THE FUTURE 100
| “In the heart of
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innovation and resilience, the Future 100 initiative signals a transformative shift toward a new economy. Commending the pioneers- the SMEs- and the collaborative spirit shaping our economic journey”
H.E. ABDULLA BIN TOUQ AL MARRI UAE MINISTER OF ECONOMY
I
am delighted to introduce the inaugural Future 100 list, a pioneering initiative by the Ministry of Economy and the Government Development and the Future Office of the United Arab Emirates. As the Minister of Economy, I take pride in presenting a snapshot of our nation’s vibrant economic landscape, marked by innovation, resilience, and a steadfast commitment to sustainable growth. In the UAE, small and medium-sized enterprises (SMEs) play a pivotal role, constituting an astounding 94% of companies, contributing 63% to the nonoil gross domestic product (GDP), and employing 86% of the private sector
workforce. These statistics underscore the undeniable significance of SMEs in achieving our economic goals, and driving the ambitious objectives outlined in the UAE Centennial Plan. The Future 100 initiative is a strategic step towards realizing our vision for a new economy, one that embraces emerging sectors such as space, renewable energy, fintech, and artificial intelligence (AI). By supporting enterprises that align with these new economy goals, our aim is to double the GDP, and create an environment conducive to sustainable growth. The initiative, therefore, serves as a catalyst for the transformation of our economic landscape, propelling us towards becoming the best and most dynamic economy in the world. Sincere commendations are extended to the founders and teams of the 100 companies featured in this report for their outstanding contributions. These enterprises are not merely economic contributors; they are pioneers, shaping a future defined by ingenuity and adaptability. In the spirit of collaboration, my profound appreciation goes to our valued partners and the entire ecosystem whose unwavering belief in the vision and collaborative efforts have played an instrumental role in bringing the Future 100 initiative to fruition. May this Future 100 report stand as a testament to the strength of our economic ecosystem, and inspire future generations to contribute to the everevolving narrative of the UAE’s economic success.
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
THE FUTURE 100
H.E. OHOOD AL ROUMI UAE MINISTER OF STATE FOR GOVERNMENT
| “The Future 100 initiative serves as an inspiration for what can be achieved when vision, talent, and determination converge, laying the groundwork for a future that reflects the ingenuity the UAE is known for.”
T
he Future 100 initiative, envisioned as a cornerstone of the UAE’s commitment to nurturing a future-ready ecosystem of entrepreneurship, stands as a testament to our nation’s resolve to not only participate in the future, but to actively shape it. It emerges as a key contributor to the “We the UAE” vision for the next decade. This initiative is more than a program; it’s a bridge connecting the visionary legacy of our founding fathers with the ambitions of our leadership, and
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
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the aspirations of a new generation of entrepreneurs. It embodies our belief in the power of collaboration- between government, industry, and the bright minds that fuel our nation’s progress. As we recount the journey and achievements of the Future 100 companies, we are not just reading about companies and their founders; we are delving into a narrative of ambition, innovation, and foresight that is unique to the UAE. Each profile, each story within these pages, reflects the ingenuity, resilience, and visionary thinking that the UAE embodies. We sought companies that are driving economic growth while championing values central to our vision– future readiness, sustainability, innovation, and a commitment to the betterment of society. From tech startups revolutionizing how we interact with the world, to sustainable ventures reshaping our environmental future, each company has been selected for its potential to contribute to the future economic and social fabric of our nation and beyond. I extend my heartfelt gratitude to everyone who has played a part in bringing the Future 100 initiative to fruition– from the Ministry of Economy and its dedicated team who co-orchestrated the program, to all our partners who believed in its vision, and most importantly, to the founders and teams of the 100 companies who are the heroes of this story. As we celebrate these companies, we celebrate the entrepreneurial spirit that is driving the UAE towards a future where possibilities are boundless, and ambitions know no limits. The Future 100 initiative serves as an inspiration for what can be achieved when vision, talent, and determination converge, laying the groundwork for a future that reflects the ingenuity the UAE is known for.
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DEVELOPMENT AND THE FUTURE
THE FUTURE 100
TOWARDS NEW PEAKS s the world is embracing the accelerating pace of change, the UAE confidently strides towards the future under the visionary leadership of H.H. Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, Ruler of Dubai, and the esteemed members of the Federal Supreme Council. Forged through the UAE’s Centennial Plan, the ongoing journey of development and growth, initiated by the founding fathers, persists with the aim of propelling the UAE to become the world’s premier nation within the next 50 years. The “We the UAE 2031” stands as a testament to the visionary foresight of the UAE government, forwarding the nation towards a new society, economy, diplomacy, and ecosystem. The Forward Economy pillar serves as a dynamic force, propelling transformative change to shape the UAE’s economic landscape. It is where the UAE aspires to forge an economy that is not only competitive but
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A
also experiences exceptional growth rates, characterized by diversification and high value in emerging strategic growth areas. The vision seeks excellence in promising future sectors, solidifying the UAE’s position as a preeminent economic power. It aims to unleash Emirati human potential, welcome diverse perspectives, and attract global talent. Creating an environment that fosters innovation, aligns with international standards, and supports pioneering research and development is pivotal. Such an environment is essential for entrepreneurs, enabling the private sector to play a pivotal role in shaping the economy of the future. Forward Economy Pillars 1. Cultivating the most dynamic and competitive economy. 2. Nurturing a competitive, flexible, and highly productive human capital. 3. Establishing an advanced, creative environment that pioneers the future. The Future 100 initiative was strategically conceived as one of the instruments to construct an advanced and creative environment for the future. The identification, recognition, and acceleration of the best companies in the UAE that advance future economic sectors, create a conducive space for the progression and the cultivation of exceptional talent. It serves as a platform where companies gain strategic visibility and access to further growth through the attraction of funding, business opportunities, and valuable partnerships.
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
THE FUTURE 100
| FUTURE TECHNOLOGIES |
| FUTURE INDUSTRIES |
3D PRINTING
ADVANCED MANUFACTURING
FINTECH
AI-BASED SERVICE OPTIMIZATION
AGRITECH
HEALTH TECH
BLOCKCHAIN
BIOTECHNOLOGY
INTELLIGENT MOBILITY
INTERNET OF THINGS
CREATIVE INDUSTRIES
RENEWABLE ENERGY
ON-DEMAND ECONOMY
CYBERSECURITY
SPACE
ROBOTICS
EDUTECH
SUSTAINABILITY & ENVIRONMENT
SHARING ECONOMY WEB3
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
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E
Embracing future sectors and technologies is paramount not only to position nations at the forefront of global competitiveness, but also to ensure resilience in an ever-evolving economic landscape, reinforcing the foundation for future prosperity. Leading entrepreneurship ecosystem stakeholders in the UAE have collectively joined efforts to support the identification of the most potential candidates. The initiative focuses on startups and scaleups with significant operations in the UAE and not exceeding 250 full-time employees. We are proud to publish the first list of leading enterprises in the UAE making promising contributions to the country’s future economic sectors. We are thrilled at reaching this milestone; putting some of the best future companies in the spotlight will lead not only to their growth, but also to the advancement of the entire entrepreneurship ecosystem and the UAE economy as a whole. Future 100 companies will receive access to acceleration benefits provided by esteemed acceleration partners, including access to funding, discounted financing and banking services, entrepreneurship acceleration programs, and business contracts.
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ntrepreneurs serve as the catalysts, creators, and drivers of the new future, steering innovation and economic transformation. The Future 100 initiative, championed by the UAE Ministry of Economy and the Government Development and the Future Office, casts a spotlight on the human talent developing solutions propelling the UAE towards the most dynamic and competitive economy. Aligned with the Forward Economy pillar of the “We the UAE 2031” vision, this national initiative is crafted to identify, recognize, and accelerate the most exemplary companies in the UAE’s future economic sectors.
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BUILDING THE UAE’S FUTURE ECONOMIC SECTORS
THE FUTURE 100
FUTURE 100 PARTNERS Strategic
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Acceleration
Community
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
THE FUTURE 100
FUTURE 100 COMPANIES OVERVIEW uture 100 companies were selected through direct applications and nominations made by leading UAE entrepreneurship ecosystem stakeholders. After receiving 1000+ direct applications and nominations, shortlisted applicants engaged in 200+ online interviews with 45 subject matter experts. The criteria based on which the applicants were assessed included innovativeness, business model viability, market potential, and environment, sustainability, and governance (ESG). The companies are listed in alphabetical order, and the list is applicable to the year 2023.
F
Founder Nationality
The Future 100 companies comprise 26 nationalities.
Startups
Avg. number of full time employees
12
Gender 18% FEMALE
Avg. revenue in past 12 months
82%
AED 1.200.000
MALE
Scaleups
Avg. number of full time employees
Maturity
37
39%
SCALEUPS
61%
STARTUPS
Avg. revenue in past 12 months
AED 10.000.000 100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
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Sector
THE FUTURE 100
ABHI
2021
FINTECH
Financial benefit and wellness solution offered to employees, providing them with early access to their earned wages.
ACX
2019
FINTECH
A proprietary exchange platform built for the streamlined transaction of environmental assets.
ALESCA TECHNOLOGIES
2013
AGRITECH
AI-enabled turnkey vertical farms and precision agriculture solutions.
ALMENTOR
2016
EDUTECH
Pioneering video learning in MENA through the largest library of video-based online learning, across a wide range of subject areas.
APPRO
2022
FINTECH
Banking onboarding platform facilitating instant processing and approvals.
AR ENGINEERING
2019
EDUTECH
Immersive technology platform for learning and training, designed to bridge knowledge and skills gaps for both academia and enterprises.
ARABEE
2017
EDUTECH
Revolutionary Arabic language learning: interactive, engaging, offline, and online tools catering to diverse learning styles.
ARCHIREEF
2020
SUSTAINABILITY & ENVIRONMENT
Nature-based biomimicry solution to aid the restoration of degraded coral reefs.
ARROW LABS
2018
OTHER / TECHNOLOGY
Data-driven service delivery management software for critical industries and utilities.
ASTRA TECH
2022
FINTECH
MENA region’s leading consumer technology holding group, creating the world’s first inclusive ultra app with over 150 million users.
AUMET
2016
HEALTHTECH
AI-driven healthcare data analytics. AI-driven pharmacy procurement automation.
AURA
2021
FINTECH
Helping businesses sell contextually relevant insurance at checkout.
AYA
2023
SUSTAINABILITY & ENVIRONMENT
Bringing together the best of Web3 and crowdfunding to bridge climate finance.
BARAKA
2021
FINTECH
Revolutionizing investing by making trust, education, and product innovation the cornerstone of every individual’s financial journey.
BAYTUKUM
2021
FINTECH
Regulated crowdfunding platform for real estate investments that enables everyday individuals to co-own properties with as little as AED 5,000.
CAMB.AI
2022
CREATIVE INDUSTRIES
Revolutionary AI-driven platform for ultra-realistic localization and dubbing in over 120 languages.
CARBONSIFR
2023
SUSTAINABILITY & ENVIRONMENT
AI-enabled climate-tech platform enabling businesses to easily measure, reduce, and remove their carbon footprint.
CIRCA BIOTECH
2020
BIOTECHNOLOGY
Upcycling food waste into sustainable aviation fuel using industrial insect farming.
CYCLED TECHNOLOGIES MIDDLE EAST
2017
SUSTAINABILITY & ENVIRONMENT
Community recycling made easy and rewarding by leveraging AI technology to achieve source sorting.
DEMOCRANCE
2015
FINTECH
Enterprise B2B Software-as-a-Service for insurance in emerging markets.
DESERT CONTROL
2018
AGRITECH
Nanotech solutions transforming sand into soil in 7 hours.
DESIGNHUBZ
2019
CREATIVE INDUSTRIES
SaaS platform empowering eCommerce shopping with 3D & Virtual Try-On AR technologies.
DESOLENATOR
2013
RENEWABLE ENERGY
The world’s first circular solar desalination system - tapping into abundant sea and sun to produce clean water from complex sources.
DIAGNIO
2022
HEALTHTECH
First express diagnostics for hormonal health and fertility.
DIGITAL ENERGY
2016
SUSTAINABILITY & ENVIRONMENT
Empowering industries with innovative AI solutions for sustainable and efficient environmental stewardship.
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FUTURE 100 LIST - 2023
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
2019
OTHER / TECHNOLOGY
SaaS B2B platform automating global trade through an ecosystem of services.
DOCTOORI CONNECT
2021
HEALTHTECH
Personalizing health journeys through specialized diagnostics and expert coaching.
DRIVU
2017
OTHER / TECHNOLOGY
Enabling drive-thru economy for all.
DUVERSE
2022
EDUTECH
A Dubai-born and based company offering turnkey Metaverse & Artificial Intelligence solutions to enhance the performance of various sectors.
EFUNDER.AI
2020
FINTECH
AI-driven digital financing platform for SMEs.
ENERWHERE
2012
RENEWABLE ENERGY
Data-driven solar utility company providing clean, reliable energy with modular solar-hybrid mini-grids.
ESAAL SOLUTION
2021
FINTECH
Enabling digital transformation using transactional data.
EUREKA.AI
2016
FINTECH
AI-as-a-service platform for telecom operators.
EXSURGO
2015
HEALTHTECH
Chronic pain management evolved through leveraging neuroplasticity.
FALCON ROBOTICS
2018
SPACE
AI models for autonomous navigation, data analysis, space missions, and an AI-powered platform that connects any software and/or databases and robotics.
FARMIN
2021
SPACE
Near-real-time critical insights from space.
FINFIX
2021
FINTECH
Flexible workplace savings for SMEs in the MENA region.
FOLOOSI
2019
FINTECH
Software and APIs to accept payments and manage transactions.
FORTYGUARD
2020
SUSTAINABILITY & ENVIRONMENT
Urban temperature data solutions, using AI-powered software, offered to B2B markets to enable cooling down cities.
FUZE
2022
FINTECH
Digital asset infrastructure platform, enabling financial institutions to embed digital asset products natively into their apps.
GRACIA GROUP
2016
AGRITECH
An innovative model of future farming, a platform to combine all key players in the sectors of agriculture and sustainability.
HEROGO
2020
SUSTAINABILITY & ENVIRONMENT
MENA’s pioneer grocery subscription service reducing food costs by fighting food loss and waste.
HYDRO WIND ENERGY
2020
RENEWABLE ENERGY
Harnessing offshore wind in deep waters for power generation with built-in energy storage.
HYVEGEO
2023
SUSTAINABILITY & ENVIRONMENT
Capturing CO2 and greening the desert using micro-algae.
IFARM
2017
AGRITECH
Economically efficient and data-driven indoor farms.
JALEBI.IO
2021
SUSTAINABILITY & ENVIRONMENT
AI-enabled SaaS for millions of restaurants, saving billions in unoptimized inventory costs.
KEYPER
2022
FINTECH
Rent facilitation platform for Dubai tenants to pay monthly and landlords to get paid upfront.
KLAIM
2019
FINTECH
Insurance claims payment acceleration solution.
KYMA
2021
SUSTAINABILITY & ENVIRONMENT
Cleaning chemicals using chemical and technological innovations to make our products more eco-friendly.
LETSWORK
2019
OTHER / REAL ESTATE
MENA’s first offices, meeting room, and workspace membership platform.
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THE FUTURE 100
LOGISTI
2020
OTHER / LOGISTICS
Revolutionary platform creating smart solutions for logistic and storage requirements between businesses and consumers.
LUNE
2020
FINTECH
AI-driven transaction enrichment and analytics platform for financial institutions.
LYVE GLOBAL
2016
OTHER / TECHNOLOGY
Empowering businesses to digitize their customers’ journey from order to payment to delivery.
MAANA ELECTRIC
2018
RENEWABLE ENERGY
First automated solar panel factory.
MADARI SPACE LIMITED
2023
SPACE
Sustainable data storage solutions in space, ensuring efficient and eco-conscious management of information beyond Earth.
MANHAT
2019
SUSTAINABILITY & ENVIRONMENT
Sustainable water production inspired by nature.
MARSES ROBOTICS
2021
ADVANCED MANUFACTURING
Manufacturing and providing AI-robotic solutions for the retail, hospitality, education, and health sectors with a new business model.
MEERANA TECHNOLOGIES
2022
OTHER / TECHNOLOGY
AI-driven B2B one-stop smart office application and legal application.
MICROPOLIS DIGITAL DEVELOPMENT
2014
INTELLIGENT MOBILITY
Automating and augmenting large operations through robotics and AI.
NABTA HEALTH
2017
HEALTHTECH
Combining the best of digital and traditional care along clinical pathways to accelerate the diagnosis and treatment of chronic diseases in women.
NADEERA TECHNOLOGIES
2021
SUSTAINABILITY & ENVIRONMENT
Instilling circular economy practices through technology-enabled interventions.
NEUTRAL FUELS
2011
SUSTAINABILITY & ENVIRONMENT
Locally produced ultra-low carbon biofuel made from local waste, immediately reducing the carbon footprint by up to 86% without any engine modifications.
NUTRALIS
2023
HEALTHTECH
A nutraceutical certification institute to certify and claim and rate claims on the content and quality of nutraceutical products.
P4ML
2023
HEALTHTECH
World-class proprietary analytical capabilities will change the way care is delivered to patients with the rarest of diseases.
PRAVICA
2020
OTHER / WEB 3.0
Highly scalable, open-source, decentralized, and secure blockchain-based communication infrastructure.
PREDICTIV CARE
2020
HEALTHTECH
AI-driven personalized human digital twins for predictive and preventive healthcare.
PROGNICA LABS
2019
HEALTHTECH
Cancer diagnostics and treatment through the power of Artificial Intelligence and machine learning, improving clinical outcomes and reducing costs.
PURE HARVEST
2017
AGRITECH
A mission-driven, technology-enabled agribusiness focused on year-round, sustainable production of premium-quality fresh fruits and vegetables.
QS MONITOR
2019
AGRITECH
Smart food safety and traceability solution.
RAZRLAB
2017
INTELLIGENT MOBILITY
IoT platform connecting the physical world into the digital realm.
REBOUND
2021
SUSTAINABILITY & ENVIRONMENT
A global quality-assured trading platform that enables buyers and sellers to efficiently trade recycled plastic.
REMITEX
2020
FINTECH
Fully scalable integrated low-code anti-money laundering tool with AI prowess.
REST HERO
2022
OTHER / E-COMMERCE
AI-powered social media commerce platform, enabling retailers and home-based businesses to sell directly on all social media.
REVENT
2022
SUSTAINABILITY & ENVIRONMENT
Tech-enabled trust in pre-owned electronic devices.
SADEEM SPACE
2023
SPACE
Innovative Satellite Solutions: Compact, powerful, reliable, enabling groundbreaking space missions with cutting-edge technology.
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TECHNOLOGIES
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
SPACE
Near-real-time EO data and analytics independent of weather conditions.
SARWA
2017
FINTECH
A one-stop-shop financial technology platform for investing and money management.
SEAFOOD SOUQ
2018
SUSTAINABILITY & ENVIRONMENT
A digital platform for global seafood supply chains, providing efficiency, transparency, and traceability.
SHAFFRA
2022
OTHER / AI
Revolutionizing the Metaverse with AI-driven workforce, shaping tomorrow’s digital realms today.
SILA
2018
OTHER / AI
Revolutionizing Arabic language analysis with AI-powered sentiment and dialect understanding for unparalleled market insights.
SINTEREX
2017
ADVANCED MANUFACTURING
Last-mile manufacturing enabling companies to make mission-critical parts where and when they are required.
SPIDERSILK
2019
CYBERSECURITY
AI-powered external exposure management platform for complete visibility into cyber threats.
SULMI
2019
INTELLIGENT MOBILITY
Advanced electric motorbike with an intelligent rider assist system.
SWFTBOX
2020
INTELLIGENT MOBILITY
AI-powered platform offering retailers same-day shipping through a courier network.
THE WASTE LAB
2021
SUSTAINABILITY & ENVIRONMENT
Impact-driven, data-focused, and tech-enabled company that is diverting food waste from landfills through nature-based repurposing solutions.
UDENZ
2016
HEALTHTECH
The first AI-powered platform for dental diagnostics and practice management, offering Dental-as-a-Service.
UDRIVE
2016
INTELLIGENT MOBILITY
Delivering on-demand mobility through its digital ecosystem, Udrive is the largest car-sharing platform in the region.
UKTOB.AI
2023
OTHER / AI
Generative AI Platform and AI agents for MENA.
VALEO HEALTH
2021
HEALTHTECH
User-centric healthcare journeys for control and empowerment.
VERITY
2021
FINTECH
Family money management and financial literacy app, paired with a prepaid debit card for youth.
VEROFAX
2018
SUSTAINABILITY & ENVIRONMENT
Global trade compliance management solution, powered by digital commodity passports for automated verification.
VUZ
2017
CREATIVE INDUSTRIES
The leading immersive social video platform.
WELLX
2021
FINTECH
Prevention-focused digital health insurance platform.
WEWALK
2020
INTELLIGENT MOBILITY
Leveraging cutting-edge tech and AI, creating revolutionary accessibility tools for society, driven by lived experiences.
XARE
2021
FINTECH
World’s first credit/debit card sharing platform.
YABI BY SOUQALMAL
2022
EDUTECH
The first financial education platform in the UAE.
ZENDA
2021
OTHER / TECHNOLOGY
A modern app for families that simplifies discovery and payments for tuition and education-related services.
ZEST EQUITY
2021
FINTECH
Digital infrastructure to power private market transactions.
ZIWO
2011
OTHER / TECHNOLOGY
Leading cloud-based telephony system in the Middle East.
ZYWA
2021
FINTECH
First gamified community-based payments app and Mastercard prepaid card exclusively tailored for Gen Z in the Middle East.
