The UAE’s industrial sector has experienced remarkable growth in financing thanks to both government initiatives and private enterprise. This push is instrumental in the UAE’s ‘Operation 300 Billion’ strategy, which seeks to transform the country’s industrial sector, increasing its contribution to the GDP from $36bn to $82bn by 2031.
Dubai’s Roads and Transport Authority (RTA) has revealed the finalists for the 4th Dubai World Challenge for Self-Driving Transport 2025. Five organisations (consortiums and companies) have advanced to the final stage.
A new collaboration at the Digital Assets Lab at Qatar Financial Centre aims to make distributed ledger technologies (DLT) accessible to organisations worldwide. DLT are digital systems (such as blockchain) that record and share data across multiple locations or participants simultaneously, without needing a central authority.
Saudi Venture Capital (SVC) has announced its investment in Global Ventures III, an early-stage venture capital fund managed by Dubai-based Global Ventures, with a fund size exceeding $150m.
Abu Dhabi’s global tech ecosystem Hub71 has signed a Memorandum of Understanding (MoU) with the emirate’s Authority of Social Contribution – Ma’an as a way of helping accelerate social tech entrepreneurship and bringing lasting social impact to the emirate.
The Oman Investment Authority (OIA) has acquired a stake in Elon Musk’s xAI, marking a significant step by the sultanate’s sovereign wealth fund to strengthen its position in the rapidly growing AI sector.
Citigroup has provided a $500m financing facility to Abu Dhabi’s Astra Tech. The funding is in the form of asset-backed securitisation and will support Astra Tech’s subsidiary Quantix and its CashNow consumer lending platform.
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