The Booming Investment Tech Market in the UAE

The investment technology market in the UAE is set to boom, with a projected growth of 145 percent in the next two years. This sector, which uses technology to make investing more accessible and user-friendly, is expected to reach close to $325 million by 2025. The increase in investments and the number of companies in this sector is attributed to the government’s measures to attract foreign investment and the country’s long-term economic development plans. The growing standard of living and mass digitalization in the UAE are also contributing factors to this trend.

The report by UnaFinancial, a global fintech group, highlighted the impact of stock exchange listings by high-profile companies and the government’s policies to develop the domestic financial sector. These factors have led to the entry of several global companies into the country, offering online brokerage platforms and investment management apps that make it easier for people to invest their money with just a few clicks.

The UAE’s attractiveness for foreign and private investment is also supported by the growth of living standards, an increase in work and resident visas, and a shift in the geographical focus of investors due to global instability. The digital financial ecosystem in the country is rapidly developing, influenced by the favorable regulatory environment and untapped demand potential.

The report also highlighted the significant growth of the UAE’s investment technology market after 2020, driven by the country’s economic diversification drive, growing capital markets, increase in population and GDP, and the acceleration of digitalization due to the COVID-19 pandemic.

UnaFinancial is set to further drive the growth of the investment technology sector in the UAE with the launch of a digital finance app. This app will include an online investment platform, enabling clients to acquire and trade multiple asset classes like equities, forex, bonds, commodities, and derivatives. The company plans to raise up to $15 million to launch the app, which will be the first product in the Middle East for UnaFinancial.

The Singapore-headquartered fintech group has been developing easy-to-use digital financial solutions in the Middle East, Asia, and Europe, and claims to provide precise and comprehensive risk management, comfort, and speed for customers. The future looks bright for the investment technology market in the UAE, and UnaFinancial’s new app is set to make investing even more accessible and convenient for people in the region.