Hub71, KSA’s Misk Foundation in cross-market access pact
The partnership aimed at helping startups access the Saudi and UAE markets
Abu Dhabi-based tech ecosystem Hub71 has signed an MoU with Misk Foundation for cross-market access for startups in the United Arab Emirates and the Kingdom of Saudi Arabia.
The MoU outlines steps towards building a larger shared ecosystem aimed at helping startups access the Saudi and UAE markets.
Mahmoud Adi, CEO of Hub71, said: “The MoU agreement signed with the Misk Foundation means that Hub71 startups will have better access to the flourishing Saudi market. It also opens up a world of possibilities between two aligned ecosystems looking to develop a more collaborative approach to sharing market insights, investor relationships, strategic partnerships as well as co-working spaces.”
Shaima Hamidaddin, executive manager, Misk Global Forum, said: “At Misk we’re committed to empowering young people around the world to realise their potential in the future economy. A vital part of that is supporting innovative entrepreneurship and exciting founder-led ideas. This strategic MoU with Hub71 will allow us to create a more open and dynamic environment for these startups and others in the future, to grow, flourish, and succeed.”