Khalifa Fund Boosts Four Emirati IT Companies at Expand North Star 2024 in Dubai

Dubai: Khalifa Fund for Enterprise Development has announced its support for four outstanding Emirati businesses in the information technology and communications sector at Expand North Star 2024, the world's largest event for global startups and investors, scheduled to be held at Dubai Harbour from October 13th to 16th. According to Emirates News Agency, the event is organized by the Dubai World Trade Centre and hosted by the Dubai Chamber of Digital Economy. Expand North Star, as a part of the globally renowned GITEX Global, aims to unite startups, investors, and industry leaders from across the globe. The event is designed to showcase groundbreaking innovations and foster collaboration across various sectors. The supported companies by Khalifa Fund include Rafeeg, By Tech, Osool Communications and Technical Systems, and Anigma Technologies. Rafeeg offers a platform that connects customers with trusted home maintenance service providers. By Tech is a technology firm that aids business growth through innova tive digital solutions. Osool Communications and Technical Systems is known for providing advanced communication and security solutions, including CCTV and home automation systems. Anigma Technologies, based in Abu Dhabi, specializes in enhancing the gaming experience in the GCC with premium PC components and custom-built systems. Mouza Obaid Al Nasri, Acting CEO of Khalifa Fund, emphasized the commitment of the fund to support the Emirati entrepreneurial community. She highlighted the importance of adopting sustainable practices, embracing digital transformation, and innovating effective solutions. Al Nasri noted that such initiatives are crucial for success in the evolving economy and contribute to a diverse and sustainable economic future. The participation in Expand North Star 2024 strategically positions these companies within one of the world's most dynamic technology ecosystems, enhancing their global presence and opening doors to new partnerships and investment opportunities. Al Nasri further stated that the support for these companies at such a significant global event underscores the UAE's dedication to fostering a knowledge-based economy and highlights the strength of Emirati innovation. Khalifa Fund continues to play a pivotal role in driving the strategic growth of the UAE's entrepreneurial sector through initiatives like Expand North Star 2024. The fund's efforts ensure that Emirati businesses remain competitive on a global scale and contribute significantly to the UAE's vision of becoming a global leader in technology and innovation. Additionally, in July, Khalifa Fund introduced a new suite of funding programs offering long-term, interest-free loans to support small and medium-sized startups within priority sectors, including the information and communications technology sector.