Dubai Future District Fund: An Evergreen Fund Anchored with AED 1 Billion, and Even Greater Ambitions Ahead

Dubai Future District Fund: An Evergreen Fund Anchored with AED 1 Billion, and Even Greater Ambitions Ahead

By Erika Masako Welch, 25 October 2022
Dubai Future District Fund: An Evergreen Fund Anchored with AED 1 Billion, and Even Greater Ambitions Ahead

It may surprise many to learn that Dubai is an entrepreneurial city that has relied on innovative ways to attract capital to fund its start-up ecosystem, more so than it is an inherently wealthy city. Dubai is a scrappy city that has historically punched above its weight class, much like the many start-ups it attracts. In a region where sovereign wealth funds (SWFs) are investing anywhere from hundreds of millions to billions of dollars into their start-up ecosystems and launching SWF-backed venture capital funds that are looking to attract start-ups with seemingly unlimited dry powder –Dubai has stood apart. Being a relatively oil-poor city-state compared to its neighbors, Dubai does not have unlimited capital and cannot compete on financing alone. Having only 4% of the country’s oil reserves, Dubai has had to use that rev

Register & Read for Free

Just login or create a free account to enjoy our content

or

Related Report

Dubai’s roadmap to becoming the digital economy capital of the world

Dubai’s Roadmap to Becoming the Digital Economy Capital of the World

An overview on how the government of Dubai is taking aim at becoming a leader in everything from blockchain to artificial intelligence, cryptocurrency, digital assets and the metaverse. Here’s how Dubai plans on growing a digital economy worth over us $140 billion by 2031, and attracting more coders per capita than any other city on earth.