Emir Dubay stands out as one of the key global centers for digital assets and technologies. Its success lies in a complex approach to the development of the digital economy, supported by strong regulatory frameworks, powerful infrastructure and active international partnerships. One of its main goals is transforming government and private services on the account of internal funding without cash payments.
The strategy of «Dubai without cash» is aimed at ensuring unparalleled convenience for users, integrating various digital platforms into a single space. According to experts' assessments, the transition to digital payments by 2026 will increase the annual economic growth by more than 8 billion dirhams. «The goal is not just modernization — we strive to create an ecosystem where any citizen or business can operate safely and efficiently through services, independent of payment method,» — emphasizes the company's documentation.
Key driver of development became licensing, provided by the company VT Markets, which now officially conducts regional activity in the sphere of digital trading and fintech. Opening the office in Dubai became the result of a series of negotiations with partners from Hong Kong, Turkey and Egypt, which supported joint innovations. The company positions itself as a bridge between Emerging markets and forefront technologies. «We want not only to expand geography, but also to set new standards in digital banking,» — note executives.
Particular significance is cooperation with national institutions, including the Governmental Department for prices and commodity reserves and the International Financial Center Dubai. Thanks to this regional office VT Markets gets access to global investment flows, logistic hubs and exclusive conditions for partners. It is expected that by 2025 more than 70% of the turnover in the market will be executed via mobile applications.
Development of the project is supported by global ambitions of Dubai: not only to stay local digital leader, but to interact with more than 160 countries through digital platform VT Markets. «Our clients obtain access to Asia-Pacific and European markets — it means that Dubai does not just target attention, but becomes a global center of digital financial innovations,» — summarize company representatives.
