ADQ and Jordan’s Ministry of Digital Economy and Entrepreneurship launch a $100 million tech fund

ADQ and Jordan’s Ministry of Digital Economy and Entrepreneurship launch a $100 million tech fund

ADQ, an Abu Dhabi-based investment and holding company, today announced the launch of a $100 million technology-focused venture capital fund with the Ministry of Digital Economy and Entrepreneurship (MoDEE) of Jordan. The fund aims to support high-growth tech companies and Jordan’s digital economy. 

The fund will invest in high-growth companies with proven business models, as well as funds primarily focused on Jordan.

As part of accelerating the Jordan’s digital economy, the fund will be dedicated to tech startups and innovation-led companies specialized in sectors including information technology, telecommunications, financial services, education, food and agriculture, healthcare and life sciences, mobility and logistics, as well as clean energy technologies.

Last month as part of an industrial partnership signed between the UAE, Egypt and Jordan, ADQ committed a $10 billion investment fund to enhance sustainable economic growth in five priority sectors across the three counties.

Read more: HSBC announces 1 billion EGP in loans for tech entrepreneurs

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