You can be on Entrepreneur’s cover!

Dubai Holding Launches DHx, An Investment Company Focused On Young Innovative Businesses MENA entrepreneurs, here's yet another initiative from Dubai to help you scale your fledgling ventures.

You're reading Entrepreneur Middle East, an international franchise of Entrepreneur Media.

Dubai Holding
Ahmed Bin Byat, Vice Chairman & Managing Director, Dubai Holding.

MENA entrepreneurs, here's yet another initiative from Dubai to help you scale your fledgling ventures. Dubai Holding, the Dubai government-backed global investment company, has launched Dubai Holding Future Investments LLC (DHx), a regional investment enterprise that operates with the mission "to support the growth and development of young innovative businesses." With the backing of Dubai Holding's networks, assets and strategic advantages, DHx aims to help new enterprises "access capital, and specific industry expertise," to scale their ventures. With Dubai Holding's efforts being focused on supporting Dubai's transition into an innovation-led economy, the company says it recognizes the crucial role played by entrepreneurs, startups, and SME's in achieving this, and hence wants to help them grow their businesses.

Commenting on the launch, Ahmad Bin Byat, Vice Chairman & Managing Director, Dubai Holding says in a statement: "The MENA region is still in early stages compared to more developed markets in terms of investment into new ventures, especially in the technology sector. This has to change if we are to help the next generation build the successful businesses that will support our future economies. DHx seeks to identify promising companies and enable them to scale quickly and effectively, while delivering sustainable, long-term returns on investment." Khalfan Belhoul, who has been appointed CEO of DHx, says that globally, as businesses inch closer to what's being called the Fourth Industrial revolution, technology will dominate, presenting "a significant opportunity for Dubai to become a global hotbed for innovative startups, and venture capital investment."

Dubai Holding has been a consistent supporter of entrepreneurs and SMEs in Dubai, and its impact on the region's SME sector can be seen from its backing of organizations such as TECOM Group, in5, and Dubai SME, among others. More recently, in October 2016, Dubai Holding also partnered with Dubai Future Accelerators in the capacity of a founding entity, to identify and deploy of futuristic products and solutions for the Dubai's development. Further, Dubai Holding announced in November 2016 that by way of their partnership with Dubai SME, they had facilitated contracts worth AED17 million in the first half of 2016 for members of Dubai SME.

Related: Dubai Future Accelerators Invests In 19 Projects Graduating First Session Of The Program

Thought Leaders

How To Improve Your Soft Skills and Emotional Intelligence in 7 Easy Steps

Using these simple but effective approaches will help a person in their business, life and relationships.

Finance

"We Got Funded!" Tunisia-Born Clusterlab Secures US$600,000 In A Pre-Seed Funding Round With The Aim To Advance Arabic Artificial Intelligence Tech

ClusterLab is on a mission to revolutionize how Arabic content is created and consumed by leveraging the power of artificial intelligence to ensure it is more accessible and engaging for users worldwide.

Marketing

31 Ways to Market Your Business on a Budget

Using these 31 low-cost marketing ideas, you can take your business to the next level. Plus, marketing and advertising advice from industry veterans.

Business News

Kevin O'Leary Says 'Do Not' Merge Finances, Bank Accounts With Your Spouse: 'I Forbid It in My Own Family'

The "Shark Tank" star stressed the importance of keeping your "own financial identity" in a relationship.

Productivity

How I Take Advantage of My ADHD With Hyperfocus

Hyperfocus is a common but little-known asset of ADHD. It is the ability to focus intensely on something for hours or days at a time.

Starting a Business

8 Tips for Increasing Your Average Sale

Getting a few more dollars out of each customer can put startups on a fast track to success.