Middle East Venture Partners (MEVP)’s Post

Driving Development and Innovation: UAE's Visionary Path in 2024 🌟 The UAE continues to lead the way in 2024, implementing transformative initiatives that reinforce its global leadership, enhance sustainability, and pave the way for a prosperous future. 🔑 Key Highlights: 🚀 Unified UAE Numbers Project: Advancing the country’s statistical system to support informed decision-making across various sectors. 👩💼 Young Government Leaders Programme 2024: Empowering the next generation of leaders to shape governance. 💼 National Investment Strategy 2031: Targeting a boost in foreign direct investment (FDI) to AED2.2 trillion by 2031, doubling its economic share. 🌾 Plant the Emirates Programme: Driving sustainable agriculture and national food security. 🔄 Zero Government Bureaucracy Programme: Saving 62 million workdays annually by streamlining private sector residency and work permits. 🌍 Blue Residency: Recognizing contributions to environmental action and sustainability with long-term residency. 🧑💻 Riyada Fund: AED300 million in incentives to foster entrepreneurship and innovation among graduates. These initiatives, alongside advanced anti-money laundering strategies, enhanced youth programs, and a comprehensive science and technology policy, showcase the UAE’s commitment to progress and innovation. The UAE’s forward-thinking approach ensures sustainable growth, strengthens its global standing, and creates opportunities for its citizens and residents. #UAE2024 #Innovation #Leadership #Sustainability #EconomicGrowth #Governance #Entrepreneurship

𝗦𝗮𝘂𝗱𝗶 𝗔𝗿𝗮𝗯𝗶𝗮’𝘀 8,440₹ ($100) 𝗕𝗶𝗹𝗹𝗶𝗼𝗻 𝗔𝗜 𝗜𝗻𝗶𝘁𝗶𝗮𝘁𝗶𝘃𝗲: 𝗔 𝗚𝗮𝗺𝗲-𝗖𝗵𝗮𝗻𝗴𝗲𝗿 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗠𝗶𝗱𝗱𝗹𝗲 𝗘𝗮𝘀𝘁 Saudi Arabia has announced a bold move in the tech space. A 8,440₹ ($100) billion investment to establish a cutting-edge AI hub. The goal? To compete with the UAE's established tech ecosystem. This initiative is part of Saudi Arabia’s Vision 2030. It’s focused on diversifying the economy beyond oil. And positioning the Kingdom as a leader in innovation and technology. 𝗪𝗵𝗮𝘁 𝗗𝗼𝗲𝘀 𝗧𝗵𝗶𝘀 𝗠𝗲𝗮𝗻 𝗳𝗼𝗿 𝗜𝗻𝘃𝗲𝘀𝘁𝗼𝗿𝘀? Saudi Arabia is creating fertile ground for tech-driven growth. Sectors like smart cities, advanced manufacturing, and AI R&D are key areas to watch. This is a first-mover opportunity for bold investors. At the same time, the UAE remains a powerhouse in innovation. With mature markets like fintech, renewable energy, and smart cities, it offers stability. Its business-friendly environment and advanced infrastructure continue to attract global investors. 𝗢𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝗶𝗲𝘀 𝗶𝗻 𝘁𝗵𝗲 𝗠𝗶𝗱𝗱𝗹𝗲 𝗘𝗮𝘀𝘁 𝗜𝗻 𝗦𝗮𝘂𝗱𝗶 𝗔𝗿𝗮𝗯𝗶𝗮: - High-growth potential in AI and emerging technologies. - Vision 2030 is driving R&D and startup development. 𝗜𝗻 𝘁𝗵𝗲 𝗨𝗔𝗘: - Well-established tech and fintech sectors. - Scalable opportunities in renewable energy and smart city solutions. 𝗪𝗵𝗮𝘁 𝗜𝗻𝘃𝗲𝘀𝘁𝗼𝗿𝘀 𝗦𝗵𝗼𝘂𝗹𝗱 𝗪𝗮𝘁𝗰𝗵 The Middle East is rapidly becoming a global hub for innovation. Both Saudi Arabia and the UAE are redefining the tech landscape. Saudi Arabia offers untapped potential for early movers. The UAE provides stability and proven returns in established sectors. For investors, the region presents a dual opportunity. The question isn’t “where to invest?” but “why not both?” 𝗧𝗵𝗿𝗶𝘃𝗲𝗻𝘁 𝗖𝗮𝗽𝗶𝘁𝗮𝗹’𝘀 𝗣𝗲𝗿𝘀𝗽𝗲𝗰𝘁𝗶𝘃𝗲 At Thrivent Capital, we believe this is the moment to act. The Middle East is transforming, and innovation is at its core. Whether you're seeking high-growth opportunities in Saudi Arabia. Or leveraging established ecosystems in the UAE. We can help align your investment strategy with the future of innovation. Let’s build your next big move. Tapan Kailashnath Nanda | Jaymin Patel #MiddleEastInvestments #AIInnovation #Vision2030 #SaudiArabia #UAE #TechOpportunities #ThriventCapital

