Capital.com Expands UAE Presence with New Regional Headquarters
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Capital.comThe high-growth global trading platform and fintech group whose trading volumes exceeded $1 trillion in 2023, has announced that it will join the UAE group. #nextgenerationFDI initiative for digitally enabled companies when opening a new subsidiary, Capital Com MENA Securities Trading LLC (Capital Com MENA)based in the United Arab Emirates.
The new entity will be the operational headquarters for the region as the company consolidates its position in the UAE market and looks to expand in MENA and Asia. The announcement comes after the company last week received full regulatory approval for the UAE Securities and Commodities Authority (SCA).
Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, saying,
“The UAE is attracting world-class technology companies with bold growth plans and global ambitions. These companies recognize that the UAE offers not only one of the most vibrant ecosystems in the world, but also serves as an access point to the expanding regional economies and high-growth markets of Asia and Africa.
“Our #NextGenFDI program continues to attract leading global companies and is becoming an essential pillar as the UAE seeks to attract capital in all its forms: technological, human and financial. Companies like Capital.com are helping us secure our position as one of the most dynamic and future-focused global centers in the world,”
he added.
Kypros Zoumidou, Group CEO, Capital.com, saying,
“Capital.com’s foray into the United Arab Emirates marks a significant step forward in our global growth trajectory. As a cutting-edge fintech company regulated in multiple jurisdictions, the UAE was a natural choice for our first subsidiary in the region. With its business-friendly ecosystem, supportive market entry requirements, thriving knowledge-based economy and perfect location as a base for broader expansion, the UAE continues to cement its position as a dynamic technology hub for innovative companies. with global ambitions. We look forward to joining the #NextGenFDI community.”
Capital.com is set to join the UAE #NextGenFDI Program, a government initiative that facilitates the expansion of global companies in the UAE. Previously, in 2022, it sponsored the NextGenTalent initiative, which focuses on preparing local youth for the technology sector. NextGenTalent engaged 5,000 Emirati students in advanced technology skills taught by industry leaders such as META, Oracle and Google. Through #NextGenFDI, Capital.com anticipates tapping into the UAE’s technology ecosystem and talent pool. The company also supported the activities of the Ministry of Economy at Trade Day COP 28. This move underlines Capital.com’s commitment to fostering technology talent and expanding its presence in the UAE.
News source: Emirates News Agency
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