Hub71 startups raise 7 billion dirhams in funding



Alvan added in statements to the Emirates news agency, VAM, on the sidelines of the activities of the first edition… Business week in Abu Dhabi Which ended today, Friday, and lasted three days at the ADNEC Center in Abu Dhabi. The system currently includes more than 300 startups from around the world, in addition to 150 partnerships that contribute to helping startups attract more investment and revenue. they provide quality opportunities that encourage the growth of companies.

The CEO of Hub71 revealed that the system has received more than 2,500 applications to join the various programs offered, explaining their goals to accept the joining of around 50 new companies by the end of the current year 2024, as this high response reflects the position of the Emirate of Abu Dhabi as a leading investment environment and global economic center for business growth.

He highlighted their efforts to continue creating a system that helps attract international companies to Abu Dhabi from various advanced sectors, noting that the UAE has provided all the resources that help the growth of emerging companies and created an advanced infrastructure that opens wide horizons for these companies.

For her part, Safinaz Al Mahdi, CEO of Tawfeed Legal Consultations, highlighted their effort to improve the right climate for companies, especially emerging companies, to overcome the obstacles they face by providing free legal consultation services to facilitate entry into job. market and benefit from the resources available in the country.

She explained that Tawfeed, through its community initiative launched three years ago, has been able to support about 18 companies, including 11 emerging companies in the Emirate of Abu Dhabi, expressing their desire to continue supporting the process of economic development and consolidation. the UAE’s position as a global center for investment and business.

It is worth noting that Abu Dhabi Business Week aims to explore business opportunities in Abu Dhabi and build strategic partnerships to promote sustainable economic development, which reflects the rapid growth in the emirate and its commitment to developing a stimulating environment for the business sector, and gives participants the opportunity to learn from entrepreneurs who have built and developed globally recognized brands.





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