The Emirates Growth Fund (EGF) and Hub71 Abu Dhabi’s global tech ecosystem have signed a MoU to support the development of their SMEs and growth-stage company portfolios.
The agreement seeks to enhance private sector growth and align with the UAE’s economic diversification objectives.
Signed during Abu Dhabi Finance Week by Khalifa Al Hajeri, CEO of EGF, and Ahmad Ali Alwan, CEO of Hub71, the MoU establishes a framework to deploy growth capital, expand commercial opportunities, and strengthen operational capabilities.
EGF and Hub71 will collaborate to improve the performance and growth trajectory of SMEs and scaling companies.
The focus will include growth capital deployment, creation of new commercial pathways, and enhancement of operational readiness.
By combining Hub71’s ecosystem of high-performing companies with EGF’s growth equity platform, the partnership intends to support competitive enterprises that contribute to the UAE’s economic development.
Commenting on the agreement, Khalifa Al Hajeri said:
“By combining our respective strengths, we are empowering SMEs and growth-stage companies to scale, compete, and contribute meaningfully to the nation’s diversified growth agenda.”
Ahmad Ali Alwan added:
“Our partnership with EGF brings together Hub71’s founder-focused ecosystem with EGF’s growth capital and support for UAE-based companies. By combining our mentorship, programmes, and network access with EGF’s scale-up capital, we can give high-potential ventures the pathway and confidence to grow sustainably.”
Featured image credit: Hub71
