Khalifa Fund supports four Emirati businesses at Expand North Star 2024

emirates7 - The Khalifa Fund for Enterprise Development has announced its support for four exceptional Emirati businesses in the information technology and communications sector at Expand North Star 2024, the largest global event for startups and investors, taking place at Dubai Harbour from October 13 to 16.

Hosted by the Dubai Chamber of Digital Economy and organized by the Dubai World Trade Centre, Expand North Star is part of the prestigious GITEX Global and aims to bring together startups, investors, and industry leaders from around the globe to showcase innovative solutions and encourage collaboration across various sectors.

The Emirati businesses receiving support from the Khalifa Fund include:

Rafeeg, a platform connecting customers with service providers for reliable home maintenance services.
By Tech, a tech firm that offers innovative digital solutions to help businesses grow.
Osool Communications and Technical Systems, a leading provider of advanced communication and security solutions, including CCTV systems and home automation.
Anigma Technologies, an Abu Dhabi-based gaming brand that enhances the gaming experience in the GCC with premium PC components and custom-built systems.

Mouza Obaid Al Nasri, Acting CEO of Khalifa Fund, stated, “Supporting the Emirati entrepreneurial community is a top priority for us. We focus on enterprises that adopt sustainable practices, embrace digital transformation, and innovate effective solutions. This forward-thinking approach is essential for success in a constantly changing economy and plays a crucial role in shaping a diverse and sustainable economic future. By supporting Emirati businesses at Expand North Star 2024, we strategically position them within one of the world’s most vibrant technology ecosystems, enhancing their global presence and opening up avenues for partnerships and investment opportunities. Our involvement underscores the strength of Emirati innovation and the UAE’s commitment to advancing a knowledge-based economy.”

She added, “The companies participating with Khalifa Fund’s support exemplify the spirit of innovation, quality, and entrepreneurship we aim to nurture. Showcasing these Emirati companies at Expand North Star highlights our commitment to fostering a knowledge-based economy, enhancing their global competitiveness, visibility, and paving the way for strategic partnerships and investment opportunities.”

Through targeted initiatives and international exposure opportunities like Expand North Star 2024, the Khalifa Fund continues to promote the strategic growth of the UAE’s entrepreneurial sector. By fostering innovation and creating connections between local enterprises and global markets, the Fund ensures that Emirati businesses remain competitive and are integral to the UAE's future as a leader in technology and innovation.

In July, Khalifa Fund also introduced a new suite of funding programs, offering long-term, interest-free loans to support small and medium-sized startups in priority sectors, including information and communications technology.