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Press release
Press release. Sheikh Hamad Rakadh Salem Hamad Alameri (Sheikh Hamad Rakadh Salem Hamad Alameri), a member of the well-known sovereign wealth fund (SWF) of the royal family of Abu Dhabi, United Arab Emirates, is signing the Memorandum of Understanding (MOU) ) and officially became a shareholder of MaskEX to develop a smart city in Dubai, United Arab Emirates.
Sheikh Hamad Rakadh Salem Hamad Alameri is a strong supporter of Abu Dhabi Vision 2030, contributing directly to the social and human development of the emirate and creating a sustainable knowledge-based nation.
MaskEX is a Canadian company. It has successfully met the requirements of the MSB compliance program and is now fully ready to comply with the SCA and VARA compliance programs in Dubai, United Arab Emirates. MaskEX has developed a payment system based on the principle of “your wallet, you call the shots”, aiming to make life easier for residents by providing a convenient and secure way to make payments and manage financial transactions. Additionally, the system employs advanced security measures to protect users’ personal and financial information from fraud and identity theft.
The company has achieved incredible feats and is building innovative technologies for developing smart cities. The partnership between MaskEX and Sheikhs was initiated due to their shared vision for smart cities.
Over the past year, the company has received a lot of attention from traders and investors in the UAE market, which has sparked extensive research and ideas for developing new smart city concepts in the UAE. MaskEX will use its innovative technology to improve service quality and access, and to increase efficiency and sustainability. Additionally, MaskEX is now working with the BIG 4 audit firm to protect the ecosystem and blockchain infrastructure.
After completing the strategy and implementation for the UAE market, MaskEX plans to expand into the MENA region to serve people and help them adapt to smart cities. Due to the popularity of the MENA region as a tourist destination and its diverse expat community, MaskEX will be able to attract investors from different industries.
To realize the full potential of smart cities, MaskEX will partner with lifestyle retailers. The company has signed hundreds of memorandums of understanding with merchants in multiple countries, enabling customers to pay for products, services and even living expenses by simply scanning their wallets.
When asked about the concept of a smart city, MaskEX CEO Eric Yang said, “The concept of a smart city covers many fields. Starting from healthcare, manufacturing, etc. The most important thing is the new concept of our solutions. We will implement This vision has made a huge contribution.”
With the support of new MaskEX shareholder Sheikh Hamad Bin Rakad Bin Salem Bin Rakad, MaskEX expects to create a unique environment in the UAE market to attract more FDI into the region and create innovative solutions in the market. Therefore, MaskEX will relocate its headquarters from Canada to Dubai, United Arab Emirates.
The MaskEX app now provides users with access to various digital industry services that can be accessed through the app.
Community and Social Media:
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contact details:
MaskEX Global
Tata Tcholaria Marketing and PR
e-mail: tamar.tcholaria@mask.net
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