Holding (ADQ) launches $ 100 million investment fund in partnership with Jordan’s Ministry of Digital Economy and Entrepreneurship

The fund will invest in high-growth technology portfolios and companies in the health and life sciences, food and agriculture, transport and logistics sectors.

The capital investment is mainly aimed at contributing to the development of the biotechnology system in Jordan

The partnership reflects ADQ’s commitment to investing in the Jordanian economy over the long term

Abu Dhabi, United Arab Emirates: The Holding Company (ADQ), an investment holding company in the Emirate of Abu Dhabi, has announced the launch of a US $ 100 million venture capital fund in the field of technology, in collaboration with the Ministry of Digital Economy and Entrepreneurship in the Hashemite Kingdom of Jordan, in the presence of Jordanian Prime Minister Bisher Al-Khasawneh. Aiming to support high-growth technology companies and promote the continued digital prosperity of the Kingdom’s economy.

The launch of the fund comes as part of the strategic industrial partnership between the UAE and Jordan and in support of ADQ’s commitment to invest in the development of the basic sectors of the Jordanian economy and to support the global technology ecosystem. It is noteworthy that the fund is in line with ADQ’s investment strategy, which aims to open up mutual growth prospects and achieve sustainable financial returns for the UAE and its partners, helping to add more value and long-term economic prosperity. improve.

The fund will invest in new, high-growth companies with proven business models, and in funds that focus primarily on Jordan. As part of the efforts aimed at accelerating the digital economy in the Kingdom, the fund will be allocated to finance start-up companies in the field of technology, and companies that are pioneering in specialized innovations within the information technology sectors; communication; financial services; education; food and agriculture; health and life sciences; transport, logistics and clean energy technology.

Just as about 27 percent of technology entrepreneurs in the Middle East and North Africa are Jordanians, Jordan has highly skilled technology talents, with more than 600 companies specializing in this sector.

Speaking at the launch of the fund, His Excellency Muhammad Hassan Al-Suwaidi, Managing Director and CEO of ADQ, said: “In collaboration with the Ministry of Digital Economy and Entrepreneurship in Jordan, we have launched the $ 100 million fund, given the great potential of the technology ecosystem in the Kingdom.The vibrant Jordanian market offers tremendous investment potential in sectors that fall within our scope of expertise.In addition, as a dedicated partner, this investment enables us to contribute to the growth of that market. The Fund also facilitates access to the leading companies, while accelerating growth opportunities. Empower companies and entrepreneurs to take advantage of leading technology markets and funds. ”

His Excellency Ahmed Al Hanandeh, Minister of Digital Economy and Entrepreneurship in Jordan, in turn said: “Today’s announcement represents a milestone on the path to economic growth in Jordan, reflecting our focus on partnering with leading global institutions for change. to bring about. and leave a positive impact on our economy (ADQ), which seeks to support and accelerate the transformation in the digital economy, the investment of the Holding Company (ADQ), together with the Ministry of Digital Economy and Leadership in Jordan in high -growth technology companies, will help to provide new opportunities within the digital sector in the UK, and promote it in a way that improves our position on the global technology map.

It is noteworthy that ADQ has allocated a $ 10 billion investment fund within the framework of the industrial partnership signed between the UAE, Egypt and Jordan, with the aim of promoting sustainable economic growth within five priority sectors in the three countries.

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About the “Courts” (ADQ)

Founded in 2018, ADQ is an investment holding company in the Emirate of Abu Dhabi that owns a wide portfolio of large companies that are expanding their investments to key sectors within the UAE’s diversified economy, in the fields of energy, utilities, food , agriculture, health, life sciences, transportation, logistics and others. As a strategic partner of the Government of Abu Dhabi, ADQ is committed to contributing to the acceleration and development of the emirate’s economy to be knowledge – based and more competitive worldwide.

For more information, please visit adq.ae or write to media@adq.ae. You can also follow ADQ on social media on Twitter, Instagram and LinkedIn.

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