Muscat, The Gulf Observer: The Sultanate of Oman has secured the 74th position on the Global Innovation Index (GII) 2024, out of 133 countries assessed based on seven key indicators, according to the World Intellectual Property Organization (WIPO) report. #GII #GlobalInnovationIndex #SultanateofOman #WIPO

𝐇𝐇 𝐒𝐡𝐞𝐢𝐤𝐡 𝐇𝐚𝐦𝐝𝐚𝐧 𝐋𝐚𝐮𝐧𝐜𝐡𝐞𝐬 𝐈𝐧𝐢𝐭𝐢𝐚𝐭𝐢𝐯𝐞 𝐭𝐨 𝐓𝐫𝐚𝐢𝐧 𝟓,𝟎𝟎𝟎 𝐄𝐦𝐢𝐫𝐚𝐭𝐢𝐬 𝐢𝐧 𝐅𝐮𝐭𝐮𝐫𝐞 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐞𝐬 HH Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, and Minister of Defence of the UAE, announced the launch of a groundbreaking initiative 𝒕𝒐 𝒕𝒓𝒂𝒊𝒏 5,000 𝑬𝒎𝒊𝒓𝒂𝒕𝒊𝒔 𝒊𝒏 𝒇𝒖𝒕𝒖𝒓𝒆 𝒕𝒆𝒄𝒉𝒏𝒐𝒍𝒐𝒈𝒊𝒆𝒔 𝒐𝒗𝒆𝒓 𝒕𝒉𝒆 𝒏𝒆𝒙𝒕 𝒇𝒊𝒗𝒆 𝒚𝒆𝒂𝒓𝒔. This program aims to prepare them for employment in private technology companies and is part of a wider set of projects designed to foster startup growth, support national talent, and drive innovation and entrepreneurship. 𝗧𝗵𝗲 𝗖𝗿𝗼𝘄𝗻 𝗣𝗿𝗶𝗻𝗰𝗲 𝗼𝗳 𝗗𝘂𝗯𝗮𝗶 emphasizes that the city doesn't merely compete on the global stage but actively shapes its own future by nurturing local talent and fostering an environment that encourages creativity and leadership. With the guidance of HH Sheikh Mohammed Bin Rashid Al Maktoum, the Voice President and Prime Minister of the UAE, Dubai is dedicated to building a sustainable digital economy for future generations, firmly positioning itself as a global leader among the world’s cities. Courtesy:HH Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum #SheikhHamdan #DubaiDigitalEconomy #EmiratiTalent #Innovation #ArabTimes #ArabTimesNews

Al Saqri highlights Oman’s digital transformation at United Nations session MUSCAT: Dr Said bin Mohammed al Saqri, Minister of Economy, chaired discussions on Oman’s pivotal role in advancing sustainable development in the Middle East during the session on “Sustainable Development Goals Policies in the Arab Region,” on July 15, organised by the UN Economic and Social Commission for Western Asia (UNESCWA) at the headquarters of the Permanent Mission of the Sultanate of Oman in New York. In his address, Dr Al Saqri emphasised Oman’s commitment to keeping pace with the rapid global development of advanced technologies and their applications, particularly artificial intelligence, to open new horizons for the future economy and economic diversification. Read more: https://lnkd.in/dQKs2ANB Ministry Of Economy Oman United Nations Economic and Social Commission for Western Asia (ESCWA) Oman Vision 2040 رؤية عُمان #UNSGD #DigitalTransformation #EconomicDiversification #Sustainability #Oman #OmanBiz

