Abu Dhabi-based investment company ADQ has teamed up with the Jordan ministry of digital economy and entrepreneurship to launch a tech-focused venture capital (VC) fund.
The fund is designed to support high-growth companies in Jordan’s digital economy, covering information technology; telecommunications; financial services; education; food and agriculture; healthcare and life sciences; mobility and logistics, as well as clean energy technologies.
According to Mohamed Hassan Alsuwaidi, managing director and CEO of ADQ, the fund has been launched in recognition of the “strong potential” of Jordan’s tech ecosystem.
“Jordan’s dynamic marketplace offers vast investment potential in sectors where we have significant expertise. Moreover, we can serve as a committed partner to support their growth,” said Alsuwaidi.
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