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On the invitation Made in Armenia NGO, the Senior Director of Dubai Silicon Valley Authority, Hans Henrich Christensen, has arrived in Armenia with views of latest initiatives and cooperation within the nation’s IT sector. The VP of Dubai Silicon Oasis Authority, who’s on the third day of his go to, has studied the Armenia IT sector to establish its prospects and potentials when it comes to future investments and cooperation. Conferences have been held with the Ministers of Economic system, and Excessive-Tech Business, ISTC Basis and Union of Employers of Data and Communication Applied sciences.
As the principle goal of its exercise. Dubai Silicon Valley Authority is engaged find and financing promising IT startups. Armenian firms are additionally in amongst its goal selections.
“Over our previous couple of days in Armenia, we now have explored alternatives as to how Armenia and Dubai can cooperate with one another. We’ve got already signed a memorandum of understanding with the corporate Blockcentro, and I’m assured that extra memoranda are nonetheless to return. I’ve additionally managed to fulfill with a number of ministers and plenty of organizations and may say, on behalf of the Authorities of Dubai, that there are fantastic alternatives in Armenia, particularly in relation to the blockchain applied sciences. Over the previous years, Dubai has been aiding within the creation and promotion of startups. Immediately, our firm is the most important startup growth heart within the area, investing in startups within the format of its enterprise capital,” Mr. Christensen mentioned at a information convention as we speak, emphasizing the prevailing nice views when it comes to aiding startups.
In collaboration with Blockcentro, Dubai Silicon Valley Authority goals to create the world’s first ever government-run tokenization in Armenia. It’s an instrument implying the digitalization of belongings to allow the sale and buy of the already digitalized belongings globally.
“Such an initiative is essential particularly within the IT sector provided that startups usually want funding. Therefore tokenizing startups paves the best way for these firms to advertise their buy or sale in any a part of the world. There’s an thought to tokenize additionally Armenia’s financial system. Its digitalization will allow the state to promote its belongings – the bonds being launched, as an example – in any a part of the world. Armenia’s financial system will certainly profit from that,” mentioned Hayk Vardanyan, the founding director of Blockcentro.
Hans Henrich Christensen’s go to and conferences might construct an essential bridge between Armenia and Dubai on their method in the direction of a brand new cooperation.
The Vice President of Dubai Silicon Valley Authority emphasised blockchain applied sciences’ limitless potential and the reality of capital tokenization within the trendy world, particularly on the actual property and inventory markets.
Mr. Christensen is to signal a brand new memorandum of understanding with Made in Armenia, but each audio system of the occasion shunned unveiling many particulars on the plan for now.
Ashot Grigoryan, who’s the president of Made in Armenia NGO, mentioned dialogue are actually underway over their upcoming initiatives.
“Our imaginative and prescient is aimed on the future, and this cooperation is a step in the direction of creating that future. Developed nations pursue that path; therefore Armenia should not lag behind them. Particular initiatives have now been outlined with Dubai Silicon Valley Authority, with the 2 nations having the willingness to develop that cooperation,” Mr. Grigoryan mentioned.
Mr. Christensen expressed his firm’s curiosity in seeing the launch of Armenian IT firms’ branches in Dubai and vice versa, emphasizing the large potential of the nation’s macroeconomic sector.
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