ADQ and Jordan’s Ministry of Digital Economy and Entrepreneurship launch $100 million tech fund
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Abu Dhabi’s ADQ has introduced a $100 million tech-focused venture capital fund with the Ministry of Electronic Financial system and Entrepreneurship of Jordan.

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The fund will commit in large-progress technological innovation providers and resources in sectors which include healthcare and existence sciences food items and agriculture, mobility and logistics.

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The capital will be largely invested in Jordan to support advance its technology ecosystem.




Press release:
ADQ, an Abu Dhabi-primarily based investment decision and holding firm, now declared the launch of a $100 million technological innovation-concentrated enterprise money fund (the Fund) with the Ministry of Electronic Economic system and Entrepreneurship (MoDEE) of Jordan, in the presence of His Excellency the Prime Minister of Jordan, Bisher Al Khasawneh. The Fund aims to aid substantial-progress technologies corporations and the continued growth of the Kingdom’s burgeoning digital economic climate.
Setting up on the UAE’s strategic industrial partnership with Jordan, ADQ is reinforcing its determination to investing in advancing core sectors of the Kingdom’s economy and enhancing the international technological innovation ecosystem. The Fund complements ADQ’s strategy to unlock mutually effective development possibilities and supply sustainable money returns to the UAE and its companions that drives price creation and long-phrase financial prosperity.
The Fund will devote in superior-advancement companies with proven company styles, as well as cash mainly concentrated on Jordan. As aspect of accelerating the Kingdom’s digital financial state, the Fund will be devoted to tech get started-ups and innovation-led providers specialized in sectors like facts technological innovation telecommunications financial products and services schooling food stuff and agriculture health care and lifetime sciences mobility and logistics, as effectively as cleanse electricity systems.
With 27 for every cent of tech entrepreneurs in the Center East and North Africa (MENA) region of Jordanian nationality, the place is dwelling to extremely skilled talent and a lot more than 600 technological know-how businesses.
H.E. Mohamed Hassan Alsuwaidi, Managing Director and CEO of ADQ, commented: “We set up the $100 million Fund with the Ministry of Digital Financial state and Entrepreneurship in recognition of the robust potential of Jordan’s tech ecosystem. Jordan’s dynamic marketplace features extensive expense probable in sectors where we have sizeable know-how. In addition, we can serve as a dedicated associate to guidance their advancement. By unlocking access to our rising portfolio of primary firms, we intend to speed up growth opportunities and market place access for businesses, business owners and cash that are at the slicing-edge of technologies.”
H.E. Ahmad Al Hanandeh, Minister of Electronic Overall economy and Entrepreneurship reported: “Today’s announcement marks a sizeable milestone in Jordan’s economic expansion, and reflects our concentrate on partnering with world’ top businesses to produce positive effects and modify. Created to speed up the transformation of the electronic economic system, ADQ will commit, along with MoDEE, in substantial-development technological know-how corporations that will assist to make, endorse, and drive new electronic alternatives in Jordan, and boost our put on the world engineering map.”
Past thirty day period, as element of an industrial partnership signed amongst the UAE, Egypt and Jordan, ADQ committed a $10 billion investment fund to greatly enhance sustainable financial progress in five precedence sectors throughout the a few counties.
