Dubai International Financial Centre (DIFC), the leading global financial center in the Middle East, Africa and South Asia (MEASA) region, has signed a new collaboration agreement with du, Emirates Integrated Telecommunications Company (EITC), to facilitate the communication needs of the Center’s community.
As part of the partnership agreement signed between Mr. Arif Amiri, CEO of DIFC Authority, and Mr. Fahad Al Hassawi, CEO of EITC, du will implement a range of sustainable, innovative technologies within DIFC, which follows the UAE telco provider successfully implementing external 5G network capabilities at DIFC. The selected internal office spaces within the Centre will be upgraded, placing them amongst the first commercial entities nationwide to benefit from 5G technology.
‘Supersonic’ data transfer and wireless capabilities will support digital banking platforms, payments processes, and digitally-enabled parking and energy solutions, with innovative data and analytics tools also integrated for seamless continuity.
“DIFC’s strategic partnership with du will help to address the communication needs of our community, visitors and wider organization through technological advancement. Working with key partners in the region such as du aligns with our vision to drive innovation and shape the future of finance. Furthermore, this collaboration will reinforce our privileged position as the region’s leading financial hub that provides the most forward-facing, enabling environment for clients.”
Mr. Al Hassawi stated, “This agreement represents an accurate reflection of our mutual collaborative-based vision to solidify the UAE’s position as a regional innovation hub, and we are excited and proud to once again be heavily involved in an integral financial-centric smart city initiative that delivers efficient sustainable services.”
The partnership highlights du and DIFC’s shared desire to create value for businesses and the wider community while abiding by the highest possible environmental standards. Individuals and businesses are speeding up their digital agendas and flexible working options because of the ongoing pandemic, and the new initiative will support their needs and expectations.