DUBAI: Dubai Future Foundation (DFF) today launched two new sandboxes under the Dubai Sandbox initiative, aimed at boosting innovation and accelerating regulatory advancements in the gig economy and PropTech sectors.
Sandbox Dubai is a centralised, innovative platform offering a structured approach to regulatory modernisation, enabling innovators and companies to test their products, services, and business models under adaptive regulatory supervision.
Recently approved by H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of DFF, the initiative is a key element in achieving the goals of the Dubai Economic Agenda (D33), which aims to double the size of Dubai’s economy over the next 10 years and cement its leadership among the top three economies of the future.
The Gig Economy Sandbox aims to explore more flexible ways of working for Dubai’s population and inform relevant regulatory frameworks in key industries to ensure thei
r readiness for the future.
The PropTech Sandbox aims to foster a regulatory environment that accelerates the adoption of emerging technologies, enhancing the efficiency, sustainability, and accessibility of Dubai’s real estate sector.
Khalfan Juma Belhoul, CEO of DFF, underscored the role of ‘Sandbox Dubai’ in bringing together stakeholders from both the public and private sectors to collaboratively shape regulations and accelerate regulatory modernisation across key industries. He highlighted that the initiative fosters a supportive environment to speed up the adoption of cutting-edge technologies, innovative practices, and emerging business models. This will enhance the agility of Dubai’s economy and labour markets, positioning the city as a global leader in embracing future-forward practices and technologies.
Source: Emirates News Agency