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Dubai’s Sheikh Hamdan Launches New Digital Cloud Project
Digital Dubai, Moro Hub, and Microsoft have signed agreements to carry out the digital transformation project.
On Monday, July 10th, Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, announced the launch of a new cloud technology project to boost the Emirate’s tech infrastructure and accelerate digital transformation.
Today, we launched the Dubai Digital Cloud project, the latest in a series of initiatives aimed at reinforcing Dubai’s status as a digital economy capital and further strengthening its digital infrastructure. I also attended the signing of partnership agreements between Digital… pic.twitter.com/y0lQ940tbS
— Hamdan bin Mohammed (@HamdanMohammed) July 10, 2023
Known as Dubai Digital Cloud, the project is the latest in a series of initiatives aimed at establishing a “world-leading, efficient, agile and reliable digital infrastructure” in the Emirate, according to a press release from the government’s Media Office.
Last month, the Crown Prince also launched Dubai’s Digital Strategy, which aims to usher in a new era of digital transformation. The move comes after last year’s announcement of a Higher Committee for Government Digital Transformation, showing a continued commitment by Dubai’s government towards creating a tech-centric, future-facing economy.
As for the Dubai Digital Cloud, the project will combine various digital entities to provide high levels of operational efficiency while offering the best solutions from private to public clouds, the Dubai Media office statement explained.
“The Dubai Digital Cloud is a practical application of our leadership’s vision to promote connectivity, integration, and a comprehensive digital government that ensures agility, speed, security, and competitiveness, allowing government entities to provide integrated, proactive, round-the-clock services”, said Hamad Al Mansoori, director general of Digital Dubai.
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The adoption of cloud-based technology in the UAE and other Gulf countries is growing due to the rise of a young, technology-focused population and a dramatic increase in tech businesses relocating to the region.
Microsoft expects its cloud services to add around $40 billion and up to 100,000 jobs to the UAE’s economy before 2030, with around 17% of those figures coming from cloud data centers in Abu Dhabi and Dubai.
News
Stake Powers Instant Payouts With Checkout.com Pay To Card
The new feature lets investors in the UAE, KSA, and UK receive real estate returns in minutes — cutting withdrawal times to under 10 minutes.
Stake, a leading digital real estate investment platform, has unveiled Pay to Card, a next-generation withdrawal feature built on Checkout.com’s global payment infrastructure. The integration enables investors to have dividends and returns credited directly to their bank cards — often within minutes — dramatically reducing the traditional multi-day payout process.
After a successful pilot in May involving over 200 users, some investors reported receiving their funds in under 10 minutes. Ricardo Brizido, CPTO and Co-Founder of Stake, emphasized the importance of speed and reliability: “With Pay to Card, we’re eliminating unnecessary delays and putting returns in our investors’ hands almost instantly. This feature was built to directly solve one of the most common pain points in real estate investing, and it’s already driving strong results”.
The feature launch coincides with rapid growth in real-time finance across the Middle East. Checkout.com’s “State of Digital Commerce in MENA 2025” report highlights a 388% year-on-year surge in Account Funding Transactions (AFTs) in the UAE, reflecting strong demand for immediate payout solutions. The same study recorded a 176% increase in total processing volume from 2023 to 2024 and noted that daily online transactions have jumped 320% since 2020.
Since its 2021 debut, Stake has facilitated over AED 1 billion in property transactions, advancing its mission to democratize real estate investment in high-growth markets. By integrating Pay to Card, Stake reinforces its commitment to customer-centric innovation and operational transparency.
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Remo Giovanni Abbondandolo, General Manager for MENA at Checkout.com, praised the collaboration: “Stake has always led with customer-first financial experiences. Together, we’re meeting the expectations of a region that is no longer just digital-first, but real-time-first. Pay to Card exemplifies how modern payment infrastructure can directly solve investor pain points”.
Pay to Card is now available to all Stake users in the United Arab Emirates, the Kingdom of Saudi Arabia, and the United Kingdom. By slashing withdrawal times from days to minutes, Stake and Checkout.com are setting a new standard for seamless, on-demand real estate investing.
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