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THE FUTURE 100
THE FUTURE 100
“IN A WORLD WHERE WE CAN INSTANTLY ACCESS GROCERIES, SERVICES, LUXURIES AND MORE WITH A SIMPLE CLICK, WHY SHOULD WE HAVE TO WAIT UNTIL THE END OF THE MONTH TO ACCESS OUR SALARIES? WE AT ABHI BELIEVE THAT THE TIME TO PRO-
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VIDE EMPLOYEES WITH INSTANT ACCESS TO THEIR EARNED WAGES IS NOW!”
| OMAIR ANSARI, CO-FOUNDER AND CEO, ABHI |
Abhi www.abhi.ae | FOUNDED IN
2021 | SECTOR
FINTECH | LOCATION
ABU DHABI
A FINANCIAL BENEFIT AND WELLNESS SOLUTION OFFERED TO A BUSINESS’ EMPLOYEES, PROVIDING THEM WITH EARLY ACCESS TO THEIR EARNED WAGES.
Abhi aims to be the first company in the UAE to offer earned wage access and invoice factoring solutions to corporates and their employees, across the region. Abhi’s embedded finance platform provides instant credit access, aiding businesses, employees, and vendors to bridge payment gaps. Having partnered with 450+ companies, Abhi, which is licensed by both Abu Dhabi General Market and Dubai International Financial Centre, thus aims to drive economic growth. In 2023, it became the first fintech enterprise in the MENAP region to be recognized as a Technology Pioneer by the World Economic Forum.
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
THE FUTURE 100
ACX | FOUNDED IN
2019 | SECTOR
FINTECH
A PROPRIETARY EXCHANGE PLATFORM BUILT FOR THE STREAMLINED TRANSACTION OF ENVIRONMENTAL ASSETS.
| LOCATION
|
ABU DUBAI
ACX operates the world’s first recognized investment exchange for environmental instruments in Abu Dhabi. It caters to corporates, financial traders, carbon project developers, and other industry stakeholders. ACX provides participants with an efficient and transparent trading platform that is user-friendly, seamless and offers the lowest transaction fees in the market. Leveraging distributed ledger technology, ACX facilitates and scales growth of the environmental product markets to align with global ambitions of achieving net zero.
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www.acx.net
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| THOMAS MCMAHON AND WILLIAM PAZOS, CO-FOUNDERS AND CO-CEOS, ACX |
“Once ACX’s clearing house is operational, it will provide companies across the world access finance by using their carbon holdings as collateral. If global ambitions for climate are to be met, carbon credits will have to become a larger asset class than oil! And if the UAE continues to work with ACX to build the wider carbon ecosystem, then it will become one of, if not the, major trading centers of the world for carbon credits.”
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
THE FUTURE 100
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“Alesca has localized key agritech research and development and manufacturing capabilities in the UAE. For Aramco’s flagship vertical farming project in Dammam, Alesca manufactured the modular structures in Ajman, assembled the indoor growing systems in Dubai, and completed the installation and commissioning in Saudi Arabia. Alesca is also partnering with major real estate developers (Emaar, Aldar, Sustainable City, Masdar City, Expo City) in the UAE to grow fresh produce directly in residential communities and commercial properties to significantly reduce logistical miles, food waste, and resource use.”
| STUART ODA, FOUNDER AND CEO, ALESCS TECHNOLOGIES |
Alesca Technologies www.alescalife.com
| FOUNDED IN
2013 | SECTOR
AGRITECH | LOCATION
DUBAI
AN ENTERPRISE OFFERING ARTIFICIAL INTELLIGENCEENABLED TURNKEY VERTICAL FARMS AND PRECISION AGRICULTURE SOLUTIONS.
Alesca’s vision is to democratize access to fresh and nutritious food by democratizing the means and knowledge of production. Its mission is to develop a hardware, software, and data ecosystem to enable anyone anywhere to grow safe, nutritious, fresh produce in their own communities. In order to accomplish this, the company has developed patented turnkey vertical farms, operational management software, artificial intelligence (AI)-enabled internet of things (IoT) devices, multi-spectral cameras, and computer vision platforms to grow over 100 varieties of fresh produce, flowers, and fruit saplings using 90-99% less water, fertilizer, and land compared to traditional farms, with no need for chemical pesticides or genetically modified organisms (GMOs). Alesca is a true system innovator that has developed all core technology in-house, and it has built one of the most robust hardware and electronic supply chains in the global agritech sector.
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
THE FUTURE 100
Almentor www.almentor.net THIS ENTERPRISE IS PIONEERING VIDEO LEARNING IN THE MENA THROUGH THE LARGEST LIBRARY OF VIDEO-BASED ONLINE LEARNING ACROSS MANY SUBJECT AREAS.
| FOUNDED IN
2016 | SECTOR
EDUTECH | LOCATION
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DUBAI
Almentor has a robust base of over two million registered learners, strategically aiming to engage and sustain ten million recurrent self-learners from the Arab region. It provides diverse solutions encompassing B2C and B2B subscriptions, as well as bespoke B2G project initiatives. Initially conceived as a regional leader in video-based learning, Almentor is pioneering a distinctive edutainment sector through its innovative movie-based learning experiences. Almentor extends beyond the confines of a traditional edtech company, emerging as a potent “soft power” media entity that promotes both individual and professional advancement.
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| IHAB FIKRY, CO-FOUNDER AND CEO, AND IBRAHIM KAMEL, CO-FOUNDER AND COO, ALMENTOR |
“LEARNING IS A LIFELONG JOURNEY, AND ALMENTOR IS THE ENDURING PARTNER IN THIS QUEST FOR INDIVIDUALS, GOVERNMENTS, AND THE PRIVATE SECTOR. OUR COMMITMENT EXTENDS ACROSS THE UAE AND MENA REGION, FOSTERING HOPE AND NURTURING TALENT. ECONOMICALLY, ALMENTOR IS NOT JUST A SUCCESSFUL AND SUSTAINABLE ENTITY IN THE REGIONAL ENTREPRENEURSHIP LANDSCAPE, BUT A CORNERSTONE FOR COMMUNITY GROWTH AND EXCELLENCE.”
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
THE FUTURE 100
“SIMPLIFYING BANKING ONBOARDING ENHANCES EFFICIENCY AND CONVENIENCE, FOSTERING A MORE COMPETITIVE AND DYNAMIC FINANCIAL SECTOR. IT ENABLES RAPID ACCESS TO BANKING SERVICES, PROMOTES DIGITAL TRANSACTIONS, ACCELERATES ECONOMIC ACTIVITIES, AND ENCOURAGES FINANCIAL INNOVATION.”
Appro www.appro.ae | FOUNDED IN
2022 | SECTOR P 22
DUBAI
F U T U R E 1 0 0 . A E
| LOCATION
|
FINTECH
APPRO IS A BANKING ONBOARDING PLATFORM FACILITATING INSTANT PROCESSING AND APPROVALS.
Appro is a banking onboarding platform enabling its partner banks to offer instant banking facility approval with zero manual data entry or back-end operational efforts, while complying with all regulatory and risk requirements.
| TAREK OSMAN, CO-FOUNDER AND CCO, IFTEKHAR SALIM, CO-FOUNDER AND CEO, ANTO FELIX, CTO, APPRO |
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
THE FUTURE 100
AR Engineering www.arengineering.tech | FOUNDED IN
2019 | SECTOR
EDUTECH | LOCATION
SHARJAH
AR ENGINEERING OFFERS AN IMMERSIVE TECHNOLOGY PLATFORM FOR LEARNING AND TRAINING DESIGNED TO BRIDGE KNOWLEDGE AND SKILLS GAPS FOR ACADEMIA AND ENTERPRISES.
F U T U R E 1 0 0 . A E
|
P 23
| AKRAM AMIR, FOUNDER AND CEO, MOHAMMAD AL HILALI, CO-FOUNDER AND CHIEF ENGINEER, YASIR AL HILALI, CO-FOUNDER, AR ENGINEERING |
AR Engineering, an Emirati company founded in 2019, is a leading player in augmented reality (AR) software technology. In 2023, AR Engineering received backing from the Tawazun Council and Boeing Aerospace Xelerated program. With a significant influence on major organizations in various sectors like aerospace, defense, oil and gas, medical, and academia, AR Engineering is pioneering learning and professional development transformation through immersive AR solutions.
“AR Engineering’s groundbreaking technology is pivotal in addressing the intricate demands of crucial engineering sectors, such as aerospace and manufacturing. In these fields, which are vital for the economic growth of the UAE, our immersive AR solutions are instrumental in training the next generation of Emirati talent. By offering advanced training experiences, we empower young individuals with the skills to compete globally. AR Engineering actively positions the UAE as a competitive force among leading nations, fostering innovation and sustainability in key sectors.”
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
THE FUTURE 100
“OUR COMPANY PLAYS A PIVOTAL ROLE IN SHAPING THE UAE’S FUTURE BY CHAMPIONING ARABIC LANGUAGE EDUCATION. WE ARE DEDICATED TO EMPOWERING THE NATION’S YOUTH WITH COMPREHENSIVE, INNOVATIVE TOOLS THAT FACILITATE FLUENCY IN ARABIC. BY PROMOTING LINGUISTIC PROFICIENCY, CULTURAL UNDERSTANDING, AND ACADEMIC EXCELLENCE, WE CONTRIBUTE TO NURTURING A SKILLED WORKFORCE ADEPT IN COMMUNICA-
F U T U R E 1 0 0 . A E
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TION, FOSTERING NATIONAL UNITY, AND PRESERVING CULTURAL HERITAGE.”
| HALA AL ALI, CO-FOUNDER, LENKA BASWEIDAN, FOUNDER, SAEED BASWEIDAN, FOUNDER AND CHAIRMAN, FERAKH LAKHANY, CO-FOUNDER, ARABEE |
Arabee www.arabeelearning.com | FOUNDED IN
2017 | SECTOR
EDUTECH | LOCATION
DUBAI
ARABEE OFFERS REVOLUTIONARY ARABIC LANGUAGE LEARNING: INTERACTIVE, ENGAGING, OFFLINE AND ONLINE TOOLS CATERING TO DIVERSE LEARNING STYLES.
Arabee is a pioneering educational platform specializing in Arabic language learning. Its core purpose revolves around making Arabic education engaging and accessible for learners of all ages. It offers a diverse suite of interactive tools as well as a comprehensive curriculum that covers reading, writing, speaking, and listening skills. What sets Arabee apart is its commitment to catering to various learning styles -audio, kinaesthetic, reading, and writingthrough both online and offline tools. It also supports teachers and students with teacher resources, content, and an app to ensure maximum retention. Its unique value proposition is providing a seamless, internationally accredited curriculum designed to foster a deeper understanding and proficiency in Arabic. Arabee thus aims to revolutionize language learning by combining innovation, interactivity, and inclusivity, empowering learners worldwide to master Arabic effectively, and with enthusiasm.
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
THE FUTURE 100
Archireef
| SECTOR
SUSTAINABILITY & ENVIRONMENT | LOCATION
ABU DUBAI
| VRIKO YU, CO-FOUNDERS AND CEO, DENIZ TEKEREK, CO-FOUNDER AND CCO, ARCHIREEF |
Archireef believes that active restoration and nature-positivity are critical components for the future of the world’s marine ecosystems, from shorelines to coral reefs. As a nature tech company, Archireef focuses on restoring coral reefs, with its reef tiles serving as a substrate for corals, accelerating their recovery in particularly challenged geographies. Armed with the purpose to restore degraded marine ecosystems through a science-led approach, the company’s ultimate mission is to create coral highways, and build a global network of substrates to help save and recover coral reefs around the world.
“We’ve partnered with the Environment Agency - Abu Dhabi to help restore coral reefs across the Arabian Gulf. With this, we contribute to a healthier ecosystem critical to the world’s food supplies, coastal protection, and tourism. In addition, we are improving our understanding of the potential for super corals, something the UAE could be at the forefront of.”
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
|
2020
ARCHIREEF OFFERS A NATURE-BASED BIOMIMICRY SOLUTION DEDICATED TO THE RESTORATION OF DEGRADED CORAL REEFS.
F U T U R E 1 0 0 . A E
| FOUNDED IN
P 25
www.archireef.co
THE FUTURE 100
Arrow Labs www.arrowsecure.com ARROW LABS OFFERS DATA-DRIVEN SERVICE DELIVERY MANAGEMENT SOFTWARE FOR CRITICAL INDUSTRIES AND UTILITIES.
| FOUNDED IN
2018 | SECTOR
OTHER/ TECHNOLOGY | LOCATION
F U T U R E 1 0 0 . A E
|
P 26
DUBAI
Arrow Labs is dedicated to streamlining and enhancing service operations for vital industries and utilities. Its core objective is to optimize processes, generate cost savings, and provide substantial value to its clients and the broader economy. In pursuit of this mission, it allocates resources to advance cutting-edge artificial intelligence technology, which enables it to create software solutions that foster seamless collaboration among service teams, the machinery they employ, and the facilities they maintain, thereby uniting the entire organization.
| RAMI DARWISH, FOUNDER AND CEO, ARROW LABS |
“Arrow Labs has been instrumental in facilitating the digital transformation of prominent companies within the UAE’s critical industries sector and public service organizations. Through utilizing the Arrow Labs MIMS platform and its cuttingedge capabilities, clients witnessed a significant enhancement in efficiency, cost-effectiveness, and environmental sustainability. This transformation has reduced fuel consumption, decreased paper waste, and heightened safety for both service providers and recipients. Arrow Labs is committed to playing a pivotal role in the UAE’s ongoing digital transformation journey.”
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
| ABDALLAH ABU-SHEIKH, FOUNDER AND CEO, ASTRA TECH |
“AT THE HEART OF ASTRA TECH’S MISSION IS LAUNCHING SOLUTIONS TO SIMPLIFY EVERYONE’S LIFE, AND MAKING ADVANCED TECHNOLOGY AND ARTIFICIAL INTELLIGENCE ACCESSIBLE TO ALL. WITH OVER 150 MILLION USERS IN OVER 155 COUNTRIES, OUR USER BASE IS VAST, AND OUR OPPORTUNITIES LIMITLESS. IN THE UAE ALONE, OUR PENETRATION RATE IS ALMOST 80%. AND BEYOND THE ULTRA APP LIES ASTRA TECH’S COMMITMENT TO PROVIDING FINANCIAL SERVICES TO PEOPLE, REGARDLESS OF THEIR CIRCUMSTANCES.”
Astra Tech www.astratech.ae | FOUNDED IN
2022 | SECTOR
FINTECH | LOCATION
DUBAI
ASTRA TECH IS THE MENA REGION’S LEADING CONSUMER TECHNOLOGY HOLDING GROUP, CREATING THE WORLD’S FIRST INCLUSIVE ULTRA APP WITH OVER 150 MILLION USERS.
Astra Tech’s purpose is to simplify everyone’s life, and offer an inclusive solution that combats app fatigue, and the need to download multiple apps, while also enabling everyone to access free calls as well as a full range of fintech solutions, thereby financially empowering individuals from all walks of life. The company thus aims to create impact through accessible and inclusive communications and fintech solutions, and ultimately empower communities through technology.
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
F U T U R E 1 0 0 . A E
|
P 27
THE FUTURE 100
THE FUTURE 100
“WE WILL PROVIDE AN ARTIFICIAL INTELLIGENCE-DRIVEN FORECAST FOR MEDICINE SHORTAGES ACROSS THE UAE, WHEREBY NO PATIENT WILL EVER FACE A MEDICINE SHORTAGE IN THE COUNTRY.”
Aumet www.aumet.com | FOUNDED IN
2016 | SECTOR
F U T U R E 1 0 0 . A E
|
P 28
HEALTHTECH | LOCATION
ABU DUBAI
AUMET PROVIDES HEALTHCARE DATA ANALYTICS DRIVEN BY ARTIFICIAL INTELLIGENCE.
Aumet automates the pharmaceutical procurement supply chain by providing enterprise resource planning services that provide real-time artificial intelligence-driven healthcare data to government entities and pharmaceutical manufacturers to monitor the demand and supply of medicine nationwide.
| (STANDING) AHMAD SMADI, VICE PRESIDENT OF ENGINEERING, ADEL HADDAD, VICE PRESIDENT OF FINANCE, MOHAMMAD SHAMASNEH, HEAD OF ACCOUNTING AND FINANCE, YAHYA NAJJAR, VICE PRESIDENT OF OPERATIONS (SITTING) YAHYA AQEL, CO-FOUNDER AND CEO, MOHAMAD BATTERJEE, CO-FOUNDER AND CCO, AUMET |
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
AURA HELPS BUSINESSES SELL CONTEXTUALLY RELEVANT INSURANCE AT CHECKOUT.
| FOUNDED IN
2021 | SECTOR
FINTECH | LOCATION
DUBAI
| ARVIND VENKAT,FOUNDER, AURA |
“WE ARE ALIGNED WITH THE UAE CENTRAL BANK’S EFFORTS TO DEVELOP THE COUNTRY’S INSURANCE INDUSTRY, WHICH CONTRIBUTES TO ECONOMIC GROWTH BY PROMOTING STABILITY, ENCOURAGING INVESTMENT AND ENTREPRENEURSHIP, AND PROVIDING A FINANCIAL SAFETY NET FOR INDIVIDUALS AND BUSINESSES. WE ENDEAVOR TO CLOSE THE PROTECTION GAP FOR THE PEOPLE OF THE UAE, SO THAT THEY CAN LEAD HAPPIER LIVES, AND HAVE PEACE OF MIND.”
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
|
www.aurainsure.tech
Aura is a proudly homegrown insurtech company in the UAE built with the sole intention to democratize insurance in the MENA region, and make insurance more accessible and affordable. The company wants to assist people in buying insurance within their eight-second online attention span by integrating insurance into their routine transactions, and it does this by partnering with their preferred service providers or merchants such as e-commerce companies, ride-hailing apps, telcos, banks, exchange houses, payment wallets, etc. Aura’s value proposition for customers is access to affordable insurance products with a single click at checkout. Merchants that partner with Aura benefit from additional revenue, the value they can provide to their customers, and a strong sense of affinity they can create with them, while insurers get access to new business segments and have improved market penetration.
F U T U R E 1 0 0 . A E
Aura
P 29
THE FUTURE 100
THE FUTURE 100
“AT AYA, WE ARE BUILDING THE FIRST FULLY REGULATED WEB3 PLATFORM FOR CLIMATE FINANCE. AYA WILL WORK WITH FOUNDERS AND PROJECTS FROM THE UAE, AND HELP THEM RAISE CAPITAL FROM OUR COMMUNITY OF ACCREDITED INVESTORS, UNDERSTAND THE CARBON SEQUESTRATION FROM THEIR PROJECTS, AND ISSUE ASSET-BACKED TOKENS
F U T U R E 1 0 0 . A E
|
P 30
OR BONDS TO RAISE CAPITAL.”
| PRAKASH SOMOSUNDARAM, CO-FOUNDER AND CEO, AYA |
Aya www.aya.foundation AYA IS BRINGING TOGETHER THE BEST OF WEB3 AND CROWDFUNDING TO BRIDGE CLIMATE FINANCE.
| FOUNDED IN
2023 | SECTOR
SUSTAINABILITY & ENVIRONMENT | LOCATION
DUBAI
Aya is a climatetech launchpad and advisory platform unwaveringly dedicated to harnessing the full potential of technology to drive transformative climate solutions. As trailblazers in Web3, it embraces the power of decentralized networks and blockchain, thereby elevating its approach, and amplifying the impact of its initiatives. The company’s fully regulated platform stands to empower impact-driven visionaries to flourish and collaboratively craft sustainable projects that transcend limitations, leaving a legacy for generations to come.
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
THE FUTURE 100
Baraka www.getbaraka.com BARAKA IS REVOLUTIONIZING INVESTING BY MAKING TRUST, EDUCATION AND PRODUCT INNOVATION THE CORNERSTONE OF EVERY INDIVIDUAL’S FINANCIAL JOURNEY.
| FOUNDED IN
2021 | SECTOR
FINTECH | LOCATION
|
P 31
DUBAI
Baraka aims to foster financial empowerment with trust and integrity. By providing global market accessibility, curated financial education, and a passion for localized product innovation, the company is committed to empowering individuals in the region to own their financial future, and make informed investment decisions.
F U T U R E 1 0 0 . A E
| FERAS JALBOUT, FOUNDER AND CEO, BARAKA |
“By collaborating with local entities, we at Baraka ensure compliance and market relevance, while actively promoting financial literacy. Our efforts empower UAE residents to make informed financial decisions, ultimately contributing to the nation’s economic growth. As financial literacy grows, individuals become more adept at managing their finances, leading to higher savings rates, increased investments, and improved economic efficiency. Baraka’s presence also generates employment opportunities, further enhancing the UAE’s economic landscape.”
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
THE FUTURE 100
F U T U R E 1 0 0 . A E
|
P 32
“At Baytukum, our visionary regulated crowdfunding platform for real estate investments catalyzes a transformational shift in our nation’s trajectory. Empowering individuals to co-own properties, we fuel early entry into real estate, fostering financial independence, and igniting the journey toward generational prosperity. Our platform cultivates a distinguished community of residents, elevating their economic contributions, and propelling our nation towards a promising future.”
| LATIFA BIN HAIDER, FOUNDER AND MANAGING PARTNER, BAYTUKUM |
Baytukum www.baytukum.ae | FOUNDED IN
2021 | SECTOR
FINTECH | LOCATION
DUBAI
BAYTUKUM IS A REGULATED CROWDFUNDING PLATFORM FOR REAL ESTATE INVESTMENTS THAT ENABLES EVERYDAY INDIVIDUALS TO CO-OWN PROPERTIES FROM AS LITTLE AS AED5,000.
