News Formal

Abu Dhabi aims to lure start-ups with investment in new technology hub

  • 📰 YahooSG
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 71%

Business News News

Business Business Latest News,Business Business Headlines

Abu Dhabi aims to lure start-ups with investment in new technology hub.

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Abu Dhabi aims to lure start-ups with investment in new technology hubABU DHABI: Abu Dhabi will commit up to 1 billion dirhams (US$272 million) to support technology start-ups, it said on Sunday, in a dedicated hub ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Abu Dhabi aims to lure start-ups with investment in new technology hubAbu Dhabi will commit up to 1 billion dirhams (US$272 million) to support technology start-ups, it said on Sunday, in a dedicated hub as part of ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »