UAE Emerges as a Leading Start-Up Nation in Digital Assets Sector

His Highness Sheikh Saud bin Saqr Al Qasimi, Ruler of Ras Al Khaimah and Supreme Council Member, highlighted the UAE’s emergence as a “start-up nation” at the Digital Assets conference in Ras Al Khaimah. Through strategic initiatives and progressive regulations, the UAE has created an environment where diverse global talents and digital innovators can pursue their goals, Sheikh Saud noted.

 

The UAE has solidified its position as the region's leading digital assets hub, welcoming prominent players like Binance and drawing substantial international investment. Sheikh Saud credited the proactive efforts of regulatory authorities in Abu Dhabi, Dubai, and Ras Al Khaimah for transforming the UAE from a regional into a global center for digital assets.

 

Ras Al Khaimah has also established the Digital Assets Oasis (DAO), a dedicated free zone for digital and virtual assets, aiming to boost digital growth across the UAE. This week’s RAK DAO Conference, themed "Building the Future," drew over 2,000 industry leaders and professionals, reflecting the UAE’s commitment to fostering a digital-first economy.

 

The digital assets market in the UAE is projected to reach $270 million by the end of 2024, setting a strong foundation for further growth. Sheikh Saud emphasized that initiatives like the UAE National Strategy for Artificial Intelligence 2031, which aims to leverage AI for economic growth and quality of life improvements, exemplify the UAE's commitment to digital advancement.

 

RAK DAO not only offers a regulatory framework but fosters a collaborative ecosystem for entrepreneurs, investors, and developers, complete with world-class infrastructure and a business-friendly environment. Sheikh Saud shared that top blockchain and digital asset firms are increasingly choosing Ras Al Khaimah due to the emirate's progressive stance and strategic partnerships.

 

The RAK ruler concluded by underscoring that the influx of investment will create high-value jobs and attract further foreign direct investment, positioning Ras Al Khaimah and the UAE as global leaders in the digital economy.

 

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