Baytukum is a crowdfunding platform regulated by the Dubai Financial Services Authority that enables individuals of all ages and income brackets to achieve financial prosperity by making micro-investments in real estate. The platform empowers individuals to make informed investment decisions leading to economic prosperity, and supports them on their journey towards financial independence. While Baytukum manages the investment operations from A to Z, the clients can sit back and earn a passive income from their investments, and benefit from the capital gains at the time of sale.
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
CAMB.AI OFFERS A REVOLUTIONARY ARTIFICIAL INTELLIGENCE-DRIVEN PLATFORM FOR ULTRA-REALISTIC LOCALIZATION AND DUBBING IN OVER 120 LANGUAGES.
| FOUNDED IN
2022 | SECTOR
CREATIVE INDUSTRIES | LOCATION
DUBAI
| AVNEESH PRAKASH, CHIEF EXECUTIVE OFFICER, AKSHAT PRAKASH, CHIEF TECHNOLOGY OFFICER, CAMB.AI |
“FOUNDED IN THE UAE, CAMB.AI IS REVOLUTIONIZING THE AI DUBBING INDUSTRY, AIMING TO MAKE DUBAI THE GLOBAL AI DUBBING CAPITAL, AND ADDRESS A US$300 BILLION CONTENT GAP. CAMB.AI’S CUTTINGEDGE TECHNOLOGY MEETS THE REGION’S DEMAND FOR DIVERSE GLOBAL CONTENT, POSITIONING THE UAE AS A MAJOR EXPORTER OF LOCALIZED ARABIC CONTENT.”
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
|
www.camb.ai
Camb.ai’s artificial intelligence (AI)powered dubbing platform revolutionizes content creation for both individuals and enterprises. Leveraging cutting-edge AI, it provides contextual translation and content conversion across languages. Its key innovation is zero-shot cross-lingual voice cloning, which can replicate voices in over 120 languages from a short sample, retaining the original’s emotional nuances. The platform offers precise lip-syncing, and preserves background scores for a natural viewing experience. A unique feature is its cross-lingual time sync, ensuring perfect audio-visual alignment despite language changes. Camb. ai’s technology has garnered over 250 million views globally, redefining the content landscape by making diverse, multilingual stories accessible and engaging.
F U T U R E 1 0 0 . A E
Camb.ai
P 33
THE FUTURE 100
THE FUTURE 100
“BY BOOSTING AWARENESS OF CLIMATE ACTION, WE ARE MAKING CLIMATE ACTION A DAYTO-DAY PRACTICE FOR BUSINESSES AND RESIDENTS IN THE UAE. BY ACCELERATING THE UAE’S DECARBONIZATION EFFORTS AT SCALE, WE ENGAGE WITH THOUSANDS OF SMES AND THEIR CUSTOMERS IN THE UAE, AND HELP THEM GET SOLID RETURN ON INVESTMENT ON
F U T U R E 1 0 0 . A E
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THEIR SUSTAINABILITY EFFORTS.”
| MUSTAFA BOSCA, CO-FOUNDER AND CHIEF DECARBONIZATION OFFICER, ONUR ELGUN CO-FOUNDER AND CEO, MUHAMMED YILDIRIM, CO-FOUNDER AND COO, CARBONSIFR |
CarbonSifr www.carbonsifr.com | FOUNDED IN
2023 | SECTOR
SUSTAINABILITY & ENVIRONMENT | LOCATION
ABU DHABI
CARBONSIFR IS AN ARTIFICIAL INTELLIGENCE-ENABLED CLIMATE-TECH PLATFORM ENABLING BUSINESSES TO MEASURE, REDUCE, AND REMOVE THEIR CARBON FOOTPRINTS EASILY.
CarbonSifr is a climate-tech company founded in the UAE. Dedicated to integrating climate action into everyday life, it provides artificial intelligence-enabled technology solutions to measure, reduce, and remove businesses’ carbon footprint. Recognized for its efforts, CarbonSifr is pivotal in promoting climate awareness, and accelerating climate action in the Middle East. CarbonSifr, the preferred climatetech partner of Emirates NatureWWF, is also a member of the UAE Carbon Alliance, and a proud member of Hub71, backed by Mubadala.
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
THE FUTURE 100
Circa Biotech | FOUNDED IN
2020 | SECTOR
BIOTECHNOLOGY | LOCATION
CIRCA BIOTECH UPCYCLES FOOD WASTE INTO SUSTAINABLE AVIATION FUEL USING INDUSTRIAL INSECT FARMING.
ABU DHABI
Circa Biotech has developed a highly sustainable process and a commercially viable solution to locally produce a highly nutritious animal feed and sustainable aviation fuel using beneficial insects reared on food waste. From the current 15 tons per day processing capacity, it is planning to scale up to process 200 tons of food waste daily in three years. That, in turn, will allow the company to produce 22,000 tons of animal feed annually, 12,100 tons of sustainable aviation fuel, and reduce 3,500 tons of methane emissions.
F U T U R E 1 0 0 . A E
|
| DR. HAYTHEM RIAHI, CO-FOUNDER AND CEO, DR. LIUDMILA PROZOROVA, CO-FOUNDER AND COO, CIRCA BIOTECH |
P 35
www.circabio.tech
“Circa Biotech’s efforts in developing alternatives to petroleum-based products, like sustainable aviation fuel, support the nation’s economic diversification and green energy goals. Collaborations with significant industry players bolster the UAE’s standing in global markets, and Circa Biotech’s initiatives are pivotal in driving technological advancement job creation, and positioning the UAE as a leader in sustainability and clean energy.”
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
THE FUTURE 100
Cycled Technologies www.cycled.no | FOUNDED IN
2017 | SECTOR
SUSTAINABILITY & ENVIRONMENT | LOCATION
CYCLED TECHNOLOGIES MAKES COMMUNITY RECYCLING EASY AND REWARDING BY LEVERAGING ARTIFICIAL INTELLIGENCE TECHNOLOGY TO ACHIEVE SOURCE SORTING.
Cycled Technologies exists to uncover the hidden treasure in “waste.” Its approach to accomplishing this involves synergizing the capabilities of both humans and machines in executing front-end sorting, specifically by integrating social interactions (incentives) and rigorous logic (sorting).
F U T U R E 1 0 0 . A E
|
P 36
DUBAI
| AYOOLA BRIMMO, CO-FOUNDER AND COO, CYCLED TECHNOLOGIES |
“WE HAVE DEVELOPED A PLATFORM THAT WILL ENABLE THE UAE TO MEET ITS 70% RECYCLING RATE TARGET BY 2030. WITH TECHNOLOGY DESIGNED AND BUILT LOCALLY, THE COMPANY IS PAVING THE WAY FOR HOMEGROWN DEEP TECH IN THE REGION.”
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
| ALBERTO PEREZ, CO-FOUNDER AND COO, MICHELE GROSSO, CO-FOUNDER AND CEO, DAMIAN DIMMICH, CTO, DEMOCRANCE |
“INSURTECH IS RESHAPING THE UAE’S ECONOMY BY BOOSTING EFFICIENCY AND CUSTOMER SATISFACTION THROUGH STREAMLINED PROCESSES AND USER-FRIENDLY PLATFORMS. IT FOSTERS INNOVATION, CREATING TAILORED INSURANCE PRODUCTS, ENHANCING RISK ASSESSMENT, AND DETECTING FRAUD USING ARTIFICIAL INTELLIGENCE AND ANALYTICS. INSURTECH ALSO PROMOTES FINANCIAL INCLUSION BY MAKING INSURANCE MORE ACCESSIBLE. THIS SECTOR’S GROWTH ENCOURAGES ENTREPRENEURIAL COLLABORATION BETWEEN INSURERS AND TECH FIRMS, AND ALIGNS WITH SUPPORTIVE GOVERNMENT REGULATIONS. OVERALL, IT ACCELERATES DIGITAL TRANSFORMATION, DIVERSIFIES THE ECONOMY, AND STRENGTHENS THE FINANCIAL SERVICES SECTOR IN THE UAE.”
Democrance www.democrance.com | FOUNDED IN
2015 | SECTOR
FINTECH | LOCATION
DUBAI
DEMOCRANCE PROVIDES ENTERPRISE B2B SOFTWARE-AS-A-SERVICE FOR INSURANCE IN EMERGING MARKETS.
Democrance is a B2B insurtech software-as-a-service platform that lowers the cost of selling and servicing insurance, so that insurers can sell profitably to lower-income segments and digital natives. From our home in Dubai, UAE, we are present in 16 markets across the MEA, South East Asia, and Latin America, helping insurers increase their digital sales, and access new, underserved customer segments. Thanks to Democrance, more than a million customers can buy and use insurance, most of them for the first time.
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
F U T U R E 1 0 0 . A E
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P 37
THE FUTURE 100
THE FUTURE 100
Desert Control www.desertcontrol.com | FOUNDED IN
2018 | SECTOR
AGRITECH | LOCATION
Desert Control’s patented liquid natural clay (LNC) restores and enhances soil ecosystems to reduce water usage, while also improving the efficiency of fertilizers and natural resources for agriculture, forests, and green landscapes. LNC enables sandy and arid soil to retain water and nutrients, thus increasing crop yields, plant health, and ecosystem resilience, while also preserving water and natural resources by up to 50%.
F U T U R E 1 0 0 . A E
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ABU DHABI
FROM SAND TO SOIL IN SEVEN HOURS: DESERT CONTROL IS A COMPANY SPECIALIZED IN CLIMATE-SMART AGRITECH SOLUTIONS TO COMBAT DESERTIFICATION, SOIL DEGRADATION, AND WATER SCARCITY.
| OLE KRISTIAN SIVERTSEN, PRESIDENT AND GROUP CEO, DESERT CONTROL |
“Desert Control’s liquid natural clay is revolutionizing the UAE’s agricultural and ecological landscapes. Converting sandy soils into fertile land boosts agricultural potential, supporting the UAE’s vision for sustainable ecosystems and food security. This innovative approach significantly cuts water usage in the UAE’s arid climate, aligning with national goals to combat desertification and climate change. Desert Control is thus helping position the UAE as a global leader in sustainable practices and environmental stewardship, thereby shaping the country’s future.”
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
THE FUTURE 100
“THROUGH CREATING INNOVATION FROM THE UAE, AND SCALING IT TO GLOBAL MARKETS, DESIGNHUBZ IS CONTRIBUTING TO SHAPING THE FUTURE
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OF THE COUNTRY.”
| NADIM HABR, CEO, DESIGNHUBZ |
Designhubz www.designhubz.com | FOUNDED IN
2019 | SECTOR
CREATIVE INDUSTRIES | LOCATION
ABU DHABI
DESIGNHUBZ IS A SOFTWAREAS-A-SERVICE PLATFORM THAT EMPOWERS E-COMMERCE SHOPPING WITH 3D AND VIRTUAL TRY-ON AUGMENTED REALITY TECHNOLOGIES
Designhubz is a 3D digital asset management platform, and a content creation powerhouse, streamlining all 3D activities, and enhancing collaboration across design, production, and marketing teams. By integrating with its augmented reality and virtual try-on publishing tools, the platform enables high quality 3D content creation at scale, and consolidate all 3D activities in a single hub.
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
THE FUTURE 100
F U T U R E 1 0 0 . A E
|
P 40
“Desolenator is a step-change to traditional desalination which is unsustainable. Contrary to reverse osmosis, our patented process uses zero harmful chemicals, zero membranes, and zero energy intermittency, operating 24/7 off-grid!”
| ALEXEI LEVENE, CHIEF COMMERCIAL OFFICER, WILLIAM JANSSEN, CEO, DESOLENATOR |
Desolenator www.desolenator.com | FOUNDED IN
2013 | SECTOR
RENEWABLE ENERGY | LOCATION
DUBAI
DESOLENATOR IS THE WORLD’S FIRST CIRCULAR SOLAR DESALINATION SYSTEM WHICH TAPS INTO ABUNDANT SEA AND SUN TO PRODUCE CLEAN WATER FROM COMPLEX SOURCES.
Desolenator is a transformative approach to water provisioning: its world-first solar thermal desalination solution harnesses the photons of the sun to turn seawater or brackish water into high quality, pure water with zero harm to the planet. Desolenator’s climate technology secures critical assets and value chains for businesses exposed to the water crisis. It also produces ultrapure water necessary for the production of green hydrogen. Desolenator is thus actively shaping the future of the UAE by pioneering sustainable desalination solutions. Its circular solar thermal desalination system aligns seamlessly with the UAE’s vision for clean energy and water security.
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
THE FUTURE 100
Diagnio www.diagnio.com DIAGNIO WAS BORN OUT OF A SIMPLE VISION: TO EMPOWER WOMEN ON THEIR JOURNEY TO MOTHERHOOD.
| FOUNDED IN
2022 | SECTOR
HEALTHTECH | LOCATION
| MARINA SOL, FOUNDER AND CEO, DIAGNIO |
“WE ARE AT THE FOREFRONT OF DIVERSIFYING THE UAE ECONOMY INTO A MORE SUSTAINABLE AND SOCIALLY IMPORTANT FUTURE BY WORKING TOWARDS INNOVATIONS IN TWO INDUSTRIES AT LEAST - HEALTHCARE AND MANUFACTURING. THE POTENTIAL OF OUR SOLUTION IS TO BE ON A CRITICAL IMPACT PATH LOCALLY, BUT ALSO EXPORTED GLOBALLY. WOMEN’S HEALTH IS THE KEY TO SURVIVAL OF OUR PLANET, SO THE IMPORTANCE OF THAT CAN’T BE STRESSED MORE.”
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
F U T U R E 1 0 0 . A E
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P 41
DUBAI
Diagnio provides express diagnostics solutions for women’s hormonal health and fertility to be used at home or at clinic premises. The three key pillars of its offering include objective data from biosensors, algorithms for personalized analytics, and actionable advice from online consultations with specialists. Disrupting traditional lab business, the company has global ambitions, but focuses on the Gulf market, which is facing record high 40% infertility rates.
THE FUTURE 100
“DIGITAL ENERGY IS ACTIVELY SHAPING THE UAE’S FUTURE BY ALIGNING OUR INNOVATIVE AI-DRIVEN SOLUTIONS WITH THE NATION’S AMBITIOUS SUSTAINABILITY AND DIGITAL TRANSFORMATION GOALS. OUR FOCUS ON OPTIMIZING ENERGY EFFICIENCY AND PROMOTING ENVIRONMENTAL STEWARDSHIP DIRECTLY SUPPORTS THE UAE’S VISION FOR A SUSTAINABLE FUTURE. BY HARNESSING THE POWER OF AI TO ENHANCE ESG INITIATIVES, WE’RE CONTRIBUTING TO THE UAE’S EMERGENCE AS A GLOBAL LEADER IN SUSTAINABLE ENERGY MANAGEMENT. ADDITIONALLY, OUR PARTNERSHIPS WITH LOCAL UNIVERSITIES FOR ENVIRONMENTAL RESEARCH AND TRAINING PROGRAMS IN AI AND SUSTAINABILITY UNDERSCORE OUR COMMITMENT TO NURTURING THE LOCAL BUSINESS AND SCIENTIFIC LANDSCAPE, FOSTERING A NEW GENERATION OF UAE TALENT IN THESE CRITICAL FIELDS.”
Digital Energy www.digitalenergy.ai
P 42
| FOUNDED IN
2016
F U T U R E 1 0 0 . A E
|
| SECTOR
SUSTAINABILITY & ENVIRONMENT | LOCATION
DUBAI
| DR. MORGAN ELDRED, FOUNDER, DIGITAL ENERGY |
DIGITAL ENERGY EMPOWERS INDUSTRIES WITH INNOVATIVE ARTIFICIAL INTELLIGENCE SOLUTIONS FOR SUSTAINABLE AND EFFICIENT ENVIRONMENTAL STEWARDSHIP
Being at the forefront of technological innovation, Digital Energy is dedicated to transforming industries through advanced artificial intelligence (AI)-driven solutions. Its purpose is to bridge the gap between digital technology and energy management, focusing on sustainability, efficiency, and compliance. With an acute understanding of the industry’s unique challenges, it provides solutions that optimize operations, reduce carbon footprints, and enhance decision-making processes. Its unique value proposition lies in its specialized approach to integrating AI with environmental, social, and governance (ESG) goals. As such, it develops cutting-edge AI to offer unparalleled insights into emissions tracking and management. Digital Energy’s solutions, designed for adaptability and scalability, empower businesses to navigate the evolving energy landscape proactively. Digital Energy stands out by not just offering tools for today’s challenges, but by being a partner in shaping a more sustainable, efficient, and compliant energy future.
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
THE FUTURE 100
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“Distichain has been recognized by the Arab Federation for Digital Economy as the core enabler for its vision towards digital transformation within the region and facilitation in intra-trade activities. A partnership has been signed, with the first project being announced with Lieutenant General H.H. Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior of the UAE. This will change the B2B landscape in the region, drive faster digital transformation, and empower SMEs through efficiency and visibility. As trade players gain efficiency with Distichain, they become catalysts for job creation, as well as the growth of local industries.”
| HAISAM JAMAL, CEO, DISTICHAIN |
Distichain www.distichain.com | FOUNDED IN
2019 | SECTOR
OTHER/ TECHNOLOGY | LOCATION
ABU DHABI
DISTICHAIN IS A SOFTWARE-AS-A-SERVICE B2B PLATFORM AUTOMATING GLOBAL TRADE, THROUGH AN ECOSYSTEM OF SERVICES IN VERIFICATION, FINTECH, AND SUPPLY CHAIN.
Distichain is an international trade-as-aservice platform enabling instant integration with verification, fintech, regulation, documentation, and supply chain. As a software-as-a-service B2B marketplace solution, Distichain serves as a B2B trade infrastructure platform that is blockchainenabled, with application program interfaces offering flexible functionalities and an ecosystem of service providers to deliver seamless trade to companies, trade authorities, and B2B marketplaces. With all the functionalities Distichain offers, marketplace operators can streamline B2B workflows, and allow seamless import and export activities on one single interface, thereby connecting all parts of the trade, along with all participants.
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
THE FUTURE 100
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“Doctoori Connect is set to significantly impact the UAE’s future economy by revolutionizing healthcare. With a focus on proactive health management through digital integration and personalized care, the platform reduces strain on traditional healthcare systems, fostering a healthier population. By promoting longevity practices, personalized nutrition, and holistic wellness, it enhances productivity, while positioning the UAE at the forefront of digital healthcare innovation. This not only attracts investments, but also stimulates job creation in the burgeoning healthtech sector. Doctoori Connect aligns with the UAE’s vision for a knowledge-based economy, making substantial contributions to economic growth through innovation and well-being.”
| ZAHEER NASSER, CO-FOUNDER AND CEO, DR. ZAIN SIKAFI, CO-FOUNDER AND CHIEF MEDICAL OFFICER, MOHAMED NASSER, CO-FOUNDER AND CHIEF FINANCIAL OFFICER, DOCTOORI CONNECT |
Doctoori Connect | FOUNDED IN
2021 | SECTOR
HEALTHTECH | LOCATION
ABU DHABI
www.doctooriconnect.com DOCTOORI CONNECT IS A HEALTHCARE PLATFORM THAT PUTS YOU BACK IN CONTROL OF YOUR HEALTH.
Doctoori Connect stands as a pioneering force in the evolution of healthcare, orchestrating a transformative synergy between its advanced digital platform and cutting-edge longevity and preventative medicine clinics. Its revolutionary model unites a diverse spectrum of healthcare professionals, featuring longevityfocused physicians adept at proactive health management, nutritionists specializing in tailoring dietary strategies to individual needs, health coaches providing unwavering guidance and support, and orthopaedics addressing musculoskeletal well-being. This cohesive, multidisciplinary approach empowers individuals to seize control of their health journey, emphasizing preventative measures for a longer, healthier life. Doctoori Connect is thus unwaveringly committed to redefining the healthcare landscape, seamlessly blending digital accessibility with personalized, holistic care to usher in a new era of disease prevention and overall wellness, where individuals are not merely patients, but active participants in their lifelong well-being.
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
THE FUTURE 100
Drivu www.drivu.co | FOUNDED IN
2017 | SECTOR
OTHER/ TECHNOLOGY | LOCATION
Drivu enables businesses to have an instant drive-thru solution without any change in their infrastructure or operations. This allows them to open and scale their drive-thru revenue stream, and be constantly connected to customers.
| MURSHED MOHAMED AHMED, CO-FOUNDER, DRIVU |
“By enabling drive-thru instantly for businesses, thereby scaling their drivethru revenue stream, this will, at a macro level, streamline the drive-thru economy in the UAE, and lead to exponential growth with more businesses onboard. In-car experience is an untapped market with huge future potential- after all, car manufacturers have started to focus on the in-car experience through car play, and providing consumers with more apps/solutions in the car. We’ve also recently launched the payment of public parking, which is faster and more convenient than what’s currently available in the market. As such, we will be providing customers with more solutions to enhance their in-car experience.”
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
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WITH THE AIM TO ENABLE A DRIVE-THRU ECONOMY FOR ALL, DRIVU IS A BUSINESS WHERE THE FOOD IS PREPARED BY INDEPENDENT RESTAURANTS OR COFFEE SHOPS, AND PICKED UP BY YOU AS A CUSTOMER.
