ADQ, Oman Investment Authority Unveil $180 Million Tech Fund
Founded in 2018, ADQ boasts a diverse investment portfolio spanning several sectors of the UAE economy, including energy, utilities, agriculture, healthcare, and transportation.
Abu Dhabi-based investment firm ADQ has announced the establishment of the Jasoor Fund, a $180 million technology-focused initiative. Collaborating with the Oman Investment Authority (OIA), represented by ITHCA Group, this fund is aimed at fostering innovation and digitalization across the Sultanate of Oman and the wider Middle East and North Africa (MENA) region.[1]
The fund is an integral component of a comprehensive framework agreement inked between the two entities in 2022. Targeting sectors such as FinTech, EdTech, HealthTech, cleantech, agriculture, and logistics, its mandate extends to both Omani startups and innovative ventures across the region.
Founded in 2018, ADQ boasts a diverse investment portfolio spanning several sectors of the UAE economy, including energy, utilities, agriculture, healthcare, and transportation.