His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, on January 14, 2019, announced a new district under the name of ‘Dubai Future District’ dedicated to the new economy will take shape in Dubai.
The Dubai Future District will directly connect Dubai World Trade Centre, (DWTC), Emirates Towers, and Dubai International Financial Centre, (DIFC) via a bridge, making it the Middle East’s largest district dedicated to developing the new economy.
The new district will provide unprecedented financing and legislative facilities and options for businesses. Companies that are not ready for an IPO will be able to join the Private Market segment of the Growth Market. A company’s shares are held for safekeeping in Nasdaq Dubai’s Central Securities Depository (CSD) on Private Market. This is designed to give investors confidence and move the company into an exchange environment ahead of potential listings.