THE FUTURE 100
“BY EXPORTING INNOVATION, ENABLING AFFORDABLE AND INTERACTIVE TRANSFER OF KNOWLEDGE AROUND THE WORLD, AND EMPOWERING FUTURE ECONOMIES THROUGH EDUCATION, DUVERSE IS PLAYING AN ACTIVE ROLE IN SHAPING THE FUTURE
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OF THE UAE.”
| HASAN ALGARHY, FOUNDER AND CEO, DUVERSE |
Duverse www.duverse.ae | FOUNDED IN
2022 | SECTOR
EDUTECH | LOCATION
DUBAI
DUVERSE IS A COMPANY BORN AND BASED IN DUBAI THAT OFFERS TURNKEY METAVERSE AND ARTIFICIAL INTELLIGENCE SOLUTIONS TO ENHANCE THE PERFORMANCE OF VARIOUS SECTORS.
Duverse revolutionizes education and business by seamlessly transferring knowledge worldwide through the metaverse and artificial intelligence. Its subscription-based educational solutions are not only affordable, but also transcend traditional boundaries, offering sustainable, bricks-andmortar-less education. Users can immerse themselves in interactive learning experiences, powered by artificial intelligence that tailors content to individual capabilities. Moreover, a business can be launched on the metaverse in less that 14 days with Duverse’s turn-key solutions. The company thus specializes in designing professional, realistic metaverse experiences suitable for diverse businesses, and with regional and global partnerships, and representatives in over 10 countries, Duverse ensures a global reach.
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
| FOUNDED IN
2020 | SECTOR
EFUNDER.AI OFFERS AN ARTIFICIAL INTELLIGENCE (AI)DRIVEN DIGITAL FINANCING PLATFORM FOR SMES.
FINTECH | LOCATION
ABU DHABI
| SIDDHARTHA AGARWAL, CO-FOUNDER AND HEAD OF PRODUCT, DEEPAK MANICKAM SEKAR, CO-FOUNDER AND CEO, DHANUSH ARJUN, CO-FOUNDER AND EXECUTIVE DIRECTOR, EFUNDER.AI |
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
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www.efunder.ai
eFunder.ai is an AI-driven digital private financing platform that offers revenue backed financing solutions to small and medium businesses, thereby enabling them to accelerate their business growth by leveraging current and future receivables. eFunder.ai is focused on enabling the most convenient hassle-free access to financing for small and medium businesses by enabling them to leverage on their current and future revenues/receivables to raise funds and accelerate their growth. With its unique verticalized and machine learning driven approach to credit underwriting combined with automated digital integrations, eFunder.ai has built robust scalable solutions to solve the financing needs of small and medium businesses in a hassle-free manner, which allows them to focus on business performance. This alleviates significant financial stress for SMEs, and acts as a key line of financing for their business growth, while allowing them to retain ownership control of their business. “Instant cash consistent cash flows” is the company’s motto towards which eFunder. ai is building new age solutions with an aim to be the leading digital financing solution for SMEs in the MENA region and beyond.
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THE FUTURE 100
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“Temporary and off-grid power, running largely on expensive and polluting diesel generators, is responsible for 1.5-2.0 million tons of carbon dioxide per year, or 1% of the UAE’s total annual greenhouse gas emissions. These emissions are highly concentrated in some of the UAE’s key growth industries, including the construction, mining, and oil and gas sectors. Enerwhere is leading the decarbonization of these markets with its combination of data analytics and mobile solar-hybrid systems, which are available on fully-financed, short-term contracts. Scaling up Enerwhere’s proven solar-hybrid systems has the potential to reduce these emissions by 30-50% by 2025, and 80-100% by 2030.”
| DANIEL ZYWIETZ, FOUNDER AND CHAIRMAN, ENERWHERE |
Enerwhere www.enerwhere.com | FOUNDED IN
2012 | SECTOR
RENEWABLE ENERGY | LOCATION
DUBAI
ENERWHERE IS THE FIRST AND LEADING DISTRIBUTED SOLAR UTILITY IN THE MIDDLE EAST AND AFRICA.
Enerwhere uses data analytics, solar, and storage to bring clean power to commercial and industrial customers and decarbonize the temporary power market. Its modular solar-hybrid microgrids save 30-50% of diesel consumption and carbon emissions, compared to conventional diesel generators. Its offering is available as a service within 2-3 weeks from contract signature, on short-term contracts (starting from 6 months), while alternative solutions take much longer to implement (months or years), and require clients to make much longer-term commitments (typically at least 10 years).
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
THE FUTURE 100
Esaal www.esaal.co ESAAL SOLUTIONS IS ALL ABOUT ENABLING DIGITAL TRANSFORMATION USING TRANSACTIONAL DATA.
| FOUNDED IN
2021 | SECTOR
FINTECH | LOCATION
| ANAS ALI, COO AND CIO, AND REEM MUSABBAH, CEO, ESAAL |
“WE ARE DRIVING TECHNOLOGICAL ADVANCEMENTSIN THE REGION BY INTRODUCING INNOVATIVE SOLUTIONS LIKE DIGITAL RECEIPTS. OUR COMMITMENT TO TECH INNOVATION ALIGNS WITH THE UAE’S VISION OF BECOMING A GLOBAL TECHNOLOGY HUB. ESAAL IS ALSO A LEADER IN SUSTAINABILITY INITIATIVES. BY REDUCING PAPER CONSUMPTION THROUGH OUR DIGITAL RECEIPT PLATFORM, WE ARE SUPPORTING THE UAE’S EFFORTS TO CREATE A SUSTAINABLE AND ENVIRONMENTALLY RESPONSIBLE SOCIETY. ESAAL’S PLATFORM ALSO FACILITATES THE DIGITAL TRANSFORMATION OF BUSINESSES ACROSS VARIOUS SECTORS IN THE UAE. WE HELP COMPANIES EMBRACE DIGITAL PROCESSES, IMPROVING THEIR EFFICIENCY AND COMPETITIVENESS. THROUGH OUR FOCUS ON SUSTAINABILITY, DIGITALIZATION, AND INNOVATION, ESAAL CONTRIBUTES TO ECONOMIC GROWTH AND DIVERSIFICATION IN THE UAE. WE SUPPORT THE GOVERNMENT’S GOALS OF BUILDING A KNOWLEDGE-BASED ECONOMY.”
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Esaal is software-as-a-service solution powered by artificial intelligence in transforming paper receipts to smart ones, and thereby promoting digital transformation. It thus helps retailers and government to use item-level receipt data to make shopping experiences in retail more enjoyable and valuable through smart e-receipts.
THE FUTURE 100
“BY INCREASING ACCESS TO FINANCE, AND BY ESTABLISHING OUR GLOBAL AI TECHNOLOGY HEADQUARTERS IN ABU DHABI, WE AT EUREKA BELIEVE
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THAT WE’LL BE PLAYING A MAJOR ROLE IN THE FUTURE OF THE UAE.”
| BENJAMIN SOEMARTOPO, CEO, EUREKA AI |
Eureka www.eureka.ai | FOUNDED IN
2016 | SECTOR
FINTECH | LOCATION
ABU DHABI
EUREKA IS AN ARTIFICIAL INTELLIGENCE (AI)-AS-A-SERVICE PLATFORM FOR TELECOM OPERATORS.
Eureka applies artificial intelligence to telecom data to increase access to finance and provide market intelligence for enterprises. Its enterprise software provides intelligence on smartphone usage, allowing enterprises to provide better service to their existing customers, and gain many more at the same time. Its global team of data scientists, engineers, and product managers are dedicated to unlocking this depository of human activity, because better understanding leads to better decisions, and better outcomes for all.
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
THE FUTURE 100
Exsurgo | SECTOR
HEALTHTECH | LOCATION
ABU DHABI
EXSURGO COMBINES NEUROSCIENCE, ENGINEERING, AND DATA ANALYSIS TO HELP TREAT A RANGE OF NEUROLOGICAL CONDITIONS WITHOUT THE USE OF PHARMACEUTICALS.
Exsurgo has created the future of chronic pain management, Axon. Boasting safe, efficacious, and drug-free treatment, Axon offers self-treatment in the home with the remote supervision of a clinician. With successful clinical trials in the United Kingdom and New Zealand proving the clinical efficacy of chronic pain treatment with electroencephalogram neurofeedback, Axon is registered with the United States Food and Drug Administration as a chronic pain treatment, and it has also obtained a CE mark in the European Union.
| RICHARD LITTLE, CEO, EXSURGO |
“Exsurgo is committed to changing the way patients treat their chronic pain in UAE. Axon is as effective as pharmaceuticals, but without health condition side-effects. The presence of Axon in the UAE healthcare space thus reduces strain on the healthcare industry by reducing clinic visits, and reducing the population’s usage of pharmaceuticals.”
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THE FUTURE 100
Falcon Robotics www.falconrobotics.ae FALCON ROBOTICS OFFERS ARTIFICIAL INTELLIGENCE (AI) MODELS FOR AUTONOMOUS NAVIGATION, DATA ANALYSIS, AND SPACE MISSIONS, AS WELL AS AN AIPOWERED PLATFORM THAT CONNECTS ANY SOFTWARE AND/OR DATABASES AND ROBOTICS.
| FOUNDED IN
2018 | SECTOR
SPACE | LOCATION
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DUBAI
Falcon Robotics is an AI and data-centric company that provides intelligent solutions for businesses with a focus on the aerospace industry. It uses AI, robotics, and data-analytics to upscale organizations, upskill the workforce, and optimize data-integration. It thus provides decision makers with peace of mind, and helps them make real-time rapid decisions.
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| AHMAD FAREED ALDARWISH, FOUNDER AND CEO, FALCON ROBOTICS |
“As a company, we have joined the Mohammed Bin Rashid Space Center’s Space Ventures initiative, and we will be working with them on projects like the Lunar Rover. We are also now part of the Space Economic zones under the UAE Space Agency, where we will use our AI expertise for future space missions. Falcon Robotics also has many other innovative solutions, as well as some patent-pending inventions that have been filed internationally. Those solutions will have a great impact in the aerospace industry.”
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
| ALI ALHAMMADI, CO-FOUNDER AND CEO, FARMIN |
Farmin www.farmin.ai | FOUNDED IN
2021 | SECTOR
SPACE | LOCATION
ABU DHABI
FARMIN IS A UAE-BASED TECH COMPANY THAT UTILIZES THE POWER OF ARTIFICIAL INTELLIGENCE (AI) AND SATELLITE IMAGERY TO DELIVER REAL-TIME ACTIONABLE INSIGHTS FOR SMART CITIES AND ENVIRONMENTAL STEWARDSHIP
“Farmin is actively shaping the UAE’s future by revolutionizing urban planning, infrastructure development, and security monitoring through our innovative use of satellite imagery and AI. By providing data-driven insights, we empower decision-makers to allocate resources efficiently, enhance infrastructure, and build resilient smart cities while enhancing national security. These innovations solidify the UAE’s global leadership in AI-driven earth observation, driving economic growth. As we expand regionally and build a specialized local talent pool, our endeavors not only benefit our business, but they also bolster the economic resilience and security of the UAE’s future sectors, underscoring our dedication to the nation’s sustainable development.”
Farmin is an Emirati space AI startup that is harnessing the power of generative AI and satellite imagery to deliver real-time actionable insights for smart cities and environmental stewardship. Its commitment extends to advancing AI-driven remote sensing technology, nurturing local talents, and contributing to the innovation landscape in the UAE. Farmin’s unique value proposition lies in leveraging AI and advanced satellite imagery to provide costeffective insights for industries such as urban planning, maritime and intelligence. Through data fusion and in-house developed technology, the company provides a holistic understanding of target areas, capturing finer details crucial for decisionmakers. Its in-house AI analytics platform goes beyond data access, extracting actionable insights, while super-resolution algorithms enhance image quality, setting it apart in the remote sensing industry. Farmin’s AI-driven solutions make it an indispensable partner for accurate, efficient, and data-driven decision-making in areas such as building violations, port efficiency, and ship tracking.
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
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THE FUTURE 100
THE FUTURE 100
“IN LINE WITH THE UAE’S VISION, FINFLX HELPS LOCAL SMES IN ATTRACTING AND RETAINING TALENT BY PROVIDING WORLD-CLASS EMPLOYEE FINANCIAL BENEFITS. FINFLX ALSO ALIGNS WITH THE UAE’S VISION OF RETENTION OF EXPATS BY PROVIDING LONG-TERM FINANCIAL PLANNING TOOLS TO THE MIDDLE
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CLASS TO ENABLE FINANCIAL STABILITY, AND INCREASE SAVINGS RATIO.”
| AMR YOUSEF, CO-FOUNDER AND CEO, AHMED SHOKR, CO-FOUNDER AND CTO, FINFLX |
FinFlx www.finflx.com | FOUNDED IN
2021 | SECTOR
FINTECH | LOCATION
FINFLX IS AN ENTERPRISE THAT DELIVERS FLEXIBLE WORKPLACE SAVINGS FOR SMES IN THE MENA REGION.
FinFlx delivers flexible, transparent and affordable workplace savings (gratuity) plans for SMEs. FinFlx also extends its financial wellbeing program to employees including financial literacy, savings, and retirement planning, as well as employee financial support benefits.
ABU DHABI
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
THE FUTURE 100
Foloosi | FOUNDED IN
2019 | SECTOR
DUBAI
“FOLOOSI IS AN ENABLER FOR BUSINESSES IN THE UAE WITH EASY-TO-USE OPTIONS THAT ARE DESIGNED TO BE ACCESSIBLE, CONVENIENT, AND SIMPLE, BACKED BY REPUTED PARTNERS TO PROVIDE SECURITY, AND A CREDIBLE AND RELIABLE CUSTOMER EXPERIENCE.”
| OMAR BIN BREK, FOUNDER, FOLOOSI |
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
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Foloosi offers a complete end-toend mobile payment enabler that is supported by seamless integrations, and backed by a powerful customer relations management (CRM) system to provide an actionable flow of events, and thereby resulting in a fast, modern, and secure way of making technology work at its advanced best. At the same time, the Foloosi online marketplace provides a convenient way for a customer to make payments for products and services purchased from businesses listed in the Foloosi online portal.
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FINTECH
FOLOOSI’S SOFTWARE AND APPLICATION PROGRAMMING INTERFACES (APIS) CAN BE USED BY BUSINESSES OF ALL SIZES TO ACCEPT PAYMENTS AND MANAGE TRANSACTIONS.
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www.foloosi.com
THE FUTURE 100
FortyGuard www.fortyguard.com | FOUNDED IN
2020 | SECTOR
SUSTAINABILITY & ENVIRONMENT | LOCATION
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FORTYGUARD IS AN ENTERPRISE THAT OFFERS URBAN TEMPERATURE DATA SOLUTIONS THROUGH THE USE OF ARTIFICIAL INTELLIGENCE (AI)-POWERED SOFTWARE, WHICH IS OFFERED TO B2B MARKETS TO ENABLE THE COOLING DOWN OF CITIES AROUND THE WORLD.
FortyGuard’s software is designed to address the critical gap in granular outdoor temperature data. By integrating sophisticated data processing techniques, computer vision, and a robust multimodality approach, the company provides comprehensive, precise analyses of external environments and microclimates. It is temperature-specific insights for any global location. Our unique value proposition is found in our strong data infrastructure, ground experience in the market, and the ability to generate high-resolution AI- and machine learning-driven classification maps, transforming passive data sets into actionable insights for industries and governments.
| JAY SADIQ, FOUNDER AND CEO, FORTYGUARD |
“By securing a prestigious position in Techstars Miami with JP Morgan LP, FortyGuard underscores the UAE’s global entrepreneurial prowess. Through partnerships with local partners like Masdar City, Aldar, UAE Ministry of Energy and Infrastructure, and accelerators like those run by Hub71, Mohammed Bin Rashid Innovation Fund, and Sharjah Entrepreneurship Center (Sheraa), as well as international tech giants like NVIDIA and Google Cloud, FortyGuard is fostering innovation in the region. The company’s strategic alliances with Honeywell and G42-Injazat promise to revolutionize sectors from energy to real estate. All of this ensures that FortyGuard’s contributions align with the UAE’s vision for a sustainable, tech-driven future, and global expansions of innovation.” ”
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
“FUZE IS BUILDING BLOCKCHAIN INFRASTRUCTURE FOR TRADITIONAL FINANCIAL SERVICES. IN THE NEXT FEW YEARS, MILLIONS OF USERS IN AND FROM THE UAE WILL BE ABLE TO USE DIGITAL ASSETS SERVICES FROM THEIR TRUSTED REGULATED FINANCIAL INSTITUTIONS SUCH AS BANKS. THIS WILL MAKE THE EXISTING FINANCIAL SERVICES EFFICIENT, SECURE, AND SCALABLE. WE BELIEVE THIS WILL EXTENSIVELY SUPPORT UAE’S VISION OF ESTABLISHING ITSELF AS A PIONEER IN THE BLOCKCHAIN SECTOR.”
Fuze www.fuze.finance | FOUNDED IN
2022 | SECTOR
FINTECH | LOCATION
ABU DHABI
FUZE IS A DIGITAL ASSETS INFRASTRUCTURE PLATFORM THAT ENABLES FINANCIAL INSTITUTIONS TO EMBED DIGITAL ASSETS PRODUCTS NATIVELY INTO THEIR APPS.
Fuze, a first-of-its-kind platform, enables banks, fintechs, and enterprises to embed regulated digital assets infrastructure, and rapidly launch products from their native apps. This technology-first regulated infrastructure supports cryptocurrencies, central bank digital currencies, and tokenized assets. This enables banks and financial institutions to launch regulated and secure digital assets solutions in a B2B2C fashion, thereby allowing retail customers to participate in the virtual assets economy in a secure manner. Fuze is regulated by the Virtual Assets Regulatory Authority (VARA), the entity that is responsible for regulating and overseeing the provision, use, and exchange of virtual assets in and from the emirate of Dubai, and it has also raised US$14 million in seed funding from Further Ventures, backed by Abu Dhabi-based ADQ.
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
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| SRIJAN R. SHETTY, CTO, MOHAMMED ALI YUSUF, CEO, ARPIT MEHTA, COO AND CPO, FUZE |
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“GRACIA GROUP’S MODEL EMBRACES THE VISION OF THE UAE’S FOUNDING FATHER, H.H. SHEIKH ZAYED AL NAHYAN, GOD BLESS HIS SOUL, IN MAKING UAE A GREEN LAND, ENABLING YOUTH IN ENTREPRENEURSHIP AND SPECIALLY AGRI-ENTREPRENEURSHIP, ENABLING SCHOOLS AND UNIVERSITIES IN THE AGRICULTURAL SECTOR, AND CREATING AN AGRICULTURAL ACADEMY IN PARTNERSHIP WITH CITIZEN SCHOOL
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AND ABU DHABI UNIVERSITY.”
| H.E. HAMED ALHAMED, FOUNDER AND CEO, GRACIA GROUP |
Gracia Group www.graciagroup.ae | FOUNDED IN
2016 | SECTOR
AGRITECH | LOCATION
GRACIA GROUP OFFERS AN INNOVATIVE MODEL OF FUTURE FARMING WITH A PLATFORM TO COMBINE ALL KEY PLAYERS IN THE SECTOR OF AGRICULTURE AND SUSTAINABILITY.
Gracia Group has developed an innovative 360-degree model that aims to solve all of the challenges of agriculture, while also creating a circular economy model, and addressing the UAE’s long-term sustainability and prosperity.
ABU DHABI
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
THE FUTURE 100
HeroGo | SECTOR
SUSTAINABILITY & ENVIRONMENT | LOCATION
DUBAI
“BY TACKLING THE PRESSING ISSUE OF FOOD LOSS AND WASTE, HEROGO ALIGNS WITH THE UAE’S
HeroGo employs a subscription-based technology that bridges the gap between farmers, importers, and consumers, targeting food on the brink of waste. By using the HeroGo platform, farmers and importers can recoup value, enhancing their return on investment. Simultaneously, consumers and businesses benefit from savings of up to 30% on grocery expenses. More than just financial gains, HeroGo’s technology also emphasizes transparency and environmental stewardship. Users receive access to a dashboard, allowing them to directly visualize their positive contributions by tracking the total carbon dioxide and water saved, underscoring the tangible impact of their decisions.
GOAL TO CUT THIS WASTE BY HALF BY 2030, THEREBY RETAINING OVER AED6 BILLION OF ECONOMIC VALUE.
| DANIEL F. SOLOMON, CO-FOUNDER, HEROGO |
OUR STRATEGY EMPHASIZES RESCUING AND REPURPOSING FOOD, WHICH WOULD OTHERWISE CONTRIBUTE TO WASTE. UTILIZING OUR INNOVATIVE TECHNOLOGY PLATFORM, WE FORGE VITAL CONNECTIONS BETWEEN FARMERS, IMPORTERS, AND CONSUMERS, EFFECTIVELY REDUCING WASTE, AND ENHANCING FOOD SECURITY IN A REGION DEPENDENT ON IMPORTED FOOD. THIS PROCESS ALSO AIDS IN CAPTURING CARBON AND CONSERVING WATER RESOURCES. PLUS, OUR EFFORTS EXTEND BEYOND ENVIRONMENTAL SUSTAINABILITY; THEY ALSO STRENGTHEN NATIONAL FOOD SECURITY AND RESILIENCE, SETTING A FOUNDATION FOR A MORE SUSTAINABLE AND PROSPEROUS FUTURE IN THE UAE.”
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
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2020
HEROGO IS THE MENA’S PIONEER GROCERY SUBSCRIPTION SERVICE THAT REDUCES FOOD COSTS BY FIGHTING FOOD LOSS AND WASTE.
