DIFC signs MOU with Etisalat to deploy new technologies

DUBAI: Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region has signed a Memorandum of Understanding (MOU) with Etisalat, the leading emerging markets telecommunications provider.

The collaboration will enable Etisalat to deploy innovative technologies in DIFC. The agreement was signed between Arif Amiri, Chief Executive Officer of DIFC Authority and Salvador Anglada, Group Chief Business Officer of Etisalat.

These include advanced telecommunication infrastructure, high-speed internet and superior mobile connectivity. DIFC will also become a preferred location for Etisalat to test and deploy new smart technologies as they are developed.

In line with Dubai’s 2021 strategy, the agreement will also allow DIFC and Etisalat to collaborate on implementing smart city initiatives utilising big data, analytics and new technology. These initiatives will allow DIFC to understand trends which will help enhance their business and lifestyle offerings.

Comprehensive building, energy consumption, waste management and vehicle parking smart systems will be explored, supporting Dubai and DIFC’S ambitions to be the region’s most sustainable city for financial services.

Commenting on the MOU, Arif Amiri, Chief Executive Officer of DIFC Authority said: “DIFC’S strategic partnership with Etisalat will help address the current and future communication and technology needs of our clients.