Startups inside Hub71, Abu Dhabi’s world tech ecosystem, have secured over AED7 bn ($1.9bn) in funding, attaining revenues exceeding AED4 bn ($1.1bn), in accordance with CEO Ahmad Ali Alwan.
Alwan highlighted Hub71’s important progress, with the ecosystem now internet hosting greater than 300 startups from around the globe and has solid 150 partnerships to assist these firms in attracting investments, producing income, and fostering progress.
Alwan revealed that Hub71 has obtained over 2,500 purposes for its programmes, with plans to onboard round 50 new startups by the top of 2024.
Hub71 in Abu Dhabi
This sturdy curiosity, he mentioned, underscores Abu Dhabi’s place as a number one funding vacation spot and a worldwide financial hub for enterprise progress.
He emphasised Hub71’s ongoing efforts to draw worldwide firms from superior sectors to the emirate. Alwan famous that the UAE has offered world-class infrastructure and assets, creating a really perfect setting for companies to thrive.
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