Officials of Hub71 and Mohammed Bin Salman Foundation signing the MoU.
Hub71, Abu Dhabi’s global tech ecosystem, and Mohammed Bin Salman Foundation (MiSK Foundation) have partnered to ease international market access for startups and technology companies between Abu Dhabi and the Kingdom of Saudi Arabia.
The partnership will benefit founders seeking a soft-landing into the Saudi Arabia or Abu Dhabi technology ecosystem, with access to value creation programmes, incentives and investors, corporate and government partners.
Through Hub71 and MiSK’s extensive partner networks, high growth tech companies will gain easier access to Abu Dhabi’s global tech ecosystem or Saudi Arabia’s thriving market with dedicated relocation service support covering, visas, licensing, and introductions to investors and partners for fundraising opportunities to support business development and ease the startup journey.
Talent development is also a key aspect of the partnership, providing founders with the ability to take advantage of talent sourcing programmes, workshops, masterclasses, and training provided at MiSK Foundation in Riyadh, and the opportunity to collaborate with Hub71 and MiSK’s university partners.
Ahmad Ali Alwan, Deputy Chief Executive Officer of Hub71, said, “The partnership with MiSK Foundation supports our efforts to drive the growth of our tech companies and provide value for founders in the region, building on the UAE’s deep relationship with the Kingdom of Saudi Arabia. Saudi Arabia and Abu Dhabi both present attractive opportunities for ambitious founders seeking a launchpad into global markets. We are confident that the companies will capitalize on this partnership, making it easier to setup and grow in both economies.”
Through the new cross-border partnership, startups in both Saudi Arabia and Abu Dhabi will gain office space and referrals where additional support is required to support relocation efforts.