Sheikh Hamad Salem Becomes a MaskEX Shareholder as Both Parties Collaborate to Develop a Smart City in the UAE

PRESS RELEASE. Sheikh Hamad Rakadh Salem Hamad Alameri, a well-known Sovereign Wealth Fund (SWF) subordinate of the Royal Family successful Abu Dhabi, United Arab Emirates, has officially go a MaskEX shareholder pursuing the signing of a Memorandum of Understanding (MOU) to make a astute metropolis successful Dubai, United Arab Emirates.

Sheikh Hamad Rakadh Salem Hamad Alameri is simply a large protagonist of Abu Dhabi’s 2030 Vision by straight contributing to the emirate’s societal and quality improvement and creating a sustainable, knowledge-based nation.

MaskEX is simply a Canadian company. It has successfully fulfilled the requirements of the MSB compliance programme and is present afloat prepared to comply with the regulations successful the SCA and VARA compliance programme successful Dubai, United Arab Emirates. MaskEX has developed a outgo strategy based connected the rule of “Your Wallet, Your Way”, Which aims to marque beingness easier for residents by providing a convenient and unafraid mode to marque payments and negociate fiscal transactions. In addition, the strategy besides uses precocious information measures to support users’ idiosyncratic and fiscal accusation from fraud and individuality theft.

The institution has achieved unthinkable feats and is gathering innovative technologies for processing astute cities. The concern betwixt MaskEX and the Sheikh was initiated due to the fact that of their shared imaginativeness of a astute city.

In the past year, the institution got overmuch attraction from traders and investors successful the UAE market, which led to extended probe and the thought of processing a caller conception of a astute metropolis successful the UAE. MaskEX volition usage its innovative exertion to amended the prime and entree to services and summation ratio and sustainability. In addition, MaskEX is present collaborating with a BIG 4 audit steadfast to support the ecosystem and blockchain infrastructure.

After completing its strategy and implementation for the UAE market, MaskEX plans to grow to the MENA portion to service radical and assistance them accommodate to astute cities. Due to the MENA region’s popularity arsenic a tourism destination and its divers assemblage of expatriates, MaskEX volition beryllium capable to pull investors from antithetic industries.

To afloat recognize the imaginable of astute cities, MaskEX volition enactment with manner retailers. The institution has already signed hundreds of memorandums of knowing with merchants successful assorted countries, enabling customers to wage for products, services, and adjacent surviving expenses with a elemental scan of their wallet.

When asked astir the conception of a astute city, Eric Yang, CEO of MaskEX, said, “The astute metropolis conception covers galore sectors. Starting from healthcare, manufacturing, and galore more. The astir important is the caller conception with our solutions. We volition beryllium contributing mostly to the realization of this vision.”

With the enactment of MaskEX’s caller shareholder, Sheikh Hamad Bin Rakad Bin Salem Bin Rakad, MaskEX expects to make a unsocial situation successful the UAE marketplace to pull much FDI successful the portion and make innovative solutions connected the market. Consequently, MaskEX volition determination its office from Canada to Dubai, United Arab Emirates.

The MaskEX app present provides users entree to assorted integer manufacture services, which tin beryllium accessed done the app.

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