Abu Dhabi’s Mubadala Investment Company and France’s Bpifrance have collaborated on an Africa-focused venture capital fund, marking a significant investment in the continent’s startup ecosystem.
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Bahrain’s golden visa initiative, launched as part of an economic recovery plan in October 2021, has garnered significant interest, with the country attracting $2.4 billion in investment across nine major projects.
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Saudi Arabia has announced a substantial investment of $888 million to bolster its local tech startup and venture capital sector. This funding will specifically target industries such as digital payments, e-gaming, and artificial intelligence (AI), highlighting the kingdom’s commitment to fostering innovation and technological advancement.
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Abu Dhabi is leveraging the influence of celebrities, ranging from actors and comedians to athletes and writers, to enhance its global standing. The UAE’s capital has become a magnet for entrepreneurs worldwide, who are investing and expanding their ventures in the emirate.
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GymNation, a Dubai-based fitness brand, is set to open 50 new fitness centers in Saudi Arabia to tap into the kingdom’s billion-dollar fitness industry.
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PFL Middle East, the regional arm of the Professional Fighters League, is poised to become a billion-dollar enterprise within the next ten years, according to its founder.
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Saudi Arabia has been selected to host the World Expo 2030 in Riyadh, winning the bid over competitors Busan in South Korea and Rome in Italy.
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