The Dubai International Financial Centre (DIFC) and Partners for Growth (PFG), a company specializing in asset-backed credit solutions for fast-growing tech companies, announced a strategic partnership to inject structured growth financing aimed at funding and supporting the expansion of the new generation of fast-growing tech companies in Dubai and the Gulf Cooperation Council (GCC) countries.

According to a statement from DIFC yesterday, this collaboration combines the centre’s vision to lead the future of the financial sector with PFG’s expertise and distinguished track record in the region as one of the leading private credit investment institutions. Over more than 20 years, the company has invested over $2.1 billion in more than 250 companies worldwide, demonstrating its ability to provide entrepreneurs with flexible capital that matches their ambitions and supports their innovative companies at critical growth stages.

This partnership reflects DIFC’s commitment to achieving the targets of the Dubai Economic Agenda (D33), which prioritizes enhancing Dubai’s position as a global hub for innovation and entrepreneurship. The partnership also builds on PFG’s five-year track record in the GCC, where the company has supported several leading tech companies in the region, including Tabby, Trekr, Bezat, Syarah, Hesbie, and Silkhaus.

Under the new mandate, the partnership will provide structured growth financing to companies aligned with DIFC’s 2030 strategy and the Dubai Economic Agenda (D33) goals across various sectors, including fintech, healthtech, insurtech, proptech, digital financing for SMEs, and space technology. While priority will be given to fast-growing companies based in Dubai and the GCC, a portion of the capital may be allocated to support global companies capable of enriching the regional ecosystem through their advanced technologies, expertise, or sector leadership.

PFG will have full authority to make investment decisions within this partnership, ensuring rapid execution and strategic alignment with the needs of ambitious entrepreneurs in the region.

Arif Amiri, CEO of DIFC Authority, said: “Our mission is to establish Dubai as a leading global financial centre, enhance the local venture capital ecosystem, and empower the next generation of fast-growing startups in technology and innovation.” He added, “Our collaboration with PFG embodies our shared vision and belief in the importance of providing growth financing to open new horizons for promising companies inside and outside the region. Through this partnership, we aim to diversify the financing tools available to entrepreneurs and investors and accelerate the achievement of the Dubai Economic Agenda (D33) targets.”

Andrew Kahn, co-founder and CEO of Partners for Growth, said: “Our cooperation with DIFC marks a milestone in our journey in the region, allowing us to support companies shaping the future economy. Through this partnership, we have a strong platform to continue providing flexible financing solutions to support companies ready to expand globally from Dubai.”