ACT (ACET) and SBH Partner to Transform UAE’s Digital Economy

Strategic Vision for Blockchain Integration 

Mr. Worawat Narknawdee, a prominent Thai entrepreneur, investor, and crypto billionaire—recognised as one of Asia’s top Bitcoin holders and the founder of ACT (ACET)—announced that on 13 February 2025, an official Memorandum of Understanding (MOU) was signed between ACT (ACET) and Saif Belhasa Holding (SBH). 

The agreement was led by Dr. Saif Ahmad Belhasa, Chairman and Founder of SBH, a conglomerate valued at over $5 billion (approximately THB 170 billion), with operations spanning real estate, construction, retail, automotive, education, and finance. 

This strategic collaboration is designed to leverage blockchain technology and ACT (ACET)’s digital payment system as an advanced investment tool, facilitating seamless financial transactions across SBH’s diverse industries and within the UAE. 

Three-Year Roadmap for Digital Transformation 

• The partnership follows a structured three-year roadmap, outlining the key steps to revolutionise the region’s digital economy by: Integrating blockchain technology into SBH’s financial ecosystem.
• Enhancing digital transactions and payment solutions using ACT (ACET).
• Expanding the adoption of blockchain-powered investment tools across multiple sectors. 

With the UAE positioned as a central hub, this collaboration marks a milestone in financial innovation, setting a new benchmark for digital asset integration in the Middle East’s economic landscape.

Key Implementation Areas 

1. Real Estate 

• ACT (ACET) will serve as a medium for purchasing SBH’s high-end real estate properties. 

• The partnership will explore NFT Property Tokenisation, enabling fractional ownership of real estate through blockchain technology. 

2. Automotive Industry 

• ACT (ACET) will be accepted for purchasing and leasing luxury vehicles from SBH dealerships. 

• The token will also be integrated into crypto-backed financing options. 

3. Retail and Hospitality 

• ACT (ACET) will be adopted as a payment method across SBH-owned shopping malls, restaurants, hotels, and retail businesses. 

• ACT (ACET) holders will benefit from exclusive rewards, VIP memberships, and discounts. 

• A next-generation loyalty system will be developed to enhance customer engagement and rewards. 

4. Financial Services 

• The collaboration will launch blockchain-based financial products, including lending, staking, and investment funds for family offices and private equity groups. 

• The initiative aims to drive institutional adoption of ACT (ACET) while exploring venture capital opportunities leveraging crypto assets. 

5. Smart Contracts & Digital Assets 

• ACT (ACET)’s blockchain infrastructure will be integrated into SBH’s financial system to enhance contract execution, asset transfers, and automated payments. 

• The partnership will explore AI and blockchain integration to optimise business operations. 

6. Institutional Expansion & Government Collaboration 

• The partnership will align blockchain strategies with UAE financial regulations. 

• Coordination with Dubai Virtual Assets Regulatory Authority (VARA) and Abu Dhabi Global Market (ADGM) will ensure legal recognition and widespread adoption of ACT (ACET). 

Transforming ACT (ACET) into a Mainstream Digital Asset 

Mr. Worawat Narknawdee, Founder of ACT (ACET), stated: 

“This historic collaboration will establish ACT (ACET) as a widely accepted digital asset with real-world applications across key industries in one of the world’s wealthiest nations—the UAE. Moving forward, ACT (ACET) will no longer be seen solely as a speculative investment but will become an integral part of the digital economy. 

With SBH and the UAE as launchpads, we will expand ACT (ACET) to multiple countries worldwide, driving global crypto adoption in everyday life. I believe this partnership will significantly enhance the popularity of ACT (ACET), increasing its market capitalisation and positioning it as one of the world’s leading cryptocurrencies within a shorter timeframe.”  

Dr. Saif Ahmad Belhasa, Chairman and Founder of Saif Belhasa Holding (SBH), stated that this Memorandum of Understanding (MOU) enables SBH to take a bold step towards a digital future, positioning it as one of the leading corporations in the UAE to integrate blockchain technology into its diverse business ecosystem. 

SBH will officially adopt ACT (ACET) as a digital payment method in designated business sectors and promote its use among institutional investors, business partners, and government agencies. Additionally, SBH will support ACT (ACET) in its pursuit of global recognition through strategic collaborations and business partnerships. 

“This partnership between SBH and ACT (ACET) will revolutionise financial solutions and enhance SBH’s operational efficiency through blockchain technology and digital assets. Our objective is to lead the payment industry, both in the UAE and globally, in collaboration with **ACT (ACET), our esteemed partner.”  

About ACT (ACET) and Saif Belhasa Holding (SBH) 

ACT (ACET): A Global Blockchain-Powered Digital Asset 

ACT (ACET) is a blockchain-powered digital asset founded in 2021 by Worawat Narknawadee, a renowned entrepreneur and investor with over 13 years of experience in the cryptocurrency industry. 

Currently, ACT (ACET) boasts: 

• A total trading volume of over $413 million (approximately THB 14 billion). 

• A global user base exceeding 156,000 holders. 

For more details, visit: ACT (ACET) Official Website. 

Saif Belhasa Holding (SBH): A Leading Business Conglomerate in the Middle East 

Established in 2001, Saif Belhasa Holding (SBH) is one of the most influential and successful business groups in the Middle East and the United Arab Emirates (UAE). Under the leadership of Dr. Saif Ahmad Belhasa, SBH plays a pivotal role in driving the UAE’s economy, with: 

• A company valuation exceeding $5 billion. 

• A diversified portfolio of over 50 subsidiary companies. 

• A workforce of more than 10,000 employees. 

Dr. Saif Ahmad Belhasa, formerly ranked 38th on the list of the world’s most powerful Arabs, continues to lead SBH in multiple industries, including: 

• Construction
• Real Estate
• Recruitment & Hiring
• Automotive
• Retail
• Finance
• Advertising
• Tourism & Travel 

For more details, visit: Saif Belhasa Holding Official Website.