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

📆 25/03/2019 05:10:00
📰 ChannelNewsAsia

⏱ Reading Time:
24 sec. here
2 min. at publisher
📊 Quality Score:
News: 13%
Publisher: 66%

Italia Notizia Notizia

Italia Ultime Notizie,Italia Notizie

ABU 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 ...

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. The goal is to have 100 companies over the next three to five years, Ajami said."The market opportunities in this region are immense," he added.Mubadala, with assets of US$225 billion and a big investor in tech companies, will act as the driver of the hub, located in the emirate's financial district.

Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

Scrivi un Commento

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

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 ...
Fonte: ChannelNewsAsia - 🏆 6. / 66 Leggi di più »