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www.herogo.ae
THE FUTURE 100
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“Hydro Wind Energy’s technology is aligned with the UAE government’s policies on lowering the cost of energy, reducing carbon emissions, and increasing security of supply. Our aim is to reduce carbon emissions by one billion tons of carbon dioxide by 2030. This amounts to over 2% of total carbon emissions globally, or five times what the UAE emits per year, turning the country into a world leader and net reducer of carbon emissions. This technology will thus help create a vibrant and competitive wind energy sector in the UAE, stimulating national job creation, eliminating carbon emissions, improving air quality, and providing an environmentally friendly and easily assimilated grid-connected technology for meeting load growth as well as legislated renewable obligations.”
| MARYAM HASSANI AND HAYK VASILYAN, CO-FOUNDERS, HYDRO WIND ENERGY |
Hydro Wind Energy www.hw.energy | FOUNDED IN
2020 | SECTOR
RENEWABLE ENERGY | LOCATION
DUBAI
HYDRO WIND ENERGY HARNESSES OFFSHORE WIND IN DEEP WATERS FOR POWER GENERATION WITH INBUILT ENERGY STORAGE.
Hydro Wind Energy is a tech startup focused on developing a disruptive technology to address three major challenges of the 21st century: low-cost clean electricity, grid-scale energy storage, and seawater desalination. The company’s approach involves harnessing wind offshore through vertical axis wind rotors, and utilizing mechanical-based energy storage systems. The same systems are designed for large-scale seawater desalination, aiming to contribute to solving the global water crisis. Additionally, the company has successfully developed and commercialized QuenchSea, the world’s only low-cost handheld seawater desalination device, serving humanitarian purposes as well as the offshore marine sector.
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
THE FUTURE 100
HyveGeo www.hyvegeo.com | FOUNDED IN
2023 | SECTOR
SUSTAINABILITY & ENVIRONMENT | LOCATION
HYVEGEO HARNESSES MICROALGAE TO TURN WASTED RESOURCES INTO SCALABLE SOLUTIONS FOR CARBON REMOVAL AND SUSTAINABLE AGRICULTURE.
HyveGeo is on a mission to remove one gigaton of carbon dioxide from the world by 2050. It is aiming to do so by making use of use microalgae to work with nature, capture carbon dioxide, and then convert the algae to bio products that are used to remediate arid land into arable soil for food security.
|
P 61
DUBAI
F U T U R E 1 0 0 . A E
| ABDULAZIZ BIN REDHA, FOUNDER AND CEO, HYVEGEO |
“We are directly tackling three strategic priorities for the UAE: climate change through our carbon sequestration, food security through our soil regeneration, and advanced technology and industry through our cuttingedge research that has been developed in leading institutions such as Cambridge and Exeter. Combined, we deliver a brighter future for future generations by cleaning the air, providing jobs, and reducing our dependence on food imports.”
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
THE FUTURE 100
iFarm www.ifarm.fi | FOUNDED IN
2017 | SECTOR
AGRITECH
IFARM IS A TECHNOLOGY COMPANY ENABLING INFORMATION TECHNOLOGY (IT)DRIVEN FARMING IN CONTROLLED ENVIRONMENTS.
| LOCATION
F U T U R E 1 0 0 . A E
|
P 62
ABU DHABI
iFarm works with indoor farm projects ranging in size from 500 sq.m. to 50,000 sq. m., providing turnkey solutions to grow leafy greens, strawberries, and vegetables using farm management software. Besides its capital expense-light vertical farming solutions, iFarm is currently the only market offering that enables customers to grow strawberries commercially, with more crops being under development.
“BESIDES ENSURING FOOD SECURITY, IFARM ALSO ENABLES ENTREPRENEURS WITHOUT EXPERIENCE OR KNOWLEDGE IN AGRONOMY TO LAUNCH FOOD PRODUCTION WITH FULL AUTOMATION OF PROCESSES.”
| MAX CHIZHOV, CHIEF BUSINESS DEVELOPMENT OFFICER, IFARM |
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
THE FUTURE 100
| ZOHARE HAIDER, CO-FOUNDER AND CEO, RIZWAN AHMED KHAN, CO-FOUNDER AND CPO, MUBASHAR EHSAN, CO-FOUNDER AND CTO, JALEBI |
Jalebi www.jalebi.io | FOUNDED IN
2021 | SECTOR
SUSTAINABILITY & ENVIRONMENT | LOCATION
DUBAI
AI-ENABLED SAAS FOR MILLIONS OF RESTAURANTS, SAVING BILLIONS IN UNOPTIMIZED INVENTORY COSTS.
Jalebi is a Techstars-backed venture headquartered in the UAE, building worldclass technology to unlock efficiency and working capital for SME/SMB restaurants through automation software and powerful integrations and partnerships. It is an award-winning SaaS restaurant tech platform that accurately automates and optimizes restaurant inventory and supply management, preventing financial and material loss, waste, and theft while boosting margins by +20%.
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
F U T U R E 1 0 0 . A E
|
P 63
“As a UAE-based company, we are well placed to improve food costs and food-waste reduction for the 25,000 food businesses and have received many accolades for our achievements. From recognition by Entrepreneur Middle East magazine to institutional backing from Sheraa (Sharjah), in5 (Dubai), and soon another significant ecosystem in Abu Dhabi (final stages), we are recognized as a critical technology operator across major Emirates and the GCC as Made in UAE.”
THE FUTURE 100
“WE ARE ENABLING TENANTS TO BETTER MANAGE THEIR CASHFLOWS BY PAYING IN 12 PAYMENTS WITH A CREDIT/DEBIT CARD, WHILE ENSURING THAT LANDLORDS RECEIVE THE PAYMENT TERMS THAT THEY ARE USED TO (I.E. ONE TO SIX PAYMENTS), AND THAT WE ENABLE THEM TO RE-INVEST IN THE UAE REAL ESTATE ECOSYSTEM. MEANWHILE, OUR RENT-NOW-PAY-LATER PRODUCT REDUCES THE UPFRONT BURDEN OF RENT PAYMENTS FOR TENANTS, ALLOWING THEM NOT TO EMPTY THEIR SAVINGS, AND ALIGNING
F U T U R E 1 0 0 . A E
|
P 64
THEIR RENT DUES TO THEIR INCOMES AS WELL.”
| OMAR ABU INNAB, CO-FOUNDER AND CEO, KEYPER |
Keyper www.realkeyper.com | FOUNDED IN
2022 | SECTOR
FINTECH | LOCATION
DUBAI
KEYPER IS A PLATFORM THAT FACILITATES MONTHLY RENT PAYMENTS FOR TENANTS IN DUBAI AS WELL AS UPFRONT PAYMENTS TO LANDLORDS.
Keyper is a Dubai-based startup at the intersection of proptech and fintech through its digital real estate investment management platform and rent facilitation services. It offers landlords property management and transactional services, enabled by data-driven insights through its freemium mobile app. In parallel, Keyper offers rent facilitation services that allow landlords to get their annual rent upfront, while enabling tenants to pay their rent in monthly instalments through their credit cards. Keyper thus aims to financialize the world’s largest asset class, real estate, enabling all stakeholders, from landlords to tenants, to access better financial offerings, driven by a focus on data-driven transparency.
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
THE FUTURE 100
klaim | SECTOR
FINTECH | LOCATION
ABU DHABI
“Klaim is contributing to shaping the future of the UAE through strategic investments that bolster the local economy, and demonstrate a deep commitment to the nation’s development and well-being. These investments are particularly impactful in the healthcare sector, where Klaim plays a crucial role in enhancing the quality of healthcare services. This comprehensive approach raises the standard of healthcare in the UAE, and positions the nation at the forefront of medical excellence and innovation, benefiting its citizens, and drawing international recognition.”
By regulation, accepted claims should be paid within 45 days after submission. However, according to Klaim’s database, a typical cycle from submission preparation to claim payment takes 60 to 90 days, heavily impacting healthcare facilities’ cash flow. On average, insurers take 120 days to pay 90% of submitted claims. Correspondingly, Klaim works to restore a balance of power between providers and insurance companies by converting pending claims into operating capital within 24 hours of submission. This liberates providers to get back to what’s important– caring for patients. The company accomplishes this by using an innovative combination of claim purchasing, user-friendly software tools, and expert done-for-you services. Its simple yet sophisticated software tools also embrace the latest artificial intelligence and smart automation.
| KARIM DAKKI, CO-FOUNDER AND CEO, GHAFOOR AHMAD, CO-FOUNDER AND CRO, KLAIM |
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
|
SINCE 2019, KLAIM HAS BEEN REVOLUTIONIZING THE HEALTHCARE INDUSTRY BY GIVING PROVIDERS ACCESS TO THE WORKING CAPITAL THEY NEED TO GROW FASTER AND SERVE PATIENTS BETTER.
2019
F U T U R E 1 0 0 . A E
| FOUNDED IN
P 65
www.klaim.ai
THE FUTURE 100
F U T U R E 1 0 0 . A E
|
P 66
“Kyma is committed to being a trailblazer as a disruptive FMCG manufacturer and lifestyle brand, aiming to become a regional brand, proudly born in the UAE. We remain confident that the growth of young, locally manufactured brands like ours will significantly contribute to the country’s economic progress and future.”
| DIMA SAMAAN, FARIDA EL AGAMY, SAMAR SAYEGH, CO-FOUNDERS, KYMA |
Kyma www.mykyma.com | FOUNDED IN
2021 | SECTOR
SUSTAINABILITY & ENVIRONMENT | LOCATION
SHARJAH
KYMA IS A UAE-BASED STARTUP THAT USES SUSTAINABILITY PRINCIPLES TO REIMAGINE, REENGINEER, AND REVOLUTIONIZE HOME CLEANING.
Kyma, a Sharjah-based manufacturing startup, has pioneered effective, nontoxic surface care products in tablet form. Plus, its innovative methods guarantee customers access to highly efficient, non-toxic products that combat the use of single-use plastic. Kyma thus aims to contribute to the global movement that is disrupting the fast-moving consumer goods (FMCG) industry by making sustainability and non-toxic living accessible to everyone. The company’s objective is clear: to eradicate single-use plastics and toxicity from households, and thereby establish itself as one of the most impactful sustainable companies in the region.
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
THE FUTURE 100
Letswork | FOUNDED IN
2019 | SECTOR
OTHER/ REAL ESTATE | LOCATION
Letswork is a platform to find offices, meeting rooms, and coworking spaces around the world. With over 50,000 members and more than 400 business centers, hotels, and cafes on the platform, Letswork simplifies finding a workplace. The company’s first claim to fame was its award-winning Letswork Pass, which gives access to hundreds of workspaces with a single monthly subscription. It has now expanded to short and long-term office rental, meeting room bookings and more.
| OMAR ALMHEIRI AND HAMZA KHAN, CO-FOUNDERS, LETSWORK |
“LETSWORK WAS THE FIRST EMIRATI-FOUNDED STARTUP IN WHICH SILICON-VALLEY BASED VENTURE CAPITAL FUND, 500 GLOBAL, INVESTED. IT WAS ALSO THE FIRST EMIRATI STARTUP TO EXPAND INTO PORTUGAL AND SPAIN, TAKING ‘MADE IN THE UAE’ TO THE WORLD. IT HAS ALSO HELPED THE UAE ESTABLISH ITSELF AS A GLOBAL CENTRE FOR REMOTE WORKING.”
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
F U T U R E 1 0 0 . A E
|
DUBAI
LETSWORK IS THE MENA’S FIRST MEMBERSHIP PLATFORM FOR OFFICES, WORKSPACES, AND MEETING ROOMS.
P 67
www.Letswork.io
THE FUTURE 100
F U T U R E 1 0 0 . A E
|
P 68
“In economics, estimating the demand for storage capacity takes time. Companies may find it more difficult to meet unforeseen demands and store inventory. Additionally, businesses experiencing rapid growth may find it difficult to find enough space for newly required inventory. With our on-demand warehousing, you can create a fresh balance, and keep expanding your company.”
| DALAL BUTI SAEED ALMUHAIRI, MANAGING DIRECTOR, LOGISTI |
Logisti www.logisti.ae | FOUNDED IN
2020 | SECTOR
OTHER/ LOGISTICS | LOCATION
DUBAI
LOGISTI IS A REVOLUTIONARY PLATFORM THAT CREATES SMART SOLUTIONS FOR LOGISTIC AND STORAGE REQUIREMENTS BETWEEN BUSINESSES AND CONSUMERS.
Logisti’s goal is to reduce unused warehouses and spaces, and to create better utilization of these areas. Logisti anticipates the needs of its clients, and it also ensures they are compliant and up to date with industry regulations. Logisti delivers value to assure consistently high return to its clients. At the same time, Logisti also provides bespoke solutions to clients, adhering to their individual needs, thereby ensuring customer satisfaction and loyalty.
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
THE FUTURE 100
“OUR VISION AT LUNE TECHNOLOGIES IS TO POSITION THE UAE AS THE GLOBAL BENCHMARK IN DATA-DRIVEN FINANCIAL SERVICES, INCREASING FINANCIAL WELLNESS AMONGST CONSUMERS, AND ENABLING FINANCIAL INSTITUTIONS TO DESIGN AND OFFER HYPER-PERSONALIZED PRODUCTS.”
Lune Technologies | SECTOR
FINTECH | LOCATION
DUBAI
Lune Technologies is a UAE–born B2B platform that works with banks, fintech, and card issuers to enrich and analyze transaction and income data. Lune Technologies’ solutions provides holistic benefits to consumers by empowering them to have a clear and cleanse view of their spending data, as well as to financial institutions that are given clear insights into their customers’ spending and income patterns, enabling them to offer hyper-personalized products and recommendations.
| ALEXANDRE SOUED AND HELAL TARIQ LOOTAH, CO-FOUNDERS AND CO-CEOS, LUNE TECHNOLOGIES |
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
|
2020
LUNE TECHNOLOGIES IS AN ARTIFICIAL INTELLIGENCE (AI)-DRIVEN TRANSACTION ENRICHMENT AND ANALYTICS PLATFORM FOR FINANCIAL INSTITUTIONS.
F U T U R E 1 0 0 . A E
| FOUNDED IN
P 69
www.lunedata.io
THE FUTURE 100
“OUR INNOVATIVE TECHNOLOGY SOLUTIONS CAN ACCELERATE THE DEVELOPMENT OF THE UAE’S TECHNOLOGY SECTOR. WE ENABLE LOCAL BUSINESSES TO THRIVE IN ECOMMERCE BY PROVIDING CUTTING-EDGE SOLUTIONS FOR ONLINE SALES AND CUSTOMER EXPERIENCE ENHANCEMENT. THIS SUPPORTS THE GROWTH OF THE UAE’S DIGITAL ECONOMY. ADDITIONALLY, OUR FOCUS ON SUSTAINABLE PRACTICES AND GREEN LOGISTICS SOLUTIONS ALIGNS WITH THE UAE’S SUSTAINABILITY GOALS, AND WE ALSO ACTIVELY COLLABORATE WITH LOCAL UNIVERSITIES AND RESEARCH INSTITUTIONS.”
Lyve Global P 70
2016
F U T U R E 1 0 0 . A E
| FOUNDED IN
|
www.lyveglobal.com
| SECTOR
OTHER/ TECHNOLOGY | LOCATION
ABU DHABI
LYVE GLOBAL EMPOWERS BUSINESSES TO DIGITIZE THEIR CUSTOMERS’ JOURNEY FROM ORDER TO PAYMENT TO DELIVERY.
Lyve’s primary purpose is to empower seamless e-commerce and efficient logistics. The company’s vision is thus to revolutionize the world of e-commerce and logistics through innovative technology solutions that enhance the customer experience, streamline operations, and drive sustainable growth for businesses of all sizes.
| WALID MONEIMNE, CO-FOUNDER AND EXECUTIVE CHAIRMAN,, HASSAN HALLAS, CO-FOUNDER AND CEO, LYVE GLOBAL |
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
| FABRICE TESTA, CO-FOUNDER, MAANA ELECTRIC |
“BY ONSHORING THE PRODUCTION OF SOLAR PANELS, GREEN CELLS, AND GREEN SILICON FROM RAW DESERT SAND, OUR OFFERINGS ENFORCE THE UAE’S ABILITY TO BECOME A CHAMPION IN GREEN ENERGY, PARTICULARLY PHOTOVOLTAICS.”
Maana Electric www.maanaelectric.com | FOUNDED IN
2018 | SECTOR
RENEWABLE ENERGY | LOCATION
DUBAI
MAANA ELECTRIC AIMS TO PROVIDE THE CLEAN POWER INFRASTRUCTURE THAT HUMANITY NEEDS, WHEREVER WE MAY GO.
Maana Electric provides local, solar panel production (onshoring) that is sustainable and compliant with environmental, social, and governance (ESG) principles. The company leads the way in green manufacturing processes for silicon production, solar panel manufacturing, and cell manufacturing.
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
F U T U R E 1 0 0 . A E
|
P 71
THE FUTURE 100
THE FUTURE 100
“MADARI SPACE ASPIRES TO PLAY A PIVOTAL ROLE IN THE SUSTAINABLE DEVELOPMENT AND ADVANCEMENT OF SPACE TECHNOLOGIES. OUR MISSION IS TO ADDRESS THE UNPRECEDENTED SURGE IN DATA GENERATED ON EARTH, WHILE ACKNOWLEDGING THE ENVIRONMENTAL CON-
F U T U R E 1 0 0 . A E
|
P 72
CERNS ASSOCIATED WITH TERRESTRIAL DATA CENTERS.”
| SHAREEF AL ROMAITHI, FOUNDER, MADARI SPACE LIMITED |
Madari Space Limited www.madari.ae | FOUNDED IN
2023 | SECTOR
SPACE | LOCATION
ABU DHABI
MADARI SPACE LIMITED OFFERS SUSTAINABLE DATA STORAGE SOLUTIONS IN SPACE, ENSURING EFFICIENT AND ECO-CONSCIOUS MANAGEMENT OF INFORMATION BEYOND THE EARTH.
Madari Space Limited aligns seamlessly with the sustainable initiatives of the UAE, epitomizing a commitment to environmental responsibility and technological innovation. The company’s focus on providing sustainable data storage solutions in space resonates with the UAE’s vision for a greener and more sustainable future. By addressing the surge in data through eco-conscious practices, Madari Space Limited contributes to the UAE’s broader efforts to integrate sustainability into every aspect of technological advancement. This alignment positions the company as a key player in supporting the UAE’s progressive and forward-thinking initiatives toward a more sustainable and technologically advanced future.
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
THE FUTURE 100
Manhat www.manhatuae.com | FOUNDED IN
2019 | SECTOR
SUSTAINABILITY & ENVIRONMENT
MANHAT IS A UAEBASED ENTERPRISE THAT PROVIDES SUSTAINABLE WATER PRODUCTION INSPIRED BY NATURE.
Based in the United Arab Emirates, Manhat is a deep technology startup that specializes in patented natural water distillation technology for sustainable water and floating farm solutions.
| LOCATION
|
P 73
ABU DUBAI
F U T U R E 1 0 0 . A E
| SAEED ALHASSAN ALKHAZRAJI, FOUNDER AND CTO, MANHAT |
“Manhat will play a key role in providing sustainable water for safeguarding our future in terms of water and food security. When adopted at a large scale, Manhat’s technology can also lower carbon dioxide emissions, and provide climate-positive crops.”
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
THE FUTURE 100
F U T U R E 1 0 0 . A E
|
P 74
“We aim to contribute to the UAE’s gross domestic product with knowledge economy growth as we develop solutions from our innovation hub in the UAE to the region. We are in our second phase of expansion to establish production facilities in the UAE to export to the GCC based on current demand, market direction, forecasting and share. We also contribute to capacity building through our existing cooperation and partnership initiatives with universities and government institutions that support talent development, and thereby build the skills required for technology markets.”
| ADEL HARVEY ELABD SAID, FOUNDER, MARSES ROBOTICS |
Marses Robotics www.marses-robotics.com | FOUNDED IN
2021 | SECTOR
ADVANCED MANUFACTURING | LOCATION
SHARJAH
MARSES ROBOTICS MANUFACTURES AND PROVIDES ARTIFICIAL INTELLIGENCE (AI)-ROBOTIC SOLUTIONS FOR THE RETAIL, HOSPITALITY, EDUCATION, AND HEALTH SECTORS.
MARSES Robotics is a robotics AI-based solutions manufacturer in the MENA region, bringing new concepts to robotics solutions to be hired based on subscription (RSAAS), not direct sales. This unique business model allows a company or entity to benefit from robotic solutions by employing the robotic devices with an application they are looking for, and then accessing a cloud-based subscription service. This way, customers do not have to purchase the equipment outright, avoiding the downsides of ownership, while helping them maintain their bottom line, and getting the system updates. Everything MARSES Robotics does is shaped by the culture in the region, and as such, the entire development stack is designed to be modular and entirely independent to support them for maximum customization and cost minimization.
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
Meerana www.meerana.ae | FOUNDED IN
2022 | SECTOR
OTHER/ TECHNOLOGY | LOCATION
MEERANA OFFERS AN ARTIFICIAL INTELLIGENCE (AI)-DRIVEN B2B ONE-STOP SMART OFFICE APPLICATION CALLED MANDOOBI, AS WELL AS AN AI-DRIVEN LEGAL APPLICATION CALLED HI LEGAL.
|
DUBAI
Meerana is your digital transformation partner. The company aims to build the most trusted community to deliver highquality products and services. It believes in connecting the world through smart technologies, and as such, it is proud to partner with various organizations on emerging technologies. Meerana is thus as an innovation technology company focused on leading-edge smart solutions, with its key pillars being consultation, bespoke products, unique products, and managed services. Additionally, the company offers solutions in the realms of information technology, internet of things, cybersecurity, marketing, software development, electric vehicle charging, cloud, and data services, thereby serving the technology landscape across the enterprise and startup ecosystem.
