UAE Unveils New $41 Million Fund for Content Creators
The fund's broader objective is to attract investment in the new media landscape.
Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, has unveiled a Dh150 million ($40.84 million) fund dedicated to supporting content creators and influencers.[1]
The announcement was accompanied by plans for the establishment of a permanent headquarters tailored for influencers, reflecting the emirate's commitment to nurturing creative talents.
The announcement coincided with the 1 Billion Followers Summit hosted in Dubai, bringing together some of the world's leading social media influencers and content creators.
The two-day summit, held at Emirates Towers and Dubai's Museum of the Future, witnessed participation from at least 3,000 attendees, 100 speakers, and over 300 companies from the technology and social media sectors.
The fund is strategically crafted to nurture the development of creative and impactful content, providing essential support for content creators to refine their skills.
It aims to serve as a platform to showcase the narrative, accomplishments, and cultural contributions of the UAE on the global stage.
The fund's broader objective is to attract investment in the new media landscape.