press launch
PRESS RELEASE. Sheikh Hamad Rakadh Salem Hamad Alameri, a widely known Sovereign Wealth Fund (SWF) member of the Royal Household in Abu Dhabi, United Arab Emirates, has formally change into a MaskEX shareholder following the signing of a Memorandum of Understanding (MOU) to develop a sensible metropolis in Dubai, United Arab Emirates.
Sheikh Hamad Rakadh Salem Hamad Alameri is a giant supporter of Abu Dhabi’s 2030 Imaginative and prescient by instantly contributing to the emirate’s social and human improvement and making a sustainable, knowledge-based nation.
MaskEX is a Canadian firm. It has efficiently fulfilled the necessities of the MSB compliance program and is now absolutely ready to adjust to the rules within the SCA and VARA compliance program in Dubai, United Arab Emirates. MaskEX has developed a fee system based mostly on the precept of “Your Pockets, Your Approach”, Which goals to make life simpler for residents by offering a handy and safe option to make funds and handle monetary transactions. As well as, the system additionally makes use of superior safety measures to guard customers’ private and monetary data from fraud and id theft.
The corporate has achieved unbelievable feats and is constructing modern applied sciences for creating sensible cities. The partnership between MaskEX and the Sheikh was initiated due to their shared imaginative and prescient of a sensible metropolis.
Previously yr, the corporate obtained a lot consideration from merchants and traders within the UAE market, which led to intensive analysis and the concept of creating a brand new idea of a sensible metropolis within the UAE. MaskEX will use its modern expertise to enhance the standard and entry to companies and enhance effectivity and sustainability. As well as, MaskEX is now collaborating with a BIG 4 audit agency to guard the ecosystem and blockchain infrastructure.
After finishing its technique and implementation for the UAE market, MaskEX plans to develop to the MENA area to serve folks and assist them adapt to sensible cities. Because of the MENA area’s reputation as a tourism vacation spot and its numerous group of expatriates, MaskEX will be capable to entice traders from completely different industries.
To totally understand the potential of sensible cities, MaskEX will work with way of life retailers. The corporate has already signed lots of of memorandums of understanding with retailers in varied international locations, enabling prospects to pay for merchandise, companies, and even dwelling bills with a easy scan of their pockets.
When requested in regards to the idea of a sensible metropolis, Eric Yang, CEO of MaskEX, mentioned, “The sensible metropolis idea covers many sectors. Ranging from healthcare, manufacturing, and lots of extra. An important is the brand new idea with our options. We will probably be contributing largely to the belief of this imaginative and prescient.”
With the assist of MaskEX’s new shareholder, Sheikh Hamad Bin Rakad Bin Salem Bin Rakad, MaskEX expects to create a singular surroundings within the UAE market to draw extra FDI within the area and create modern options in the marketplace. Consequently, MaskEX will transfer its headquarters from Canada to Dubai, United Arab Emirates.
The MaskEX app now gives customers entry to varied digital business companies, which might be accessed via the app.
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