“Holding” (ADQ), an investment holding company based in Abu Dhabi, in cooperation with the Oman Investment Authority, the investment arm of the Sultanate of Oman, represented by the “Izkaa” Group, announced on Tuesday the actual start of work on the “Jusoor” Fund, and the activation of direct investments in emerging technology companies. Operating in the technical sector, with a volume of $180 million.
The fund focuses on investing in the modern and emerging technologies sector, according to a prior commitment within the framework of a memorandum of understanding signed between the two parties in 2022.
The establishment of the fund comes from the strong bilateral relations between the United Arab Emirates and the Sultanate of Oman, and aims to strengthen the digital economy by investing in innovative technology companies in the Sultanate of Oman, along with emerging technology companies in other countries of the region, with a focus on technology companies with high growth in technology sectors. Finance, education technology, health care technology, clean technology, the food and agriculture sector, and logistics services, especially those that have successful business models, in the various stages of their establishment.