The Emirates Growth Fund (EGF) and Hub71, Abu Dhabi’s global tech ecosystem, have signed a strategic Memorandum of Understanding (MoU) aimed at enhancing support for growth-stage companies and small and medium-sized enterprises (SMEs) in the United Arab Emirates, officials said.
Unveiled during Abu Dhabi Finance Week, the agreement establishes a framework to deploy growth capital, expand commercial pathways and strengthen operational readiness for high-potential UAE-based ventures, the partners said in separate statements.
Under the MoU, EGF, backed by Emirates Development Bank and operating a AED 1 billion growth equity platform, will work with Hub71 to identify and support scaling companies within Hub71’s ecosystem. The collaboration seeks to accelerate the development of competitive enterprises that can contribute to the UAE’s diversified economic growth agenda.
Khalifa Al Hajeri, Chief Executive Officer of the Emirates Growth Fund, said the partnership aligns the financing capacity of EGF with Hub71’s founder-focused ecosystem to empower SMEs and growth-stage firms to scale, compete and contribute to long-term economic diversification.
Ahmad Ali Alwan, Chief Executive Officer of Hub71, described the MoU as combining “mentorship, programmes and network access with EGF’s scale-up capital,” which he said will help high-potential ventures grow sustainably and access broader opportunities.
Analysts noted the move reflects broader efforts by Abu Dhabi to strengthen the private-sector growth ecosystem, building on Hub71’s role as a launchpad for global startups entering the UAE market and EGF’s mandate to provide long-term growth capital to promising domestic firms.
The MoU is expected to facilitate deeper collaboration between capital providers and ecosystem builders, offering UAE growth-stage startups enhanced access to the resources needed to scale regionally and internationally.
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