P 75
THE FUTURE 100
“MEERANA ISN’T JUST A COMPANY; IT’S A THRIVING COMMUNITY. WE BELIEVE IN THE POWER OF COLLABORATION, WHICH IS WHY WE ARE PROUD TO WORK HAND-IN-HAND WITH OUR ESTEEMED PARTNERS. TOGETHER, WE OFFER A COMPREHENSIVE SUITE OF SERVICES THAT REDEFINE THE FUTURE. OUR COLLABORATIVE APPROACH ENSURES THAT OUR CLIENTS BENEFIT FROM DIVERSE SPECIALIZED SERVICES TAILORED TO THEIR UNIQUE NEEDS. THIS SPIRIT OF UNITY SETS MEERANA APART- A DYNAMIC, EVER-EVOLVING FORCE IN THE FUTURE WORLD OF TECHNOLOGY AND INNOVATION.”
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
F U T U R E 1 0 0 . A E
| MATAR ALMEHAIRI, FOUNDER AND CEO, MEERANA |
THE FUTURE 100
“We are at the forefront of UAE’s digital transformation, aligning with the nation’s vision and objectives. Our in-house developed autonomous mobile robots are redefining sectors like logistics and public service by driving operational efficiency and scalability. Tailored solutions cater to diverse industry needs, spurring sector-specific growth, and targeting large markets worldwide. Collaborative research and development projects also promote knowledge transfer and skill development, cementing the UAE’s innovation and tech leader position. In essence, Micropolis isn’t just a tech enterprise, it’s a catalyst for the UAE’s sustainable economic evolution.”
Micropolis Robotics www.micropolis.ae | FOUNDED IN
2014
F U T U R E 1 0 0 . A E
|
P 76
| SECTOR
INTELLIGENT MOBILITY
MICROPOLIS ROBOTICS IS AN ENTERPRISE THAT IS KNOWN FOR AUTOMATING AND AUGMENTING LARGE OPERATIONS THROUGH ROBOTICS AND ARTIFICIAL INTELLIGENCE (AI).
| LOCATION
DUBAI
Micropolis Robotics is known to revolutionize large-scale operations across various industries through cutting-edge home-grown technologies and innovation. Its product portfolio encompasses two core components: mobility platforms and application-specific pods, including intuitive operating software and advanced electronic control units, as well as power storage solutions. The company is dedicated to innovation and quality, and by focusing on continuous improvement and customer-centric design, it ensures that its products meet and exceed the evolving demands of the modern industry. The company’s unique value proposition lies in its commitment to creating autonomous solutions that not only automate tasks, but significantly augment the efficiency and effectiveness of large operations. The robots are therefore designed to seamlessly integrate into existing systems, providing a smart, scalable, and sustainable solution for complex challenges in automation.
| FAREED ALJAWHARI, CEO, MICROPOLIS ROBOTICS |
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
THE FUTURE 100
Nabta Health www.business.nabtahealth.com
2017 | SECTOR
HEALTHTECH | LOCATION
DUBAI
NABTA HEALTH COMBINES THE BEST OF DIGITAL AND TRADITIONAL CARE ALONG CLINICAL PATHWAYS TO ACCELERATE THE DIAGNOSIS AND TREATMENT OF CHRONIC DISEASES IN WOMEN.
|
P 77
| SOPHIE SMITH, FOUNDER AND CEO, NABTA HEALTH |
Nabta Health was founded to empower women in the Middle East and Africa to manage their health effectively. Today, the company operates a hybrid, subscription-based healthcare model for women in the UAE, focusing on chronic and complex disease management. Its vision, post an initial public offering, is to use what the company has built to address some of the systemic gender and racial biases in healthcare.
“WE BELIEVE THAT THE UAE HAS THE POTENTIAL TO BECOME THE GLOBAL HUB FOR INNOVATION IN WOMEN’S HEALTH. AS THE FIRST WOMEN’S HEALTH TECHNOLOGY COMPANY IN THE MIDDLE EAST, PROUDLY HEADQUARTERED IN THE UAE FROM DAY ONE, AND BACKED BY NOTABLE EMIRATI WOMEN, INCLUDING SHEIKHA SHAMSAH BINT HASHER BIN AHMED AL MAKTOUM AND MUBARAKA IBRAHIM, WE ARE WORKING TO REALIZE THIS POTENTIAL WITH THE LEADING HEALTHCARE PROVIDERS IN THE UAE, AND TO BUILD AN ECOSYSTEM OF DISCOVERY AND EXCELLENCE IN WOMEN’S HEALTH THAT IS THE ENVY OF THE WORLD.”
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
F U T U R E 1 0 0 . A E
| FOUNDED IN
THE FUTURE 100
F U T U R E 1 0 0 . A E
|
P 78
“Through Yalla Return, more than 500 tons of recyclables have been recovered, which has helped conserve over 12,215 cubic meters of landfill space, 1,753 tons of carbon dioxide, and 4,430 kilowatt hours of energy. Additionally, through Yalla Return, over 15,000 households have been empowered to recycle their waste, decreasing the need to import and extract raw materials, and generating job opportunities.”
| RABIH EL CHAAR, CO-FOUNDER AND CEO, NADEERA TECHNOLOGIES LTD |
Nadeera www.nadeera.org | FOUNDED IN
2021 | SECTOR
SUSTAINABILITY & ENVIRONMENT | LOCATION
ABU DHABI
NADEERA IS AN ENTERPRISE THAT IS INSTILLING CIRCULAR ECONOMY PRACTICES IN OUR SOCIETIES THROUGH TECHNOLOGY-ENABLED INTERVENTIONS.
Nadeera is a social enterprise that helps instill circular economy practices through technology-enabled interventions. The three pain points its product, Yalla Return, is trying to address in the waste management value chain are lack of source segregation, high waste transportation costs, and lack of quality assurance and verification for recovered recyclables. The aim is thus to to maximize the value and recoverability of disposed items, and decouple economic growth from continuous resource extraction. Through Nadeera’s technology suite, which includes mobile applications, a proprietary internet of things system for tracking, an artificial intelligence powered waste recognition software for waste inspection, smart bins, and reverse vending machines, the company has digitized and personalized the waste recovery scheme, and allowed for the end-to-end traceability of recyclables, from the point of their generation, to the point they are recirculated back into the economy, thereby giving positive impact creators ownership of their contributions.
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
THE FUTURE 100
Neutral Fuels | FOUNDED IN
2011 | SECTOR
SUSTAINABILITY & ENVIRONMENT
NEUTRAL FUELS SPECIALIZES IN LOCALLY PRODUCED ULTRA-LOW CARBON BIOFUEL MADE FROM LOCAL WASTE.
| LOCATION
“NEUTRAL FUELS TAKES LOCAL WASTE PRODUCTS, AND CONVERTS THEM IN OUR LOCAL REFINERIES INTO A DROP-IN REPLACEMENT BIOFUEL THAT IS USED TODAY IN MORE THAN 500 LOCAL SCHOOL BUSES, HUNDREDS OF TRUCKS, AND ALMOST 50 SHIPS. THIS REDUCES THE UAE’S LOCAL AIR POLLUTION, AND IT ALSO DECREASES ITS NATIONAL CARBON FOOTPRINT IN LINE WITH ITS NATIONAL STRATEGIES.”
| KARL W. FEILDER, CO-FOUNDER AND CEO, NEUTRAL FUELS |
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
F U T U R E 1 0 0 . A E
|
DUBAI
Neutral Fuels has pioneered the commercial adoption of biofuels in the Middle East and Africa region. Neutral Fuels takes waste cooking oil and fats, and converts them into standards-compliant biofuel to run fleets of ships, trucks, and school buses. This has been achieved through its state-of-the-art waste-to-energy processing technology, innovative internet of things (IoT) software and handheld apps, and cutting-edge advances in chemical engineering.
P 79
www.neutralfuels.com
THE FUTURE 100
F U T U R E 1 0 0 . A E
|
P 80
“We are helping the UAE’s population make better choices regarding the intake of nutraceutical products such as vitamins and supplements. This will result in a healthy population, leading them to live longer and healthier lives. We will also reduce healthcare costs by making better nutraceutical consumption choices, and taking the right products that have been tested for quality and label/content match.”
| YOUSUF AL YOUSUF, CO-FOUNDER, NUTRALIS |
Nutralis www.nutralis.ae | FOUNDED IN
2023 | SECTOR
HEALTHTECH | LOCATION
DUBAI
NUTRALIS IS A NUTRACEUTICAL CERTIFICATION INSTITUTE TO CERTIFY AND CLAIM AND RATE CLAIMS ON CONTENT AND QUALITY OF NUTRACEUTICAL PRODUCTS.
Nutralis has two principal offerings, one of which is a product scanner, an online platform that allows users to scan barcodes and/or product labels of vitamins and supplements, providing them with a detailed comparison and in-depth analysis of the product to choose the most suitable one. The product’s USP is that it is a one-stop shop, and it is the first-of-its-kind label scanner that does not only give one an insight into nutraceuticals, but also helps them make the right choices. The second of its offerings is a nutraceutical certification that certifies and rates the claims on the content and quality of nutraceutical products. It is a high quality and convenient solution for quality assurance and product differentiation against competitors.
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
THE FUTURE 100
“P4ML HAS A MANTRA OF EMPLOYING STRONG PHD GRADUATES TO OUR ENTITY.
A KEY FOCUSED PROGRAM FROM P4ML WILL BE TO EN-
GAGE IRELAND AND THE UNITED ARAB EMIRATES ON A KNOWLEDGE ECONOMY, AND FOSTER LOCAL EMIRATI GRADUATES.”
P4ML | SECTOR
HEALTHTECH | LOCATION
ABU DHABI
P4ML IS A HEALTHTECH COMPANY WHOSE WORLDCLASS PROPRIETARY ANALYTICAL CAPABILITIES ARE SET TO CHANGE THE WAY CARE IS DELIVERED TO PATIENTS WITH THE RAREST OF DISEASES.
| PATRICK J. MOLONEY, FOUNDER AND CEO, P4ML |
P4ML is the first multiomics solution provider, which utilizes deep learning to identify rare diseases in a day. Its mission is also to accelerate orphan drug development during newborn screening, as well as inborn errors of metabolism screening. P4ML’s Data Driven Health Intelligence platform further aggregates data from multiple omics sources, and uses advanced machine learning algorithms to inform diagnosis, prognosis, therapy selection, and drug development. Comprehensive and integrated diagnostics are set to play an increasingly important role in ensuring patients receive the right treatment at the right time, and so, distinctive analytical capabilities to integrate and interpret disparate datasets, which encompasses P4ML’s offering, will thus become a competitive advantage.
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
|
2023
F U T U R E 1 0 0 . A E
| FOUNDED IN
P 81
www.p4ml.com
THE FUTURE 100
Pravica www.pravica.io | FOUNDED IN
2020 | SECTOR
OTHER/WEB 3.0 | LOCATION
F U T U R E 1 0 0 . A E
|
P 82
DUBAI
| MOHAMED ABDOU, FOUNDER AND CEO, PRAVICA |
THE WORLD’S MOST SCALABLE AND OPENSOURCE MESSAGING INFRASTRUCTURE, PRAVICA IS BUILT ON THE FOUNDATIONAL PRINCIPLES OF WEB3, PUTTING DATA OWNERSHIP BACK IN THE HANDS OF USERS.
Pravica’s mission is to empower individuals and organizations with secure and private communication tools for the decentralized web. The blockchain-powered platform’s vision is to therefore create a world where privacy is the default. Pravica envisions a decentralized web where individuals have control over their data, and where organizations can collaborate freely without compromising privacy. The MENA region, including the UAE, is a rapidly growing market for blockchain and decentralized technologies, and there’s a growing demand for secure communication solutions that can protect sensitive information and ensure privacy in digital communications. To effectively enter and serve the MENA market, Pravica aims to conduct market research to understand the specific needs and challenges of the region, including any regulatory requirements or cultural considerations.
“PRAVICA’S SOLUTION, WHICH OFFERS SECURE, END-TO-END ENCRYPTED MESSAGING FOR DECENTRALIZED APPLICATIONS, COULD BE PARTICULARLY RELEVANT FOR ORGANIZATIONS AND INDIVIDUALS IN THE MENA REGION, WHO ARE LOOKING FOR WAYS TO COMMUNICATE SECURELY AND PRIVATELY.”
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
THE FUTURE 100
“AT PREDICTIV, WE CAN PREVENT SERIOUS DISEASES IN PEOPLE WITH THE USE OF DIGITAL TWINS, AND THAT CAN MAKE THE UAE BECOME THE BEST COUNTRY IN THE WORLD TO
F U T U R E 1 0 0 . A E
|
P 83
PROVIDE PREVENTIVE HEALTHCARE.”
| SAJUNG YUN, CEO, AND SIJUNG YUN, PRESIDENT, PREDICTIV CARE |
Predictiv www.predictivcare.com | FOUNDED IN
2020 | SECTOR
HEALTHTECH | LOCATION
ABU DHABI
PREDICTIV HAS DEVELOPED A PLATFORM THAT OFFERS ARTIFICIAL INTELLIGENCEDRIVEN PERSONALIZED HUMAN DIGITAL TWINS FOR PREDICTIVE AND PREVENTIVE HEALTHCARE.
Predictiv is building personalized digital twins to predict and prevent diseases and adverse drug reactions by analyzing 20,000 genes for 22,000 diseases and 750 drug reactions. The platform has the ability to screen 5,000 rare diseases for the children of the UAE, which will make the nation the first country in the world where all the children receive the appropriate child healthcare as soon as they are born. Predictiv also provides pharmacogenomics screening for the citizens of the UAE, and it is thus working towards ensuring that the UAE becomes the first country in the world where people suffer the least from the side effects of the medications they are taking.
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
THE FUTURE 100
“WE HAVE A STRONG MISSION AT PROGNICA LABS: TO DEMOCRATIZE THE EARLY DETECTION AND DIAGNOSIS OF BREAST CANCER BY MAKING THE ENTIRE PROCESS MORE ACCURATE, ACCESSIBLE AND AFFORDABLE.”
Prognica Labs www.prognica.com | FOUNDED IN
2019 | SECTOR
HEALTHTECH DUBAI
F U T U R E 1 0 0 . A E
|
P 84
| LOCATION
PROGNICA LABS HAS DEVELOPED A CANCER DIAGNOSTICS AND TREATMENT PLATFORM THAT LEVERAGES THE POWER OF ARTIFICIAL INTELLIGENCE AND MACHINE LEARNING TO IMPROVE CLINICAL OUTCOMES AS WELL AS TO REDUCE COSTS.
Prognica Labs is a healthtech company that aims to streamline clinical encounters and optimize outcomes through predictive analytics to improve clinical outcomes, and thereby accelerate the discovery of breakthrough advancements in the fight against cancer. Prognica utilizes evidence-based algorithms, machine learning, and computer vision to generate real-time clinical insights at all points of care through early detection and intervention. The enterprise is also constantly working towards bringing top global talent to UAE from renowned educational institutions such as Harvard, Yale, Massachusetts Institute of Technology, Brown University, and others, to participate as its advisors in life sciences and public health.
| KHALID SHAIKH, FOUNDER AND CEO, PROGNICA LABS |
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
THE FUTURE 100
Pure Harvest | SECTOR
AGRITECH | LOCATION
ABU DHABI
| SKY KURTZ, CO-FOUNDER AND CEO, PURE HARVEST |
“Our mission at Pure Harvest closely aligns and supports the UAE’s National Food Security Strategy 2051, which aims to make the UAE the world’s best in the Global Food Security Index by 2051, to develop a comprehensive national system based on enabling sustainable food production through the use of modern technologies, and to enhance local production.”
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
|
2017
Pure Harvest is a technologyenabled agribusiness, harnessing the wonders of science, the power of nature, and the passions of our people to provide the tastiest, most affordable, nutritious, and most sustainable fresh produce possible anytime anywhere. Its vision is to create a more sustainable future by reimagining farming, and changing how and where humanity produces its food. Pure Harvest delivers over 15 million kilograms of produce per year- with a fraction of the water footprint of traditional farming. It has decoupled the relationship of food production from its dependence on climate, and instead married it to energy and capital sources, making possible sustainable and economic fresh produce production anywhere.
F U T U R E 1 0 0 . A E
PURE HARVEST IS A MISSION-DRIVEN, TECHNOLOGY-ENABLED AGRIBUSINESS FOCUSED ON YEAR-ROUND, SUSTAINABLE PRODUCTION OF PREMIUMQUALITY FRESH FRUITS AND VEGETABLES.
| FOUNDED IN
P 85
www.pureharvestfarms.com
“QS Monitor digitizes and streamlines food safety requirements, documentation, and procedures for food industry stakeholders, thereby helping the UAE’s objectives to achieve food security, and become a reliable partner for food trade. We provide easy access for food exporters to the UAE market hence creating easier, faster, and cheaper access, both for suppliers and consumers.”
F U T U R E 1 0 0 . A E
|
P 86
THE FUTURE 100
| HUSEYIN BURAK KARAPINAR, CEO, QS MONITOR |
QS Monitor www.qsmonitor.com
| FOUNDED IN
2019 | SECTOR
AGRITECH | LOCATION
ABU DHABI
QS MONITOR IS A SMART FOOD SAFETY AND TRACEABILITY SOLUTION THAT ELIMINATES INEFFICIENT MANUAL PROCESSES, ERRORS DUE TO LACK OF COMMUNICATION, AND OUTDATED INFORMATION.
QS Monitor ensures food industry stakeholders that safe food is traded across the supply chain, and it also minimizes food loss due to bad agriculture and manufacturing processes for all types of foodstuff. Food safety regulations are complex and changing continuously, which creates a costly, lengthy, and ambiguous process for food traders. QS Monitor’s objective therefore is to make food safety requirements easier and more accessible for all sorts of food traders. For this purpose, it has created a network of laboratories, inspection, and certification companies in more than 80 countries, with a total of 580 service providers spread across the world. In addition, the cost of safety services is reduced by more than 60%, and turnaround time by more than 70% compared to the existing manual processes.
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
THE FUTURE 100
“WE WILL CONTINUE TO BUILD NEW IOT SOLUTIONS THAT ARE IN LINE WITH THE NEEDS OF THE UAE’S FAST ADAPTING COMPANIES. IN DOING SO, IT MAKES THESE COMPANIES MORE EFFICIENT, AND THUS MORE COMPETITIVE IN THEIR OWN BUSINESSES, AND THEREBY INCREASING THE OVERALL PRODUCTIVITY OF THE ECONOMY.”
Razrlab | SECTOR
INTELLIGENT MOBILITY | LOCATION
DUBAI
RAZRLAB is a company driven by passion to solve problems. Its primary goal is to build IoT solutions for dayto-day real-life use. It thus provides sustainable and efficiency-optimizing IoT solutions for the UAE’s tech ecosystem. Renewable energy, industrial IoT, agriculture IoT, etc. are some of the verticals RAZRLAB is investing in at present.
| RAMI AMIN, CPO, ZUBAIR AHMED, CTO, JASON GASPER, CEO, RAZRLAB |
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
|
2017
RAZRLAB IS A PROUD UAE-BASED SOFTWARE DEVELOPMENT AND SOLUTIONS PROVIDER LED BY A TEAM WITH A COMBINED EXPERIENCE OF OVER 35 YEARS IN FIELDS RELATING TO THE INTERNET OF THINGS (IOT) LIKE SOFTWARE, COMMUNICATIONS, LOGISTICS, DISTRIBUTION, FACILITIES MANAGEMENT, FINANCIAL SERVICES, AND SECURITY.
F U T U R E 1 0 0 . A E
| FOUNDED IN
P 87
www.razrlab.com
THE FUTURE 100
“REBOUND IS DIGITALIZING THE FLOW OF MATERIAL IN THE RECYCLING INDUSTRY,
F U T U R E 1 0 0 . A E
|
P 88
ALLOWING THE UAE TO BE AT THE FOREFRONT OF THE CIRCULAR ECONOMY.”
| MARYAM AL MANSOORI, GENERAL MANAGER, REBOUND |
Rebound www.reboundplasticexchange.com | FOUNDED IN
2023 | SECTOR
SUSTAINABILTY & ENVIRONMENT
REBOUND IS A GLOBAL, QUALITY ASSURED TRADING PLATFORM THAT ENABLES BUYERS AND SELLERS TO EFFICIENTLY TRADE RECYCLED PLASTIC WITH CONFIDENCE.
Rebound’s global mission is to keep plastics in the economy and out of the environment, and thereby being part of the solution to reducing plastic pollution in the world at large.
| LOCATION
ABU DHABI
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
THE FUTURE 100
Remitex | SECTOR
FINTECH | LOCATION
DUBAI
| DR. ABHISHEK JAJOO, FOUNDER AND GROUP CEO, REMITEX |
Remitex a regulatory tech company registered in Dubai, with a presence in six other countries. Since its inception in 2020, Remitex has focused on leveraging technology to meet the compliance needs in the financial industry. Besides solutions on payments and cards, its Digi Comply product is capable of mitigating all the risks financial institutions face in onboarding, transactions, ongoing monitoring, or regulatory reporting. Its low code deployment ensures that it integrates seamlessly with any core application. The company believes in a digital future, and it is fully committed to UAE’s National Digital Government Strategy 2025, as well as Dubai’s Digital Strategy, which has a vision to digitize all aspects of life, and establish a reliable, robust digital system that enhances the digital economy, and empowers a digitally driven society.
“Our unique value point is that we are the only integrated product that is connected locally to the digital channels for identification checks, and internationally as well with all major data providers, and thereby providing a single sign-on for all modules viz a viz e-know-your-customer, sanction screening, risk assessment, fraud risk, transaction screening/monitoring, and regulatory reporting.”
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
|
2020
REMITEX HAS BUILT A FULLY SCALABLE INTEGRATED LOW-CODE ANTI MONEY LAUNDERING TOOL THAT IS EQUIPPED WITH ARTIFICIAL INTELLIGENCE PROWESS.
