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Oct 12,2024
Dubai Financial Services Authority Visits Damon, Jointly Promote Cooperation Developments in the Middle East
Recently, Mr. Abdullah Sharafi, member of the Board of Directors of Dubai Financial Services Authority (DFSA), visited Damon Technology Group. This visit aims to further promote the strategic cooperative relationship between the two sides in the Middle East market, jointly explore new opportunities for intelligent logistics business, new energy business and financial cooperation, and promote mutual benefit and win-win business between the two sides.
Mr. Sharafi, as a member of the Board of Directors of Dubai Financial Services Authority (DFSA), Chairman of the Remuneration Committee, Chairman of the UAE Working Group, Member of the Legislative Committee and Audit Committee, is one of the important decision-makers of DFSA. He has been committed to promoting the prosperity and development of finance, trade and markets in Dubai and the Middle East, and has profound insights and unique insights into the integration of advanced manufacturing, financial technology and future development trends in Dubai and the Middle East.
Damon Technology is a leading provider of intelligent logistics solutions. Mr. Zhuo Xu, Chairman of the Group, led Damon's senior management team to have in-depth discussions with Mr. Salafi on the unique opportunities and challenges of the Middle East market. They discussed extensively the potential for cooperation in intelligent manufacturing, financial technology applications, and market expansion, as well as strengthening cooperation to jointly respond to market changes.
In recent years, the rapid growth of the e-commerce market in the Middle East has driven the rapid development of intelligent logistics. According to data, the e-commerce scale in the Middle East and North Africa region is growing at a significant compound annual growth rate, and it is expected that the e-commerce market size in the region will reach 57 billion US dollars by 2026. This huge market size provides ample space for the development of intelligent logistics.
Damon Technology's products and intelligent logistics systems have been applied in logistics projects in the Middle East, such as e-commerce platform Noon, retail giant Brands For Less (BFL), airports, and air cargo Swissport. With this in-depth exchange with Dubai Financial Services Authority, Damon Technology will leverage its innovative technology, customized solutions, and excellent global service capabilities in the field of intelligent logistics to accurately meet the diversified needs of the Middle East market, and help local enterprises achieve efficient upgrading and intelligent transformation of their supply chains. At the same time, Damon will take this opportunity to strengthen close ties with governments, industry associations, and partners in the Middle East region, jointly explore new opportunities and models in the field of intelligent logistics, and contribute to building a smart logistics ecosystem in the Middle East and even globally. With the deepening implementation of the Damon Globalization 2.0 strategy, we are confident in establishing more benchmark projects in the global market, enable the intelligent logistics solutions of "Made in China" to be implemented globally, lead the industry towards a more intelligent, green, and sustainable future.
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