DMCC Announces Crypto Valley in Dubai at Davos 2020, Boosting Blockchain Ecosystem

Designed to promote growth, collaboration and integrity in the global blockchain economy, the & # 39; DMCC Crypto Valley & # 39; a variety of services, including early-stage incubation, co-working facilities, innovation services for business customers, blockchain and entrepreneurship training, training, events, mentoring and financing.

Signed on the sidelines of the World Economic Forum Davos, sees the agreement that DMCC is working with CV VC and its subsidiary CV Labs on the development of an ecosystem in Jumeirah Lakes Towers (JLT), DMCC's business district, where more than 17,000 companies are currently registered.

“DMCC is pleased to sign this agreement with CV VC and to launch the Crypto Valley Dubai, in the heart of Dubai leading business district, "said Ahmed Bin Sulayem, Executive Chairman and CEO, DMCC.

“DMCC is at the crossroads of the world and is a dynamic business hub that promotes global trade Dubai. The launch of the Crypto Valley in DMCC will improve the dynamic business environment of the city and support the broader strategy of the UAE government to attract the innovators, entrepreneurs and pioneers that will shape the future economy, "he added to.

The agreement obliges both parties to cooperate and a DMCC Blockchain Strategy that is aligned with the Emirates Blockchain strategy 2021and support the Dubai Blockchain strategy launched by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and chairman of the Dubai Executive Council.

“We are delighted to involve the MENA region with DMCC as a very strong local partner. In our opinion, the competence of Crypto Valley-based companies will support the ambitious goals and strategy to use blockchain Dubai and further! On the other hand, the MENA region capital could help build even more successful projects and startups and promote the settlement of new blockchain-focused companies in the UAE, "said Ralf Glabischnig, Founder of CV VC and CV Labs.

“We look forward to bringing our strong partner from Crypto Valley Dubai, such as CoreLedger, inacta, Lykke and Tezos who are already active in the MENA region, & he added.

Research from DMCC & # 39; s Future of Trade report showed that blockchain can help reduce up to 20 percent of the physical paper costs for global trade, currently estimated at USD 1.8 trillion. DMCC is a member of the Global Blockchain Council.

For more information about the project and joining DMCC, contact James Bernard, Head of business sales, DMCCand founder of the Blockchain Innovation Group and Global Blockchain Council:

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Media questions: DMCC | PR & Business Communication
Phone: +971 (4) 4249600


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