F U T U R E 1 0 0 . A E
| FOUNDED IN
P 89
www.kycdigi.com
THE FUTURE 100
“RESTHERO IS ACTIVELY CONTRIBUTING TO SHAPING THE FUTURE OF THE UAE BY REVOLUTIONIZING E-COMMERCE AND SOCIAL COMMERCE LANDSCAPES. OUR INTEGRATED PLATFORM EMPOWERS BUSINESSES WITH CUTTING-EDGE TOOLS, INCLUDING A SOCIAL MEDIA E-STORE, SEAMLESS DELIVERY INTEGRATIONS, AND POWER-
F U T U R E 1 0 0 . A E
|
P 90
FUL MARKETING SOLUTIONS.”
| DR. ABDULLA MOHAMMED ALSHIMMARI, CEO, RESTHERO |
RestHero www.resthero.io
| FOUNDED IN
2022 | SECTOR
OTHER/ E-COMMERCE | LOCATION
DUBAI
RESTHERO IS A SOCIAL MEDIA COMMERCE PLATFORM THAT IS POWERED BY ARTIFICIAL INTELLIGENCE, WHICH ENABLES RETAILERS AND HOME-BASED BUSINESSES TO SELL DIRECTLY ON ALL SOCIAL MEDIA.
RestHero’s integrated platform provides a robust array of features, which includes a social media e-store (social commerce), direct payment gateways, seamless delivery integrations, in-depth client performance data analysis, and powerful marketing tools. With RestHero, one can fully tap into the potential of social media giants like Meta (Facebook, Instagram, and WhatsApp), and make use of its strategic partnership with TikTok. Such collaborative efforts are thus dedicated to equipping business owners with the tools they need to thrive in the ever-evolving landscape of e-commerce and social commerce.
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
THE FUTURE 100
Revent 2022 | SECTOR
SUSTAINABILITY & ENVIRONMENT | LOCATION
Revent’s purpose is to address the critical issue of trust in the secondhand electronics sector by offering a comprehensive solution through its proprietary technology, Truecheck. Truecheck is a cloud-based, quality-assessment tool that ensures consistent and reliable evaluations of used electronic devices, empowering consumers to make informed purchasing decisions. Revent’s unique value proposition thus lies in its ability to deliver trusted, high-quality pre-owned electronics, providing customers with cost-effective options while reducing e-waste.
F U T U R E 1 0 0 . A E
DUBAI
REVENT IS A TECHNOLOGYDRIVEN COMPANY WITH A MISSION TO REVOLUTIONIZE THE PRE-OWNED ELECTRONICS MARKET IN THE MENA REGION.
|
| FOUNDED IN
P 91
www.revent.store
“WHAT SETS REVENT APART IS ITS COMMITMENT TO SUSTAINABILITY, HAVING SAVED OVER 600 METRIC TONS OF CARBON DIOXIDE EMISSIONS. WE BELIEVE OUR FOCUS ON CUSTOMER SATISFACTION AND ENVIRONMENTAL RESPONSIBILITY POSITIONS US AS A LEADER IN THE UAE’S TECHNOLOGY AND SUSTAINABILITY SECTORS.”
| DHANANJAY CHOUBEY, CO-FOUNDER AND COO, BALDEEP SINGH, FOUNDER AND CEO, REVENT |
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
THE FUTURE 100
“WHAT TRULY SETS SADEEM SPACE APART ARE ITS INVENTIVE SOLUTIONS, DRIVEN BY RELENTLESS RESEARCH AND DEVELOPMENT, CONTRIBUTING TO THE GROUNDBREAKING ACHIEVEMENTS OF ITS PARTNERS. SADEEM SPACE OFFERS CUSTOMIZABLE, PRE-BUILT SATELLITE SOLUTIONS, ALLOWING CLIENTS TO PRIORITIZE PAYLOAD DEVELOPMENT, THEREBY DRIVING ADVANCE-
P 92
MENTS.”
F U T U R E 1 0 0 . A E
|
| MARYAM ALNABOODA, FOUNDER, SADEEM SPACE |
Sadeem Space www.sadeemspace.ae | FOUNDED IN
2023 | SECTOR
SPACE | LOCATION
DUBAI
SADEEM SPACE IS AN INNOVATIVE SATELLITE SOLUTIONS PLATFORM THAT AIMS TO OFFER COMPACT, POWERFUL, RELIABLE, ENABLING GROUNDBREAKING SPACE MISSIONS WITH CUTTING-EDGE TECHNOLOGY.
Sadeem Space is a company specialized in the development of satellite subsystems that is dedicated to innovation and engineering excellence in the space industry. It envisions aspiring the next generation of space-explorers and enabling them to realize that space is a source of boundless opportunities. The company’s mission is to harness its technical expertise in space technology to drive innovation, create sustainable solutions, and empower the UAE. Its spacecraft services start from initial design to tailored circuitry and testing, ensuring the reliability and robustness of its space systems. In a realm where precision and innovation meet, Sadeem Space emerges as a key partner, contributing to the UAE’s stellar space ambitions, one mission at a time. The growth of the company and similar space startups therefore stimulates the development of the UAE’s space ecosystem, thereby growing related industries, like manufacturing, robotics, and telecommunications, creating job opportunities, and contributing to economic diversification.
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
THE FUTURE 100
“SARSATX AIMS TO BE THE LEADING AND MOST INNOVATIVE ARAB COMPANY IN SPACE INDUSTRIES AND SERVICES!”
SARsatX | FOUNDED IN
2019 | SECTOR
SPACE | LOCATION
By utilizing earth observation, SARsatX can be proactive and help its clients to make better decisions in many applications such as deforestation, border security, disasters, search and rescue, oil leakage, and urban development. SARsatX is also able to guarantee reliable and recent data within four hours form the moment you give the company a call.
AHMED ALZUBAIRI, CEO, AMRU ALAMOUDI, COO, MUHANNAD ALMUTAIRI, CBO, MICHAEL INGGS, CTO, MATTHEW MCCABE, CSO, SARSATX |
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
F U T U R E 1 0 0 . A E
|
ABU DHABI
SARSATX IS A SPACE STARTUP THAT DELIVERS NEAR-REAL-TIME EARTH OBSERVATION DATA AND ANALYTICS INDEPENDENT OF WEATHER CONDITIONS, DAY OR NIGHT, WHICH ASSISTS DECISION MAKING.
P 93
www.sarsatarabia.com
THE FUTURE 100
“OUR PURPOSE IS TO HELP EVERYONE CREATE WEALTH BY MAKING THEIR MONEY WORK, SMARTLY. WE STAND BY THE PRINCIPLES OF BEING SIMPLE, ACCESSIBLE, INNOVATIVE,
F U T U R E 1 0 0 . A E
|
P 94
AND TRANSPARENT.”
| JAD SAYEGH, CTO, NADINE MEZHER, CMO, MARK CHAHWAN, CEO, SARWA |
Sarwa www.sarwa.co | FOUNDED IN
2017 | SECTOR
FINTECH | LOCATION
ABU DHABI
SARWA IS A ONE-STOP SHOP FINANCIAL TECHNOLOGY PLATFORM FOR INVESTING AND MONEY MANAGEMENT.
Sarwa is on a mission to help everyone put their money to work. The one-stop app offers hands-off auto-investing with Sarwa Invest, do-it-yourself trading of stocks and exchange traded funds with Sarwa Trade, as well as a high-yield cash account with Sarwa Save. Sarwa makes investing easy and affordable by using technology to drive down costs. With a large product offering, clients can choose how they want to invest based on their goals and values. Sarwa also looks after retail investors in the UAE by helping them invest and save. The UAE’s financial institutions tend to focus on the top 1%, and so, Sarwa ensures the others get proper advice and products to help them achieve financial independence.
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
THE FUTURE 100
Seafood Souq | SECTOR
SUSTAINABILITY & ENVIRONMENT | LOCATION
SEAFOOD SOUQ HAS BUILT A DIGITAL PLATFORM FOR GLOBAL SEAFOOD SUPPLY CHAINS, PROVIDING EFFICIENCY, TRANSPARENCY, AND TRACEABILITY.
DUBAI
| SEAN DENNIS, FOUNDER AND CEO, FAHIM AL QASIMI, FOUNDER AND CIO, SEAFOOD SOUQ |
Seafood Souq is an impactfocused digital ecosystem catering to the global seafood market, providing digital products tailored to actors in the seafood supply chain. The company has established itself as a network orchestrator, focusing its activities around trade operations and tracing the entire journey of fish, from ocean to plate. Through digitization, Seafood Souq aims to foster a transparent supply chain, bolstering food security, eradicating fraudulent practices, promoting responsible choices, and contributing to a sustainable future.
“WE ARE DEDICATED TOWARDS FOOD SECURITY, DIGITIZATION OF GLOBAL SUPPLY CHAINS, AND EXPORTING TECHNOLOGY FROM THE REGION TO THE WORLD.”
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
|
2018
F U T U R E 1 0 0 . A E
| FOUNDED IN
P 95
www.seafoodsouq.com
THE FUTURE 100
“SHAFFRA IS ACTIVELY CONTRIBUTING TO THE UAE’S FUTURE BY ALIGNING WITH ITS DIGITAL TRANSFORMATION GOALS. AS A PIONEERING GCC-BASED METAVERSE-AS-A-SERVICE PROVIDER, WE ARE AT THE VANGUARD OF INTEGRATING AI AND METAVERSE TECHNOLO-
F U T U R E 1 0 0 . A E
|
P 96
GIES INTO THE REGION’S DIGITAL ECOSYSTEM.”
| MARC WEHBI, CO-FOUNDER AND CTO, ALHARITH ALATAWI, CO-FOUNDER AND CEO, ALFRED MANASSEH, CO-FOUNDER AND CHIEF METAVERSE OFFICER, SHAFFRA |
Shaffra www.shaffra.com | FOUNDED IN
2022 | SECTOR
OTHER/AI | LOCATION
DUBAI
SHAFFRA IS A PLATFORM THAT IS REVOLUTIONIZING THE METAVERSE WITH AN ARTIFICIAL INTELLIGENCE (AI)DRIVEN WORKFORCE, SHAPING TOMORROW’S DIGITAL REALMS TODAY.
Shaffra stands at the forefront of metaverse innovation, offering an unparalleled metaverse-as-a-service platform. As a deep tech company, it empowers businesses and governments to build their own customized digital universes. Its unique value lies in its proprietary metaverse engine that facilitates seamless, device-agnostic experiences, integrating robust data analytics and AI-enhanced interactivity. This AI-driven workforce not only elevates user experiences, but also ensures efficient, intelligent operations within these virtual realms. By offering a subscription-based model, Shaffra makes metaverse creation accessible and costeffective. Its vision is to democratize the metaverse, making it an open world ecosystem where SMEs can thrive.
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
THE FUTURE 100
Sila Insights | SECTOR
OTHER/AI | LOCATION
DUBAI
Sila is a pioneer in AI-driven natural language processing that specializes in Arabic dialects and sentiment analysis. Its core mission is to bridge the gap in understanding Arabic-speaking consumers by leveraging cutting-edge AI technology. This focus allows it to offer unprecedented insights into a diverse and complex market that is often underserved and misunderstood. Sila’s unique value proposition lies in its ability to analyze a vast array of data sources in Arabic, offering native-level comprehension and sentiment analysis. By doing so, it enables businesses to make more informed decisions, tailor their strategies more effectively, and connect with their Arabic-speaking audience on a deeper level.
“AT SILA, WE BELIEVE IN THE POWER OF CONNECTION. OUR TECHNOLOGY NOT ONLY DECIPHERS LANGUAGE, BUT ALSO BUILDS BRIDGES, FOSTERING BETTER UNDERSTANDING AND COMMUNICATION BETWEEN BUSINESSES AND ARABICSPEAKING COMMUNITIES WORLDWIDE.”
| PAUL KELLY, CO-FOUNDER AND CEO, SILA INSIGHTS |
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
|
2018
SILA INSIGHTS HAS BUILT A TECH PLATFORM THAT IS REVOLUTIONIZING ARABIC LANGUAGE ANALYSIS WITH ARTIFICIAL INTELLIGENCE (AI)-POWERED SENTIMENT AND DIALECT UNDERSTANDING FOR UNPARALLELED MARKET INSIGHTS.
F U T U R E 1 0 0 . A E
| FOUNDED IN
P 97
www.silainsights.com
THE FUTURE 100
“SINTEREX IS ENABLING COMPANIES TO ‘MAKE IN THE EMIRATES.’ THROUGH LOCALIZATION OF PRODUCTION CAPABILITIES, WE ARE GIVING UAE-BASED COMPANIES A STRATEGIC ADVANTAGE OVER INTERNATIONAL COMPETITORS, ENABLING THEM TO GET TO MARKET FASTER, ACHIEVE LOWER COSTS PER UNIT, AND DECREASE THEIR ENVIRONMENTAL FOOTPRINT.”
Sinterex www.sinterex.com | FOUNDED IN
2017
F U T U R E 1 0 0 . A E
|
P 98
| SECTOR
ADVANCED MANUFACTURING | LOCATION
DUBAI
| JULIAN CALLANAN, CEO, SINTEREX |
SINTEREX IS A LAST MILE MANUFACTURER THAT ENABLES COMPANIES TO MAKE MISSION CRITICAL PARTS WHERE AND WHEN THEY ARE REQUIRED.
Sinterex’s mission is to fundamentally change where things are made. Today, 72% of global manufacturing capacity is centralized in just 10 countries. Sinterex’s purpose is to decentralize where things are made by localizing the production process, and creating a greener, more efficient, more agile, more cost-effective on-demand economy. It does this through its digital technology ordering platform, the use of advanced manufacturing tech such as 3D printing, and a global network of micro-factories. Sinterex is therefore a part of the UAE’s move towards developing a local advanced manufacturing economy that will support the domestic economy, but also export internationally.
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
THE FUTURE 100
| MOSSAB HUSSEIN, CSO, RAMI EL MALAK, CEO, SPIDERSILK |
F U T U R E 1 0 0 . A E
|
P 99
“We are net importers of cybertech in our region, and that is an issue from a national cyber defense perspective. Our proprietary tech is from the UAE, for the UAE, and beyond.”
SpiderSilk www.spidersilk.com | FOUNDED IN
2019 | SECTOR
CYBERSECURITY | LOCATION
DUBAI
SPIDERSILK HAS BUILT AN ARTIFICIAL INTELLIGENCE (AI)-POWERED EXTERNAL EXPOSURE MANAGEMENT PLATFORM FOR COMPLETE VISIBILITY INTO CYBER THREATS.
Backed by Global Ventures, STV, and Aramco, SpiderSilk is the first AI cybersecurity product company to come out of the Middle East and go international. It specializes in external exposure management and attack surface defense, and its proprietary technology is now protecting global organizations like Unisys and Hitachi, and regional ones like STC Solutions, ADNOC, and more. Meanwhile, its national cyber defense platform is shielding government agencies in the KSA, UAE, and Jordan from global threats posed by cybercrime syndicates and nation state actors. In fact, that platform is currently overseeing over 7,000 assets across 60 federal agencies in the UAE on behalf of the Telecommunications and Digital Regulatory Authority.
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
THE FUTURE 100
“WE AIM TO REMOVE MORE THAN 8,000 TONS OF CARBON DIOXIDE FROM THE ATMOSPHERE IN THE NEXT FIVE YEARS BY REPLACING THE INTERNAL COMBUSTION ENGINE-BASED MOTORBIKES, AND WE ALSO LOOK FORWARD TO CREATING MORE JOBS FOR EMIRATI AND LOCAL CADRES!”
Sulmi www.sulmi.ai | FOUNDED IN
2019 | SECTOR
INTELLIGENT MOBILITY
SULMI IS A UAE-BASED COMPANY THAT HAS DEVELOPED AN ADVANCED ELECTRIC MOTORBIKE WITH AN INTELLIGENT RIDER ASSIST SYSTEM.
SHARJAH
| RASHID AL SALMI, FOUNDER AND CEO, SULMI |
F U T U R E 1 0 0 . A E
|
P 100
| LOCATION
Sulmi has built the first all-electric motorbike in the UAE and the region, with a technology built by Emiratis and Arabs. With the delivery sector being one of the biggest in the region, Sulmi is solving transportation challenges related to it, and its Rider Assist system aims to save lives by enhancing the driving behavior from riders and drivers in the next five to seven years.
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
| MOHAMAD ABSI HALABI, CEO, AHMAD ABSI, HEAD OF PRODUCT, OMAR ABSI, HEAD OF GROWTH, SWFTBOX |
“WE ARE RESHAPING LOGISTICS BY LEVERAGING THE SHARING ECONOMY, AND CONNECTING DEMAND WITH SUPPLY THROUGH OUR AI, TO OPTIMIZE ASSET UTILIZATION, ENHANCE SERVICE LEVELS, AND REDUCE THE NUMBER OF VEHICLES ON THE ROAD, TO REDUCE CONGESTION, AND MINIMIZE ENVIRONMENTAL IMPACT.”
Swftbox www.swftbox.com
| FOUNDED IN
2020 | SECTOR
INTELLIGENT MOBILITY | LOCATION
DUBAI
SWFTBOX IS AN ARTIFICIAL INTELLIGENCE (AI)-POWERED PLATFORM THAT OFFERS RETAILERS THE CHANCE TO MAKE USE OF SAME-DAY SHIPPING THROUGH ITS COURIER NETWORK.
The Swftbox platform aggregates retailer shipments, batches them into dense delivery routes, and assigns them to its courier network. This therefore gives retailers faster delivery speeds and better rates, while couriers achieve better returns on their fleet with simpler operations and lower cost to onboard new retailers.
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
F U T U R E 1 0 0 . A E
|
P 101
THE FUTURE 100
THE FUTURE 100
“THE WASTE LAB IS BUILDING A COMMUNITY OF INDIVIDUALS AND BUSINESSES THAT PRACTICE PROPER FOOD WASTE SEGREGATION AT SOURCE, WHICH, IN TURN, IS DIVERTED FROM LANDFILLS, AND CONTRIBUTES TO THE NE’MA PLEDGE, A COLLABORATION BETWEEN THE UAE MINISTRY OF CLIMATE CHANGE AND ENVIRONMENT AND THE ABU DHABI CROWN PRINCE’S COURT TO REDUCE FOOD LOSS AND WASTE, ENCOURAGE SOCIAL RESPONSIBILITY, AND PROMOTE THE PRINCIPLES OF SUSTAINABILITY, IN LINE WITH UAE’S GOAL TO HALF
F U T U R E 1 0 0 . A E
|
P 102
FOOD WASTE BY 2030.”
| CEYLAN UREN, CO-FOUNDER AND CEO, LARA HUSSEIN, CO-FOUNDER AND CEO, THE WASTE LAB |
The Waste Lab www.thewastelab.com
| FOUNDED IN
2021 | SECTOR
SUSTAINABILITY & ENVIRONMENT | LOCATION
DUBAI
THE WASTE LAB IS AN IMPACTDRIVEN, DATA-FOCUSED, AND TECH-ENABLED COMPANY THAT IS DIVERTING FOOD WASTE FROM LANDFILLS THROUGH NATURE-BASED REPURPOSING SOLUTIONS.
The Waste Lab specializes in nature-based composting of food scraps and leftovers, customizing its services to meet the unique needs of various establishments, including cloud kitchens, hotels, restaurants, households, canteens, schools, and universities. Its mission is to turn every food scrap into an opportunity that benefits local soil, farms, food production, and job creation. The Waste Lab also hosts various workshops and activities to build a community that practices appropriate organic waste sorting at source, disposal, and repurposing.
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
THE FUTURE 100
Udenz www.udenz.io
HEALTHTECH | LOCATION
UMM AL QUWAIN
setting the stage for a future where AI-driven solutions become the norm in medical practice. Its impact extends beyond immediate healthcare improvements, positioning the UAE as a pioneer in healthtech innovation, and paving the way for similar advancements across various medical fields. Udenz’s contribution is therefore a vital step towards realizing a more technologically advanced, health-centric future in the UAE.
“AS AN AI-POWERED DENTAL PLATFORM, WE ARE TRANSFORMING DENTAL CARE ACCESSIBILITY AND EFFICIENCY IN THE MENA REGION.”
| DR. HISHAM SAFADI, CO-FOUNDER AND CEO, UDENZ |
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
P 103
| SECTOR
|
2016
Udenz is catalyzing a futuristic shift in the UAE’s healthcare landscape by integrating artificial intelligence in dental care. This platform epitomizes the UAE’s vision of embracing cutting-edge technology to advance health services. By facilitating seamless access to dental care and enhancing practice management, Udenz is not just improving current healthcare standards, but it is also
F U T U R E 1 0 0 . A E
UDENZ IS THE FIRST ARTIFICIAL INTELLIGENCE (AI)-POWERED PLATFORM FOR DENTAL DIAGNOSTICS AND PRACTICE MANAGEMENT.
| FOUNDED IN
THE FUTURE 100
“THROUGH AN ENTIRELY DIGITAL PROCESS, UDRIVE IS ABLE TO CONNECT PEOPLE WITH ACCESS TO VEHICLES ANYWHERE, EVERYWHERE. THE ADOPTION OF TECH-BASED EFFICIENT MOBILITY ALLOWS FOR A SEAMLESS EXPERIENCE TO BECOME AVAILABLE TO THE MASS MARKET, WHILE REDUCING THE NUMBER OF PASSENGER VEHICLES ON THE ROAD. BOTH RESIDENTS AND TOURISTS ALIKE ARE ABLE TO ACCESS A WIDE RANGE OF VEHICLE TYPES FOR EVERY NEED, ALL WITH ZERO DEPOSIT, AND FUEL INCLUDED, IN ONE TRANSPARENT
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AFFORDABLE COST.”
| HASIB KHAN, CO-FOUNDER AND CHAIRMAN, NIC WATSON, CO-FOUNDER AND CEO, UDRIVE |
Udrive www.udrive.ae | FOUNDED IN
2016 | SECTOR
INTELLIGENT MOBILITY | LOCATION
DUBAI
DELIVERING ON-DEMAND MOBILITY THROUGH ITS DIGITAL ECOSYSTEM, UDRIVE IS THE LARGEST CAR SHARING PLATFORM IN THE REGION.
