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
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Dubai Future District Fund
DFDF is a venture capital and fund of funds that invests in new economy companies that will drive Dubai's future growth.