News

UAE Lets Talented Coders Apply For 100,000 Golden Visas

If the initiative turns out to be successful, other forward-thinking countries could decide to attract talent using similar methods.

Published

3 years ago

July 17, 2021

Joanna Melki

uae lets talented coders apply for 100,000 golden visas

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The UAE would like to become the region’s dominant tech hub, and that’s possible only if the country itself is home to successful tech businesses contributing to its digital economy. To achieve its goal, the country has just launched an ambitious initiative that lets talented coders from around the world apply for 100,000 golden visas.

Called the National Programme for Coders, the new initiative was launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum in cooperation with Google, Microsoft, Amazon, Cisco, IBM, HPE, LinkedIn, Nvidia, and Facebook.

“The goal is to train and attract 100,000 programmers and create 1,000 major digital companies within five years,” said Sheikh Mohammed. “The National Programme for Programmers is a new step to build our digital economy,” he added.

To be eligible, applicants must be:

Distinguished experts and talents who achieved success in various areas of coding.
Those who work for pioneering international technological firms.
Graduates of software engineering, computer sciences, hardware engineering, information technology, artificial intelligence, data science, big data, and electrical engineering.

The National Programme for Coders is available to both residents and non-residents of the UAE. All coders who meet the above-listed criteria can apply through The Office of Artificial Intelligence in the UAE government or the Federal Authority for Identity and Citizenship.

Also Read: Amazon Web Services Announces Plans To Open Data Center In UAE

It will certainly be interesting to see how many talented coders will be attracted by the opportunity to get one of thousands of UAE golden visas considering that we’re in the middle of not only a major global tech talent shortage, but also a pandemic.

If the initiative turns out to be successful, then other forward-thinking countries could decide to attract talent using similar methods, knowing that digital transformation is essential for shaping the future we seek for the next generations.

News

Mamo Completes $3.4M Funding Round To Enhance Fintech Services

The startup will use the influx of cash to expand into Saudi Arabia and across the wider GCC while improving its product offering.

Published

1 day ago

July 25, 2024

Nour Nasir

Mamo

UAE-based fintech Mamo has announced the completion of a $3.4 million funding round that will help the startup extend its market presence and improve its product offering. Investors included 4DX Ventures, the Dubai Future District Fund and Cyfr Capital.

Mamo’s platform offers “payment collection, corporate cards and expense management” to help small and medium-sized businesses consolidate and streamline their operations. With the latest influx of capital, Mamo will further develop its comprehensive suite of services and begin testing its product lines in Saudi Arabia, further extending its footprint across the GCC.

Imad Gharazeddine, co-founder and CEO of Mamo, stated: “We’ve been in the market for a while now and are incredibly proud of what our team has achieved. The holistic and expansive nature of our product offering has helped us continue to grow sustainably. This additional funding will allow us to reach our medium-term goals even faster. The support from new and existing investors is a testament to our strong expertise and the ability to deliver on our customer promise”.

Daniel Marlo, General Partner of lead investor 4DX Ventures, added: “We have immense trust in Imad’s vision, leadership and Mamo’s innovative approach to provide a user-friendly and comprehensive financial solution for SMEs that makes financial management more accessible and efficient. We are proud to partner with them and support their mission”.

Also Read: A Guide To Digital Payment Methods In The Middle East

Amer Fatayer, Managing Director of Dubai Future District Fund’s investment team, also commented: “Mamo’s localized product lines serve as an infrastructure for SME payments and spend management in UAE, a segment that is underserved by the country’s current banking infrastructure. The team has taken a product-first approach to consolidating SMEs’ financial journeys and building a fintech solution deeply embedded in a business’s core operations”.

To date, Mamo has raised around $13 million in investment funding and now boasts a team of 30 people. The company’s intuitive financial services platform has allowed over 1,000 businesses to consolidate their financial operations and significantly reduce payment fees.