Khurram Shroff, Chairman, Dubai’s IBC Group, has confirmed that the company will move its corporate headquarters to Toronto, the capital of the Ontario province of Canada. The IBC Group has also instituted a more flexible work policy for its employees, who can choose their office location or continue to work from home.
The IBC Group, one of the Middle East’s oldest Blockchain investment companies, has more than 700 employees worldwide, and investments in over 4,000 Blockchain projects. Founded in 2014, the IBC Group is currently headquartered in Dubai, UAE. However, in a move prompted by Toronto’s rapidly growing status as a tech hub, the IBC Group has decided it will be shifting its corporate headquarters to the Canadian city.
“We have over 100,000 people immigrate to the Toronto region each year, which is twice as many as the San Francisco Bay Area,” said Jason Goldlist, Co-Founder, TechToronto, a community for tech innovators that organises a monthly technology event, where entrepreneurs get to meet and learn from, Toronto’s tech leaders.
More than 140 languages are spoken in Toronto, making it the most multicultural city in the world, as well as being a hub for innovation and cutting-edge tech, such as Blockchain.
Shroff said: “We believe this move best positions us for growth, as well as providing our personnel with more flexibility about where and how they work.”
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