Maktoum bin Mohammed Engages With Global Policy Makers and Financial Industry Leaders at Dubai FinTech Summit

His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE, as well as President of the Dubai International Financial Centre (DIFC), convened with influential global policymakers and financial leaders on the sidelines of the second Dubai FinTech Summit (DFS).

Among the notable figures Sheikh Maktoum interacted with were Adena T Friedman, Chair and CEO of Nasdaq; Oh Se-Hoon, Mayor of Seoul, South Korea; Nic Dreckman, Group CEO of Julius Baer; and Nik Storonsky, Founder and CEO of Revolut.

The two-day Dubai FinTech Summit, organized by DIFC, the leading global financial center in the MEASA region, commenced today, gathering over 8,000 decision-makers, 300 thought leaders, and 200 exhibitors to explore the latest innovations and challenges while showcasing cutting-edge technologies.

His Highness’s discussions encompassed various topics, including the exchange of expertise in FinTech innovation, urban infrastructure development, and emerging opportunities in new capital markets, wealth management, and FinTech as a result of Dubai’s recent policies and initiatives.

Sheikh Maktoum underscored Dubai's strategic initiatives aimed at boosting its stock market volume to AED3 trillion and enhancing its capital market ecosystem, positioning it as a key destination for global investors. He stressed the importance of collaboration with global entities like Nasdaq to bolster investment growth and technological innovation in financial services.

Additionally, Sheikh Maktoum emphasized Dubai's dedication to forging partnerships with prominent global cities such as Seoul to facilitate the exchange of expertise and best practices for sustainable growth and prosperity. He highlighted the shared development trajectories and financial industry growth between Dubai and Seoul, underscoring the potential for mutual advancement.

Furthermore, His Highness reiterated Dubai's commitment to fostering an enabling environment for wealth management, investment, and financial technology excellence, citing strategic initiatives aimed at attracting high-net-worth individuals, family offices, and innovative FinTech firms.

Aligned with Dubai's Economic Agenda D33 objective to establish itself as one of the world’s top four global financial hubs by 2033, the Dubai FinTech Summit promotes cross-border collaboration and innovation crucial for transforming the global FinTech landscape. The event serves as a platform to explore emerging FinTech trends and their potential to drive financial progress in the MEASA region.