Khalifa Fund Empowers Four Emirati Businesses At Expand North Star 2024 Event

The Khalifa Fund for Enterprise Development is backing four exceptional Emirati businesses in the IT and communications sector at Expand North Star 2024. This event, the largest of its kind for global startups and investors, will occur at Dubai Harbour from 13th to 16th October. Organised by the Dubai World Trade Centre and hosted by the Dubai Chamber of Digital Economy, it is part of GITEX Global.

Among the participants supported by Khalifa Fund are Rafeeg, By Tech, Osool Communications and Technical Systems, and Anigma Technologies. Rafeeg connects customers with trusted home maintenance services. By Tech offers digital solutions tailored to business needs. Osool provides communication and security solutions like CCTV systems. Anigma Technologies enhances gaming experiences with premium components.

Mouza Obaid Al Nasri, Acting CEO of Khalifa Fund, emphasised their commitment to supporting Emirati entrepreneurs who embrace sustainability and digital transformation. "At Khalifa Fund, we place the support of the Emirati entrepreneurial community at the forefront of our priorities," she stated. This approach aims to shape a diverse economic future while boosting global presence through events like Expand North Star 2024.

Al Nasri further highlighted that each participating company embodies innovation and entrepreneurship values that Khalifa Fund promotes. "By supporting Emirati companies at Expand North Star, we are showcasing the power of Emirati innovation within one of the world’s most dynamic technology events," she continued. This initiative enhances their competitiveness and opens doors to strategic partnerships.

Khalifa Fund's initiatives aim to drive strategic growth in the UAE's entrepreneurial sector by fostering innovation and connecting local enterprises with global markets. Through events like Expand North Star 2024, they ensure that Emirati businesses remain competitive on a global scale, contributing significantly to shaping the UAE's future as a leader in technology.

In July, Khalifa Fund launched new funding programmes offering long-term, interest-free loans for small and medium-sized startups in priority sectors such as information and communications technology. These programmes are designed to support emerging businesses in key areas crucial for economic development.

This support not only elevates these businesses' global visibility but also strengthens their potential for meaningful partnerships and investment opportunities. The participation underscores UAE's dedication to advancing a knowledge-based economy through strategic initiatives.

With inputs from WAM