Dubai: Finworld eagerly anticipated the Dubai FinTech Summit, which has now commenced at Madinat Jumeirah under the patronage of His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, the Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance. This year’s summit is a strategic move in line with the Dubai Economic Agenda D33, aiming to elevate Dubai into the top four global financial hubs by 2033.
Organized by the Dubai International Financial Centre (DIFC), the event marks its groundbreaking second edition, promising to usher in a new era for the financial technology industry. The summit is set to gather 8,000 decision-makers, over 300 thought leaders, and more than 200 exhibitors, focusing on the latest innovations, challenges, and cutting-edge technologies in FinTech.
According to Mordor Intelligence, the global FinTech sector is expected to reach a value of $608 billion by 2029. The Dubai FinTech Summit offers a vital platform for startups, investors, and industry leaders to connect and leverage the booming FinTech market in the Middle East and North Africa (MENA) region and beyond. Current data from dealroom.co highlights the region’s thriving FinTech start-up scene and venture capital landscape, with over 800 start-ups valued at approximately $15.5 billion.
The inaugural Dubai FinTech Summit, held last year, was a resounding success, drawing over 5,000 C-suite leaders from more than 90 countries, including upwards of 1,000 investors and over 150 speakers. The event also saw the signing of over 20 memoranda of understanding with global financial leaders, cementing its status as a pivotal industry milestone.
This year, an improved result is expected at the summit, which is anticipated to have a significant positive impact on the FinTech sector in GCC countries. Around 50 media organizations, including Bloomberg, CNN, CNBC, Gulf News, Emirati Times, GCC Business News, and Dailyhunt, are collaborating. Visa is serving as the summit’s co-host, with sponsors including Emirates NBD, Etisalat, Mastercard, Finvasia, and Mashreq Bank. The summit will conclude on May 7th.
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