Ras Al Khaimah Emirate of the UAE signs a strategic cooperation agreement with Phoenix Group to promote Web3 innovation

Ras Al Khaimah (RAK) recently signed an important strategic cooperation agreement with the Dubai-based publicly listed company Phoenix Group, aimed at promoting the development of Web3 innovative technologies in the region through this collaboration. Bill Qian, Chief Investment Officer of Phoenix Group and Chairman of Cypher Capital, signed the agreement on behalf of Phoenix. This cooperation will not only provide more opportunities for Web3 founders, developers, and investors but also help enhance the UAE's position in the global Web3 ecosystem.

Through this collaboration, Phoenix Group will be able to nominate talents from the global finance and technology sectors, with Ras Al Khaimah issuing golden visas for them. These visas allow talents to enter and exit the UAE legally and freely, enabling them to live, study, and conduct business, providing a very convenient channel for global innovative talents and investors. Phoenix Group is committed to attracting Web3 entrepreneurs, technology developers, and capital from around the world to jointly promote the UAE as a leading hub for global Web3 innovation.

As one of the UAE's most promising innovation bases, Ras Al Khaimah is rapidly becoming a destination of choice for global innovators and entrepreneurs, thanks to its favorable policies and excellent entrepreneurial environment. This strategic cooperation marks an important step for both Phoenix Group and Ras Al Khaimah in the field of technological innovation and lays a solid foundation for the future development of Web3.

This cooperation not only injects new vitality into the UAE's economic growth but also further strengthens the country's leadership position in the global digital economy.

About Phoenix Group

Phoenix Group is a publicly listed company on the Abu Dhabi Stock Exchange, headquartered in Dubai, focusing on promoting the application of innovation and technology across various fields. Through strategic cooperation with governments and enterprises around the world, Phoenix Group is committed to providing strong support for the development of a digital future.

About Ras Al Khaimah

Ras Al Khaimah is known for its open investment environment and innovative policies, making it one of the fastest-growing regions in the UAE. The emirate is actively attracting global technology companies and innovators to further promote the diversification of its economy.