate’s domestic product, during its eight-year working period, which can be extended for two additional years. and a magnet for investors and entrepreneurs from around the world.
In addition, during the meeting, the Executive Council approved the establishment of a center concerned with institutional care for the most vulnerable groups to provide shelter services and bridge them through permanent or temporary institutional care that works to improve the quality of life for individuals not in state is not. to rely on themselves, within integrated programs and services that ensure the provision of institutional care services according to approved quality standards.
The center will provide its services to those who are unable to take care of themselves, such as people of determination, senior citizens, the elderly and those deprived of adequate family care, in addition to children who are subject to abuse, neglect or exploitation, so that they are mainly provided with rehabilitation, personal care, repair and repair services 24 hours a day. .
Under the approval of the Executive Council to establish the Center, an executive team, led by the Community Development Authority and the membership of the relevant authorities, has been put together to draw up a detailed implementation plan, interim priorities, detailed budgets and support needed for implementation. develop and provide temporary solutions for the completion of construction works, taking into account all specialized requirements, including social and medical.
Dubai Crown Prince:
• “Dubai is a city of entrepreneurs and daring investors, and small and medium-sized businesses are a force driving the economic growth of the Emirate of Dubai.”
• “We own the ingredients and offer opportunities … and Dubai will always remain the ideal choice for launching those with big ambitions and creative ideas.”
• 3 billion dirhams, the fund’s expected direct contribution to Dubai’s GDP, and the provision of 8,000 specialized talent jobs.
• Venture capital promotes Dubai’s economic growth and reaffirms its position as a global center for financial technology and investment capital.
• “Dubai International Financial” oversees and manages the fund and will contribute 15% to it … and the fund will be activated from June 2022.
Appointment of Amer Sharif as CEO of the Dubai Academic Health Corporation
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council of the Emirate of Dubai, passed Council Resolution no. (30) of 2022 issued appointing the Director of the Mohammed bin Rashid University of Medicine and Health. Sciences, Dr. Amer Ahmed Sharif, as Executive Director of the Dubai Academic Health Corporation, In addition to his original duties.
His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Board of Directors of the Dubai Academic Health Corporation, emphasized that Dr. Amer Sharif is one of the leading national competencies in the field of health care and medical education. His Highness said: “Dr. Amer has extensive experience making him worthy of this role, requiring an innovative leader who contributes to the development of the health care system in Dubai to become one of the world’s leading academic health care systems, and we are confident that together with the work team he will be able to achieve the institution’s vision (together we promote human health). ”
In addition, His Highness Sheikh Mansour bin Mohammed bin Rashid Al Maktoum, Vice-Chairman of the Board of Directors of the Dubai Academic Health Corporation and Chairman of the Supreme Committee for Crisis and Disaster Management in Dubai, said: “I have now worked with dr. Amer through his position as head of the Control and Management Center to combat the Corona virus in Dubai.I myself felt the extent of its efficiency and its excellent work style to unite the efforts of various sectors and make decisions based on scientific evidence, which made Dubai a model in the global response to the pandemic. We are confident that his competence and commitment to community service will enable us to set new global standards for healthcare in Dubai. ”
Dr. Amer Sharif, in turn, expressed his deep gratitude and appreciation to His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, for the honor of this appointment and gratitude for the trust of His Highness, saying: “I am honored to be elected as Executive Director of the Dubai Academic Health Corporation and I hope to honor this precious trust, I look forward to working with the Foundation’s team to improve the health and well-being of community members and Dubai’s global reputation Our core value (Patients First) will be the core principle of our work, where healthcare, scientific research and medical education are integrated under one umbrella to provide the best outcomes and outcomes for patients and society. of innovation and discovery is fundamental to achieving this ambition, and we will work to develop effective partnerships to achieve this accelerate the desired goals of community health. ”
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