a company "UIS"It expects the financial technology sector in the UAE to grow by more than 6.5% next year
DUBAI, 6 MAY / WAM / Professor Jihad Vetrouni, CEO of Unlimited Insurance Services (UIS), confirmed that the Dubai FinTech Summit 2024, which began today in the emirate, consolidates the pioneering role that the UAE plays in promoting the growth of the financial and technological sector at all levels. .
Vetroni said in statements to the Emirates News Agency on the sidelines of the summit, which will be held over the course of May 6 and 7, that the UAE realizes the importance of continuing to develop the digital infrastructure to keep pace with global developments and to enhance technological investments in various fields, including the financial sector, which is witnessing progressive development.
In this context, the CEO of UIS expected that the financial technology sector in the country would witness growth exceeding 4.5% this year and more than 6.5% next year, explaining that the expectations reflect the large volume of investments that the country is pumping into this vital sector, which contributes an effective role in developing Various sectors and accelerating sustainable economic development in the Emirates.
Vetroni stressed the importance of technology in the financial sector as it is an integral part of developing the business system and financial services, explaining that modern technologies contribute to ensuring the sector’s continuous growth.
He pointed out that technology has contributed significantly to reducing costs for individuals and investors in various fields and providing qualitative opportunities for young people and future generations to have an effective presence in many sectors.
Regarding participation in the Dubai FinTech Summit 2024, Vetroni said that the UAE, by holding this summit, brings together global financial and technology markets under one dome to exchange best practices and experiences for business development and the sector as a whole, explaining that the summit is a great incentive to accelerate business development and cooperation between the various participating parties.
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