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Code Story: Insights from Startup Tech Leaders

Minting Unicorns - Blockchain, AI and Dubai, with Mohammad Albalooshi, CEO, DIFC Innovation Hub

Code Story: Insights from Startup Tech Leaders

Noah Labhart - Startup Founder & CTO

Tech News, News, Business, Technology, Entrepreneurship, Careers

4.6216 Ratings

🗓️ 5 February 2025

⏱️ 23 minutes

🧾️ Download transcript

Summary

Today, we are releasing another episode in our series entitled Minting Unicorns - Blockchain, AI and Dubai, sponsored by the City of Dubai. Dubai is the new global center of gravity, connecting the world in a way few places can. As a hub for trade, tourism, innovation, and finance, Dubai offers the ideal environment for startups and scale-ups to thrive. Entrepreneurs find a home here, whether in health-tech, fintech, AI, or renewable energy, supported by SME-focused programs that empower high-potential companies to scale globally. From flexible regulations to tax incentives, world-class infrastructure to access to global investors managing $1 trillion, Dubai understands what businesses need to scale fast. For today’s episode, we are speaking with Mohammad Albalooshi, CEO of the DIFC Innovation Hub, a driving force behind Dubai’s innovation ecosystem and a key player in empowering startups and scaleups across the MEASA region. Our Sponsors: * Check out Kinsta: https://kinsta.com * Check out Red Hat: https://www.redhat.com * Check out Vanta: https://vanta.com/CODESTORY Support this podcast at — https://redcircle.com/code-story/donations Advertising Inquiries: https://redcircle.com/brands Privacy & Opt-Out: https://redcircle.com/privacy

Transcript

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0:00.0

Hello listeners. Today we are releasing another episode in our series entitled Menting Unicorns, Blockchain, AI, and Dubai, sponsored by the Dubai Department of Economy and Tourism, or DET.

0:14.5

Dubai is the new global center of gravity, connecting the world in a way few places can, from flexible regulations to tax incentives, world-class infrastructure to access to global investors managing a trillion dollars in investment money, Dubai understands what businesses need to scale fast.

0:32.4

For today's episode, we are speaking with Mohamed al-Bulushi, CEO of the D-IFC Innovation Hub, a driving force behind Dubai's

0:40.5

innovation ecosystem, and a key player in empowering startups and scale-ups across the Mesa region.

0:48.9

Well, Muhammad, thank you for being on the show today. Thank you for being on Code Story.

0:53.4

Well, thank you for having me,

0:54.4

now. Absolutely. I'm excited to talk about the DIFC and all the things going on there, but before we

1:00.3

move into that topic, tell me in my audience a little bit about you. So, of course, currently I run

1:08.1

the DIFC's Innovation Hub. The IFC stands for Dubai International Financial Center, which is a really unique financial center

1:16.9

in the Middle East and North Africa markets, has its own legal and regulatory infrastructure.

1:23.7

It's based on English common law, has its own court system.

1:27.2

It kind of acts like a city within a city, and within that city, I am responsible for its innovation ecosystem,

1:34.3

which technically is the largest of its kind in the entire region.

1:38.8

But by background, I'm a banker.

1:41.5

So I did about the first eight years of my career. I was in banking. So I did

1:45.7

some corporate banking and some private banking. In about 2016, end of 2016, I moved to the government

1:52.9

and I joined the IFC and ever since I've been driving the innovation mandate at the IFC.

2:06.7

So for fun, these days, if I get some time off, I just try and watch some TV.

2:12.2

It really helps me, you know, take a break and shift my mind from everything else.

2:15.5

So, but apart from that, these days I hang with friends. And back in the day, of course, there was a lot more activity, but these days I don't have much time.

2:21.3

Well, cool. I appreciate that. Let's move into our topic then. So what is the DIFC Innovation Hub? And what role does it play in driving innovation in Dubai, which is, there's a lot of innovation going on. There's a lot of focus

2:34.5

on tech and building the next set of unicorns. I'm just curious where the DIFC comes into play.

...

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