The ‘Jada’ Fund of Funds has signed an investment agreement with ‘eWTP Arabia,’ a private equity fund with a size of one billion US dollars. The ‘Jada’ Fund of Funds focuses on investing in growth-stage startups in the Kingdom of Saudi Arabia and China.
These investments come within Jada’s commitment to supporting small and medium-sized enterprises in Saudi Arabia, aligning with its strategy that emphasizes the importance of sustainable investments relying on innovative financing solutions.
According to a statement issued by ‘eWTP Arabia,’ the project will concentrate on investing in startups in the technology and energy sectors. The project receives funding from various units affiliated with the PIF, including the ‘Jada’ Fund of Funds and the Saudi Technology Investment Fund (TPIF). Jada’s investment in the ‘eWTP Arabia’ project aligns with Saudi Arabia’s efforts to boost the growth of the technology sector in the region.
Saudi Arabia is one of the most important emerging markets globally, with significant potential for growth in the technology sector. The ‘eWTP Arabia’ project aims to support the growth of startups in the technology and energy sectors in Saudi Arabia and the region. The project is expected to create new job opportunities and enhance innovation in the area.
‘Jada’ Fund of Funds
Jada was established as a fund of funds to foster a thriving business environment for venture capital and private equity, capable in turn of providing necessary and sustainable funding for the growth of small and medium-sized enterprises in the Kingdom of Saudi Arabia.
eWTP Arabia: A Leading Project to Boost the Technology Sector’s Growth in Saudi Arabia
eWTP Arabia is a joint project between the Saudi Public Investment Fund (PIF) and the Chinese Alibaba Group. The project aims to support the growth of startups in the technology and energy sectors in Saudi Arabia and the region.
The project provides financing, logistical support, and commercial assistance to startups in these sectors. It also grants them access to global markets and a network of companies and investors. eWTP Arabia stands as a pioneering project in Saudi Arabia and the region, contributing to the advancement of the technology sector, creation of new job opportunities, and enhancement of innovation.
The Primary Objectives of the eWTP Arabia Project
- Supporting the growth of startups in the technology and energy sectors in the Kingdom of Saudi Arabia and the region.
- Providing funding, logistical support, and commercial assistance to startups.
- Offering access to global markets and a network of companies and investors.
- Enhancing the growth of the technology sector, creating new job opportunities, and fostering innovation.
Expected Benefits of the eWTP Arabia Project
- Boosting the growth of the technology sector in Saudi Arabia and the region.
- Creating new employment opportunities.
- Enhancing innovation.
- Increasing national exports.
The Future Outlook for the eWTP Arabia Project
The eWTP Arabia project is expected to continue growing and expanding in the upcoming years. The project holds significant potential to contribute to enhancing the growth of the technology sector in the Kingdom of Saudi Arabia and the region.
The investment made by the ‘Jada’ Fund of Funds in the ‘eWTP Arabia‘ project can be seen as a crucial step in bolstering the growth of the technology sector in Saudi Arabia and the region. The project provides financing, logistical support, and commercial assistance to startups in these sectors, granting them access to global markets and a network of companies and investors.
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