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Monday, March 20, 2023

UAE business leaders highlight growing investment opportunities at OurCrowd Summit

UAE business leaders highlight growing investment opportunities at OurCrowd Summit

Senior business leaders from the United Arab Emirates delivered a panel titled “What’s Next for the Middle East: Insights from Regional Power Leaders” at the OurCrowd Global Investor Summit to discuss growing business and investment opportunities following the Abraham Accords.

Eng. Abdullah Abdul Aziz Al Shamsi, Acting Director General of Abu Dhabi Investment Office (ADIO), said in his keynote speech: “Abu Dhabi believes in the power of partnerships to drive innovation and Supporting sustainable investment opportunities. With companies like OurCrowd finding success in the UAE capital, Abu Dhabi’s ability to move quickly and support growth is attracting interest from across Israel’s startup ecosystem.”

DIFC Chief Business Development Officer Salmaan Jaffery also discussed investor confidence in UAE startups, especially those based in DIFC. Jaffery added that many UAE startups are interested in expanding their operations to Israel.

Dr Sabah al-Binali, Chairman of OurCrowd Arabia, who chaired the panel, said the growing business ties between the UAE and Israel are a testament to the relationship between the two countries.

More than 9,000 people from 81 countries attended this year’s OurCrowd Global Investor Summit, which marked the company’s 10th anniversary. OurCrowd has more than $2.1 billion in commitments, deploying capital across 380 portfolio companies and 42 funds globally. In November, OurCrowd significantly expanded its presence in Abu Dhabi with the launch of a new venture capital office and AI technology center with support from ADIO.

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