The agreement, which is the first of its kind for the UAE and Israel, will enable DIFC to further support the Emirates in facilitating economic growth from the technology and innovation sectors.
Both parties will work together on events, knowledge sharing, talent development and facilitating mutual introductions and referrals for firms keen to expand in each respective jurisdictions.
DIFC FinTech Hive, the largest financial technology hub in the Middle East, has grown to become a leading centre of innovation globally since its inception in January 2017.
Raja Al Mazrouei, Executive Vice President of DIFC FinTech Hive said, "Like Dubai, Israel is well regarded for its approach to innovation and embracing FinTech so it is important to collaborate now to share knowledge and develop the sector further. We are pleased to have partnered with FinTech-Aviv as we can achieve great things together. DIFC is now home to more than 240 FinTech related firms and the opportunities for growth are endless."
Nir Netzer, the Chairman of FinTech-Aviv said, "In this unprecedented time of reaching out to promote peace in the Middle East, we’re honoured to initiate this unique collaboration in order to facilitate the export of Israeli technologies to new markets.”