Mohammed Bin Rashid Innovation Fund Inaugurates New Headquarters At Dubai World Trade Centre

The Mohammed Bin Rashid Innovation Fund (MBRIF), initiated by the Ministry of Finance, has opened its headquarters in the Dubai World Trade Centre area. This event, themed "Innovation for a Better Life," was attended by Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, along with senior officials and partners. Attendees witnessed live demonstrations showcasing MBRIF's impact on its members and explored future innovation paths aligned with the UAE’s National Innovation Strategy.

Mohamed bin Hadi Al Hussaini emphasised the significance of this launch, stating it represents a crucial step in enhancing the institutional framework supporting the UAE's innovation ecosystem. He remarked, "The launch of MBRIF’s new headquarters is a qualitative leap in strengthening the institutional infrastructure that supports the UAE’s innovation ecosystem. It reflects our commitment to translating strategic plans into tangible initiatives that accelerate sustainable economic development."

Younis Haji AlKhoori, Undersecretary of the Ministry of Finance, reiterated the UAE's dedication to becoming a global innovation hub. He noted, "Our wise leadership has set clear objectives to create an enabling environment for innovation. The Mohammed Bin Rashid Innovation Fund plays a vital role in realising this vision by fostering a strong ecosystem for high-growth startups and contributing to job creation in the UAE."

The new headquarters aims to foster collaboration among entrepreneurs, innovators, and investors. Ahmed Mohamed Al Naqbi, CEO of Emirates Development Bank, highlighted its importance: "The launch of the new headquarters marks a pivotal milestone for the Fund. The space has been designed as an interactive platform that brings together entrepreneurs, innovators, and investors—driving impactful partnerships and sustainable economic progress."

During the launch celebrations, guests were introduced to an interactive artwork by Emirati artist Abdulla Lutfi titled "Innovation for a Better Life." This piece uses augmented reality technology and is now permanently displayed at MBRIF's headquarters.

The establishment of this new facility aligns with broader goals to strengthen private sector partnerships and broaden innovation across key industries. This initiative underscores MBRIF's commitment to advancing sustainable economic growth through strategic collaborations.

With inputs from WAM