Hub71, KSA’s Misk Foundation in cross-market access pact

The partnership aimed at helping startups access the Saudi and UAE markets

MoU signed by Mahmoud Adi, CEO of Hub71, and Shaima Hamidaddin, executive manager, Misk Global Forum, at the Misk Global Forum, Riyadh, Saudi Arabia.
MoU signed by Mahmoud Adi, CEO of Hub71, and Shaima Hamidaddin, executive manager, Misk Global Forum, at the Misk Global Forum, Riyadh, Saudi Arabia.

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.”

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