UAE : National Industry Economy Enhancement. The strategy of the Ministry of Industry and Advanced Technology (MoIAT) is the largest and most comprehensive plan for developing the UAE’s industrial sector and enhancing its role in stimulating the national economy. The strategy bears the name “Operation 300Bn”, based on its goal of raising the industrial sector’s contribution to the GDP from AED133 billion to AED300 billion by 2031. Emirates Development Bank (EDB) is a key enabler of Operation 300Bn. Under the strategy, the Bank allocated a portfolio of AED30 billion to support priority industrial sectors over a period of five years, which will contribute to financing 13,500 SMEs and to the creation of thousands of job opportunities. https://lnkd.in/esaeMMjG

Digital Transformation in Saudi Arabia: Empowering the Digital Economy and Enhancing Innovation 🔆 As part of Saudi Vision 2030, digital transformation is a cornerstone for achieving the ambitious goals of sustainable and diversified economic development and enhancing innovation across all sectors. This comprehensive and integrated transformation covers all economic and social life aspects in the Kingdom. 🔆 Since the launch of Vision 2030, significant positive changes in Saudi cities and regions have improved the quality of life and living standards. Driven by the National Transformation Program, this growth includes user-friendly digital government services that save time and effort, enhancing the role of the private sector in facilitating citizens' lives. The program prioritizes financial security for citizens and offers diverse and innovative services, reflecting Saudi leadership and global advancements. 🔆 Key initiatives enhancing digital transformation in Saudi Arabia include: 🔸 Saudi Authority for Data and Artificial Intelligence (SDAIA | سدايا) 🔸 "Yesser" application 🔸 "Tawakkalna" application 🔸 ABSHER Platform 🔸 "Najiz" platform These initiatives aim to improve government and private services, increase efficiency, enhance transparency, and save time and effort for citizens and residents. 🔆 The digital transformation process in Saudi Arabia follows key steps: 🔸 Digitization: Converting information from physical formats (such as paper) to digital formats. 🔸 Digitalization: Using technology to transform traditional operational processes into digital ones. 🔸 Digital Transformation: Comprehensive redesign of business models leveraging data and digital advancements. 🔆 Recent reports indicate that Saudi Arabia has invested over 93 billion Saudi Riyals ($25 billion) in digital infrastructure over the past six years. These investments aim to enhance 5G networks, expand fiber optic coverage, improve high-speed internet services, and foster innovation in emerging technologies. They are expected to grow significantly in the next decade, improving quality of life and global competitiveness. 🔆 These strategic investments and initiatives make Saudi Arabia an attractive environment for investment, highlighting its commitment to technological advancement, innovation, and a robust digital economy. The Kingdom looks forward to a bright future based on a strong and developed digital economy, supporting its ambitious vision and achieving sustainable prosperity for all. #Vision2030 #DigitalTransformation #Transformation #SDAIA #YesserApp #DigitalEconomy #Innovation #Tawakkalna #Absher #Najiz

As Saudi's economy rapidly transforms, the nation is witnessing a historic moment with innovation taking the lead. With strategic sectors including technology, construction, tourism, and sustainability rapidly evolving, the Saudi market is ripe for global and regional companies to capitalize on untapped opportunities. Read more in this Fast Company Middle East feature of our CEO, Roland Daher: https://lnkd.in/dSswKSsr #AstroLabs #SaudiArabia #SaudiInnovation #SaudiVision2030

Discover the evolving innovation landscape in Saudi Arabia! This insightful article sheds light on the nation's transformative journey across various sectors. Check it out! AstroLabs #SaudiArabia #Innovation #Opportunities

RIYADH: Saudi Arabia has embarked on an ambitious journey to embrace the Fourth Industrial Revolution, commonly associated with the period around the late 2000s to the early 2010s.  Recognizing its transformative potential for economic diversification and societal advancement, the nation unveiled its ambitious Vision 2030 plan on April 25, 2016, highlighting the strategic National Industrial Development and Logistics Program, or NIDLP. This initiative aims to cultivate high-growth sectors domestically and foster an open economy receptive to foreign capital infusion. Additionally, it serves as a catalyst for integrating Industry 4.0 technologies across diverse sectors. #saudiarabia #industrialrevolution #growth