His Excellency Essa Kazim, the Governor of DIFC, presided over the Dubai Future District Fund (DFDF) Oversight Committee Meeting, marking the completion of its second year of investment operations.

The Oversight Committee assessed DFDF's achievements, including over 25 investments since its establishment in 2022, emphasizing the fund's mission to boost Dubai's venture capital ecosystem globally through sustainable finance and innovation.

In December 2023, DFDF, under the leadership of the Oversight Committee, committed up to 20% of its AED 1 billion fund to support climate technology and innovation, aligning with the Dubai Clean Energy Strategy 2050 and the UAE Net Zero 2050 strategy.

As DFDF enters its third year, the Oversight Committee acknowledged the fund's accomplishments, including 14 new investments in 5 start-ups, 3 follow-on investments, and 6 fund investments in the Future of Finance and Future Economies sectors in Dubai. They also praised DFDF's capacity-building initiatives, such as the DFDF Venture Fellows and Venture Capital Fund Simulation programs.

Highlighting the significance of supporting start-ups in their growth journey, the Oversight Committee emphasized the role of venture capital in creating value beyond funding, scaling operations, and reinforcing corporate governance. The meeting showcased collaborative efforts between government and private sector leaders to drive innovation, supporting the UAE's transition to a sustainable future, with DFDF playing a pivotal role.

DFDF is a collaborative initiative between DIFC and DFF. Notably, UAE start-ups account for 52% of all venture deals in the MENA region, with 44% of venture capital having a presence in the UAE.