Founded in 2016 by Nicholas Watson and Hasib Khan, Udrive offers ondemand car rental services through a mobile application. By operating a growing fleet of over 1,000 vehicles in the UAE, it is optimizing the way people move around the UAE. The platform is known for its innovative approach to mobility through its free float approach, which gives access to its fleet and vehicle rental services on per-minute and per-day rental models. Udrive has thus been successful in establishing a loyal customer base, notably in resident expats based in the UAE.
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
THE FUTURE 100
Uktob | SECTOR
OTHER/AI | LOCATION
DUBAI
Uktob has built a potential of cuttingedge autonomous AI agents that is transformative for enterprise customers by giving them the ability to create and deploy AI agents that replace human employees in under five minutes. This technology dramatically transforms efficiency in sales, marketing, customer experience, and operations. The impact is substantial, offering remarkable productivity and efficiency gains. For instance, Uktob’s AI agents boast a median response time of just one minute, significantly outperforming the human median of 45 minutes. This not only saves time but also drastically cuts costs, with AI interactions costing US$0.13 compared to $2.58 for human interactions.
| KAREEM AYYAD, FOUNDER AND CEO, EMAD AYYAD, CO-FOUNDER AND CTO, UKTOB.AI |
“UKTOB IS ACTIVELY CONTRIBUTING TO THE UAE’S FUTURE WITH ITS AI AGENTS TECHNOLOGY. WE’RE RUNNING PILOTS WITH DUBAI AIRPORTS, DUBAI COURTS, DUBAI SPORTS COUNCIL, MOHAMMAD BIN RASHID LIBRARY, AND PUBLIC PROSECUTION, DEMONSTRATING OUR TECH’S TRANSFORMATIVE IMPACT ON THE ECONOMY BY BOOSTING REVENUES, CUTTING COSTS, AND ENHANCING PRODUCTIVITY.”
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
|
2023
UKTOB HAS BUILT A GENERATIVE ARTIFICIAL INTELLIGENCE (AI) PLATFORM AND AI AGENTS FOR THE MENA REGION.
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| FOUNDED IN
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www.uktob.ai
THE FUTURE 100
“VALEO HEALTH IS YOUR TRUSTED HEALTH PARTNER, HELPING YOU LEARN HOW TO TAKE CARE OF YOUR HEALTH. VALEO HEALTH OFFERS CONVENIENT AT-HOME BLOOD TEST SERVICES, EXPERT CONSULTATIONS, PERSONALIZED TREATMENT PLANS, AND TOP-QUALITY SUPPLEMENTS, ALL ACCESSIBLE THROUGH A USER-FRIENDLY APP AND WEBSITE. WITH VALEO HEALTH, YOU CAN EFFORTLESSLY MANAGE YOUR HEALTH. THANKS TO OUR INNOVATIVE TECHNOLOGY, YOU HAVE EASY ACCESS TO TESTING, MONITORING, AND TRACKING YOUR HEALTH.”
Valeo Health www.feelvaleo.com | FOUNDED IN
F U T U R E 1 0 0 . A E
|
P 106
2021 | SECTOR
VALEO MAKES TAKING CARE OF YOUR HEALTH EASY AND CONVENIENT.
HEALTHTECH | LOCATION
DUBAI
| SUNDEEP SAHNI, CO-FOUNDER AND CEO, NADIN KARADAG, CO-FOUNDER AND COO, VALEO HEALTH |
Valeo Health is at the forefront of shaping the future of the UAE’s healthcare landscape, significantly impacting the well-being of its population. With a commitment to providing top-notch healthcare services, Valeo Health is addressing the pressing health concerns of the nation, notably the high prevalence of diabetes. By implementing innovative and comprehensive healthcare solutions, Valeo Health is not only treating, but also preventing and managing diabetes effectively. This proactive approach is instrumental in making the people of the UAE healthier, and fostering a culture of wellness. Valeo Health’s dedication to improving healthcare outcomes is a pivotal force in positively shaping the nation’s future health trajectory.
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
THE FUTURE 100
Verity www.veritytheapp.com
2021 | SECTOR
FINTECH
VERITY IS A FAMILY MONEY MANAGEMENT AND FINANCIAL LITERACY APP, PAIRED WITH A PREPAID DEBIT CARD FOR YOUTH.
| LOCATION
Verity strives to boost financial literacy among the UAE’s youth through a comprehensive money management app and prepaid debit card. The app digitizes allowances, encourages paid chores, and facilitates instant money transfers. It serves as a platform for children to learn budgeting under parental guidance, allowing them to set saving and giving goals, and get personalized insights into their financial habits.
|
DUBAI
P 107
| FOUNDED IN
FOR A SIGNIFICANT ROLE IN THE DIGITAL ECONOMY.”
| KAMAL AL-SAMARRAI, DINA SHOMAN, AND OMAR AL-SHARIF, CO-FOUNDERS, VERITY |
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
F U T U R E 1 0 0 . A E
“VERITY IS COMMITTED TO EMPOWERING THE UAE’S YOUTH WITH FIRSTHAND EXPERIENCE IN ESSENTIAL FINANCIAL LIFE SKILLS, PREPARING THEM
THE FUTURE 100
“VEROFAX IS A UAE-BASED AND AWARD-WINNING TECH COMPANY THAT HELPS BRANDS ACCELERATE TOWARDS NET ZERO BY ENABLING PRODUCT SUSTAINABILITY CREDENTIALS VALIDATION, AND DIRECT CONSUMER ENGAGEMENT IN RESPONSIBLE LIFESTYLES AND
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VOLUNTARY CARBON OFFSETS.”
| WASSIM MERHEBY, CO-FOUNDER AND CEO, JAMIL ZABLAH, CO-FOUNDER AND COO, VEROFAX |
Verofax www.verofax.com | FOUNDED IN
2018 | SECTOR
SUSTAINABILITY & ENVIRONMENT | LOCATION
ABU DHABI
VEROFAX IS A GLOBAL TRADE COMPLIANCE MANAGEMENT SOLUTION, POWERED BY DIGITAL COMMODITY PASSPORTS FOR AUTOMATED VERIFICATION.
Headquartered at Abu Dhabi Global Market (ADGM), Verofax holds the in-country value (ICV) certification, a program initiated by the Abu Dhabi National Oil Company to encourage and incentivize local companies to participate in the oil and gas industry by boosting their contributions to the UAE’s economy. It also received a Hub71 subsidy award and is the winner of the EGA Ram-up Awards, C3 Social Impact Accelerator Challenge 2021, and LEAP AI Challenge Award. Verofax has also been supported by leading UAE accelerator programs, such as Mohammed Bin Rashid Innovation Fund, Dubai Multi Commodities Centre, EGA, Beeah Sustainable Challenges, Bedayat SEE Institute, Ma’an Social Incubator, and UAE Carbon Alliance.
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
THE FUTURE 100
Vuz www.vuz.com VUZ IS THE FIRST IMMERSIVE SOCIAL VIDEO PLATFORM THAT IS BACKED BY TOP-TIER VENTURE CAPITAL FUNDS FROM AROUND THE WORLD.
| FOUNDED IN
2017 | SECTOR
CREATIVE INDUSTRIES | LOCATION
As an enterprise, VUZ’s vision is to help millions of people teleport in time to top experiences around the world by giving them the power to choose what they want to see, how to see it, and when to see it, therefore removing constraints of travel, time and access.
DUBAI
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P 109
| KHALED ZAATARAH, FOUNDER AND CEO, VUZ |
“We are building the next media unicorn from the UAE to the world by building a global success story and a media platform that builds on authenticity, and connects millions of people globally together.”
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
THE FUTURE 100
“WELLX IS REVOLUTIONIZING HEALTH INSURANCE IN THE MENA REGION BY INFUSING FUN AND GAMIFICATION INTO THE EXPERIENCE. THIS INNOVATIVE APPROACH PROMOTES PREVENTIVE HEALTHCARE, REDUCING SICKNESS AND HEALTHCARE COSTS. WELLX ENGAGES CUSTOMERS DAILY, NOT JUST IN CRISIS, TRANSFORMING THE TRADITIONAL INSURANCE MODEL. BY MAKING INSURANCE EXCITING AND PROACTIVE IN MANAGING WELLBEING AND RISKS, WELLX IS CHANGING HOW USERS EXPERIENCE INSURANCE, EMPHASIZING CONTINUOUS
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ENGAGEMENT AND A HEALTHIER FUTURE.”
Wellx
| VAIBHAV KASHYAP, CO-FOUNDER AND CEO, ANUSHKA PATCHAVA, CO-FOUNDER AND CPO, JAVED AKBERALI, CO-FOUNDER AND MANAGING DIRECTOR, WELLX |
www.wellxai.com
| FOUNDED IN
2021 | SECTOR
FINTECH | LOCATION
DUBAI
WELLX IS A PREVENTIONFOCUSED DIGITAL HEALTH INSURANCE PLATFORM.
Wellx is revolutionizing UAE’s health landscape by aligning with the national strategy for wellbeing and longevity. In a country with universal health insurance and a high prevalence of lifestyle diseases, Wellx’s proactive, gamified approach to health insurance is critical. By engaging users daily in preventive healthcare, Wellx tackles diseases like diabetes and cardiovascular issues, which affect over 60% of the population. This shift from reactive to proactive health management enhances the overall wellbeing and longevity of UAE residents, making a significant impact on the nation’s health future.
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
THE FUTURE 100
2020 | SECTOR
INTELLIGENT MOBILITY | LOCATION
ABU DHABI
BY LEVERAGING CUTTING-EDGE TECH AND ARTIFICIAL INTELLIGENCE, WEWALK CREATES REVOLUTIONARY ACCESSIBILITY TOOLS FOR SOCIETY, DRIVEN BY LIVED EXPERIENCES.
| GOKHAN MERICLILER AND KURSAT CEYLAN, CO-FOUNDERS, WEWALK |
smartphone application that can be used even without the smart cane connected. WeWALK is also the first solution to provide multimodal navigation where a visually impaired user can navigate through walking and public transit routes in one seamless journey, with WeWALK notifying the user of when to board and alight transit vehicles, including buses and trains. WeWALK is also the first to combine this custom-built navigation experience with autonomous exploration options and a hardware cane-based device with voice feedback. WeWALK is thus one of the most accessible navigation solutions available, validated through awards including a TIME Best Invention, Edison Gold Award, and Amazon Startup of the Year.
“WITH AN OFFICE SET UP AT HUB71 IN ABU DHABI, WEWALK BELIEVES IN ITS POTENTIAL TO GROW AND DEVELOP IN THE MENA REGION. THERE’S A MASSIVE PUSH TO ACKNOWLEDGE PEOPLE OF DETERMINATION’S RIGHTS IN EDUCATION AND EMPLOYMENT, AND WEWALK WANTS TO FOLLOW THE FAST-PACED DEVELOPMENT OF TECHNOLOGY IN THE UAE. WEWALK HAS SEVERAL ANGEL INVESTORS IN ABU DHABI AND DUBAI AND IS CONSIDERING LAUNCHING PILOT PROJECTS, POTENTIALLY WITH E& AND MICROSOFT, IN THE NEAR FUTURE.”
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
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| FOUNDED IN
|
www.wewalk.io
WeWALK’s goal is to make mobility truly inclusive, giving its own visually impaired team members, and society as a whole, equal participation in everyday life. Its features have been meticulously built based on learnings from user requirements testing and alternative products within the market. WeWALK is the first smart cane to feature obstacle detection and a truly comprehensive
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WeWALK
THE FUTURE 100
“WE AT XARE DRIVE THE UAE’S FINANCIAL INNOVATION AGENDA IN FOUR KEY WAYS. AS A UAE-BORN FINTECH, WE’RE SCALING A NOVEL TECH STACK GLOBALLY, SHOWCASING OUR NATION’S LEADERSHIP IN FINANCIAL TECHNOLOGY. WE ENHANCE THE UAE’S FINANCIAL ROBUSTNESS BY RETAINING FUNDS WITHIN LOCAL BANKS WHILE ENABLING GLOBAL TRANSACTIONS. OUR PLATFORM ALIGNS WITH THE UAE’S VISION FOR A DECENTRALIZED, EQUITABLE FINANCIAL SYSTEM, CEMENTING ITS STATUS AS A FINANCIAL INNOVATOR. XARE ALSO FURTHERS THE UAE’S HUMANITARIAN GOALS BY IMPROVING THE LIVES OF MARGINALIZED GROUPS WORLDWIDE, AND EMBODYING THE NATION’S COMMITMENT TO GLOBAL SOCIAL IMPACT.”
Xare P 112
www.xare.co | FOUNDED IN
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2021
XARE IS THE WORLD’S FIRST CREDIT AND DEBIT CARD SHARING PLATFORM.
| SECTOR
FINTECH | LOCATION
DUBAI
Xare pioneers shared financial services globally, catering to a fundamental but often overlooked reality: while financial products are traditionally designed for income earners, two-thirds of the world’s population does not work. These dependents, who collectively spend nearly US$25 trillion annually, have to turn to income earners to gain financial access. By enabling income earners to share their financial access such as credit/debit cards, Xare empowers income earners to become effective financial providers for their dependents. Sharers can set specific limits and controls on where the money is spent, ensuring better financial management. While originally designed to disrupt remittances, Xare now caters to three million users across 175+ countries, making it one of the most global fintech companies in the world. By turning income earners into personal banks for their dependents, Xare is effectively building a global network of a billion banks, redefining financial sharing for the masses, and making money social.
| PADMINI GUPTA, CO-FOUNDER AND CEO, XARE |
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
THE FUTURE 100
Yabi by Souqalmal www.yabimoney.com | FOUNDED IN
2022 | SECTOR
YABI BY SOUQALMAL IS THE FIRST FINANCIAL EDUCATION PLATFORM IN THE UAE.
EDUTECH | LOCATION
“The financial literacy rate in the UAE is around 30%, and it is below global average. Yabi is here to solve this. Bringing online classes by the UAE experts, such as the CEO of Al Etihad Credit Bureau, CFO of du, CIO of EmiratesNBD, brings credibility to our program. Increasing financial literacy is directly correlated with gross domestic product growth, as residents understand how to use credit, and start investing their money back into the market, creating a multiplier effect.”
| AMBAREEN MUSA, FOUNDER AND CHIEF EXECUTIVE OFFICER, YABI BY SOUQALMAL |
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
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DUBAI
Yabi by Souqalmal’s mission is to educate two million adults by 2025 about how to manage their money. Yabi is the first financial education platform in the UAE with online classes about personal finance, which ranges from budgeting, to how to allocate their assets. The company teaches UAE residents how to budget, how to invest, how to get credit- all of this to bring them to financial independence.
THE FUTURE 100
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“Unlike other sectors like food ordering or e-commerce, last-mile customer experience for a parent and an institution still carries a lot of friction. Old approaches continue. Our aspiration is to redesign financial services, contextualized for solving specific use cases of schools/institutions and parents, in a manner not done so far.”
| RAMAN THIAGARAJAN AND HASEEB AHMED, CO-FOUNDERS, ZENDA |
Zenda www.zenda.com | FOUNDED IN
2021 | SECTOR
OTHER/ TECHNOLOGY | LOCATION
DUBAI
ZENDA IS A MODERN APP FOR FAMILIES THAT SIMPLIFIES DISCOVERY AND PAYMENTS FOR TUITION AND EDUCATIONRELATED SERVICES.
Zenda is a modern technology-led service focused on and purpose-built for the education sector. On one side is a friendly app for families that simplifies discovery and payments, for tuition- and education-related services. On the other side, Zenda’s innovative technology stack integrates deeply with the platforms used in the educational sector, thereby enabling end-to-end digitization, improving controls and cash-flow predictability, and eliminating manual efforts/reconciliations. Today, Zenda serves 23% of the K-12 market in the UAE. Additionally, it is already present in 300+ schools across India and Qatar, with pilot schools going live in KSA and Bahrain in December as well. As a company, its mission is simply to help families thrive.
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
THE FUTURE 100
“PRIVATE MARKETS THAT ARE EFFICIENT, TRANSPARENT, AND LIQUID ARE A CORNERSTONE FOR THE ADVANCEMENT OF ANY FINANCIAL MARKET. WITH AN ESTIMATED TOTAL ADDRESSABLE MARKET OF US$920 BILLION ACROSS EMERGING MARKETS, WE ARE BUILDING A PLATFORM WITH AN AIM TO REENFORCE THE UAE’S CREDIBILITY AND DOMINANCE AS A BEST-PRACTICE JURISDICTION TO TRANSACT IN, BOTH TODAY AND IN THE FUTURE.”
Zest Equity | SECTOR
FINTECH | LOCATION
ABU DHABI
Zest Equity is digitizing private market transactions, building tools to streamline how entrepreneurs, funds, and investors transact. The company’s platform is designed to save you time and reduce administrative costs, simplifying the endto-end transaction process, whilst ensuring best-practice methodologies and governance are employed.
| ZUHAIR SHAMMA AND RAWAN BADDOUR, CO-FOUNDERS, ZEST EQUITY |
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
|
2021
ZEST EQUITY HAS BUILT DIGITAL INFRASTRUCTURE TO POWER YOUR PRIVATE MARKET TRANSACTIONS.
F U T U R E 1 0 0 . A E
| FOUNDED IN
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www.zestequity.com
THE FUTURE 100
“WE HAVE DEMONSTRATED A VERY STRONG COMMITMENT TO THE UAE WITH THE HEADQUARTERS IN DUBAI, AND OUT OF 75 EMPLOYEES GLOBALLY, 65 ARE BASED IN DUBAI INTERNET CITY. OUR BUSINESS IS BACKED BY STRONG INVESTORS, INCLUDING DUBAI TECHNOLOGY ENTREPRENEUR CAMPUS, WAMDA CAPITAL, AND TEMARIS, WHILE WE COUNT THE LIKES OF WIO, DAMAC, AL TAYER, MUSEUM OF THE FUTURE, AJMAN POLICE, TABBY, AND CAFU AMONG OUR CUSTOMERS. WE WANT TO BE THE NEXT UAE
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UNICORN!”
| ERIC OUISSE, CO-FOUNDER AND CTO, RENAUD DE GONFREVILLE, CO-FOUNDER AND CEO, ZIWO |
Ziwo www.ziwo.io | FOUNDED IN
2011 | SECTOR
OTHER/ TECHNOLOGY | LOCATION
DUBAI
ZIWO IS A LEADING CLOUDBASED TELEPHONY SYSTEM IN THE MIDDLE EAST (CCAAS)
Ziwo provides businesses with access to an industry-leading cloud contact center solution. The software includes advanced features such as call tracking, virtual phone numbers in 150+ countries, call masking, end call survey, real-time reporting, and more. Plus, with a subscription, businesses will always have access to the latest updates and new features as they’re released. Ziwo business model is a software-as-a-service model with a monthly subscription starting at US$109 per user. It is present in all the GCC with its own virtual points-of-presence and local cloud hosting services, connecting more than 150 countries. The solution is ISO 27001 certified, and it was ranked 11th on the Deloitte Fast 50 list, a program that recognizes fast growing technology companies in the Middle East and Cyprus, in 2023.
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
THE FUTURE 100
Zywa | SECTOR
FINTECH | LOCATION
ABU DHABI
| ALOK KUMAR, CO-FOUNDER AND CEO, NUHA HASHEM, CO-FOUNDER AND CTO, ZYWA |
Zywa is a first-of-its-kind gamified community-based app and MasterCard card, specifically designed for Gen Z. Through this platform, teenagers and young adults (1025 years old) can easily manage their finances, receive, and spend money without the need for cash, save money towards their goals, and earn rewards while interacting with their friends. The app helps the youth improve their financial literacy in a gamified and fun way, and it also gives them tailored financial tips on how to budget their money, and save for their future. Zywa is also aligned with the objectives of We the UAE 2031, a comprehensive national strategy that aspires to build a diversified, knowledge-based economy, as well as a vibrant, tolerant society.
“ZYWA IS HYPER FOCUSED ON SIGNIFICANTLY IMPROVING THE QUALITY OF LIFE OF THE UAE’S YOUTH BY INSTILLING FINANCIAL LITERACY FROM A YOUNG AGE, IMPROVING THEIR ABILITY TO MANAGE THEIR OWN MONEY AND FAMILIARIZING THEM WITH MONEY-RELATED CONCEPTS. THIS WILL HELP THEM AVOID UNNECESSARY DEBT, LOANS, AND OTHER FACILITIES, WHICH MAY CAUSE FINANCIAL BURDEN ON THE UAE’S ECONOMIC SYSTEM, AND THE SOCIETY AS A WHOLE.”
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
|
2021
ZYWA IS THE FIRST GAMIFIED COMMUNITYBASED PAYMENTS APP AND MASTERCARD PREPAID CARD EXCLUSIVELY TAILORED FOR GEN Z AGED BETWEEN 10 AND 25 YEARS OLD IN THE MIDDLE EAST.
F U T U R E 1 0 0 . A E
| FOUNDED IN
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www.zywa.co
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THE FUTURE 100
100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
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100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
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100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
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100 COMPANIES WITH THE POTENTIAL TO SHAPE THE UAE’S FUTURE ECONOMY
future100.ae