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PRESS RELEASE. Sheikh Hamad Rakadh Salem Hamad Alameri, a well known Sovereign Wealth Fund (SWF) member of the Royal Household in Abu Dhabi, United Arab Emirates, has formally turn into a MaskEX shareholder following the signing of a Memorandum of Understanding (MOU) to develop a wise 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 immediately 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 laws 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 Method”, Which goals to make life simpler for residents by offering a handy and safe method 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 info from fraud and identification theft.
The corporate has achieved unbelievable feats and is constructing revolutionary applied sciences for creating good cities. The partnership between MaskEX and the Sheikh was initiated due to their shared imaginative and prescient of a wise metropolis.
Up to now 12 months, the corporate bought a lot consideration from merchants and traders within the UAE market, which led to in depth analysis and the concept of creating a brand new idea of a wise metropolis within the UAE. MaskEX will use its revolutionary know-how to enhance the standard and entry to providers and improve 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 individuals and assist them adapt to good cities. As a result of MENA area’s reputation as a tourism vacation spot and its various neighborhood of expatriates, MaskEX will be capable of appeal to traders from totally different industries.
To totally understand the potential of good cities, MaskEX will work with life-style retailers. The corporate has already signed a whole lot of memorandums of understanding with retailers in varied international locations, enabling prospects to pay for merchandise, providers, and even dwelling bills with a easy scan of their pockets.
When requested in regards to the idea of a wise metropolis, Eric Yang, CEO of MaskEX, stated, “The good metropolis idea covers many sectors. Ranging from healthcare, manufacturing, and plenty of extra. Crucial is the brand new idea with our options. We shall be contributing largely to the belief of this imaginative and prescient.”
With the help of MaskEX’s new shareholder, Sheikh Hamad Bin Rakad Bin Salem Bin Rakad, MaskEX expects to create a singular atmosphere within the UAE market to draw extra FDI within the area and create revolutionary options in the marketplace. Consequently, MaskEX will transfer its headquarters from Canada to Dubai, United Arab Emirates.
The MaskEX app now offers customers entry to varied digital trade providers, which will be accessed by way of the app.
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Tata Tcholaria Advertising & PR
Electronic mail: tamar.tcholaria@mask.net
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