ABU DHABI - Abu Dhabi will commit up to 1 billion dirhams to support technology start-ups, it said on Sunday, in a dedicated hub as part of efforts to diversify its economy.
The emirate launched a 50 billion dirham stimulus fund, Ghadan 21, in September last year to accelerate economic growth. Ghadan means tomorrow in Arabic. Mubadala, with assets of $225 billion and a big investor in tech companies, will act as the driver of the hub, located in the emirate's financial district.
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