Abu Dhabi: The Honorable Minister of Tolerance and Coexistence and Cabinet member Sheikh Nahyan bin Mubarak Al Nahyan visited Hub71 to learn more about the initiatives being taken by Abu Dhabi’s global tech ecosystem to develop its startup community and draw top-tier international startups to the UAE capital to expand into the Middle East.
The visit serves as further evidence of the UAE’s dedication to supporting entrepreneurship and innovation as vital components of economic diversification and long-term success.
His Excellency Sheikh Nahyan bin Mubarak Al Nahyan got the chance to interact with a variety of domestic and foreign companies who have selected Abu Dhabi as their operating base to flourish in the area while on his tour. These rapidly expanding businesses are involved in industries like FinTech, ClimateTech, HealthTech, and EdTech, which are among the emirate’s top priorities.
The founders gave a presentation about their creative business plans and how they want to use AI and other cutting-edge technology to reshape the future of their respective sectors in a way that benefits Abu Dhabi’s economy and society.
His Excellency Sheikh Nahyan bin Mubarak Al Nahyan, Cabinet Member and Minister of Tolerance and Coexistence, said: “It is truly inspiring to visit Hub71, which has played a critical role in developing a thriving entrepreneurial ecosystem and supporting Sandooq Al Watan’s UAE National Incubator Network. The innovative startups choosing Abu Dhabi as a launchpad for future growth have a bright future ahead with the support of Hub71, which exemplifies our nation’s commitment to fostering knowledge and reinforcing our position as a world-class destination for cutting-edge innovation and successful entrepreneurship.”
The minister was given a thorough rundown of Hub71’s strategic plans to build a vibrant and sustainable environment that will draw in leading companies from across the globe. The CEO of Hub71, Ahmad Ali Alwan, emphasized at the briefing the value of working with Abu Dhabi government organizations and establishing strong alliances with UAE national champions to promote entrepreneurs.
As part of these initiatives, Hub71 has supported the UAE National Incubator Network, which encourages knowledge sharing in the country’s larger ecosystem, by being an active member of the Sandooq Al Watan community. These initiatives have played a pivotal role in assisting Hub71 entrepreneurs in introducing novel goods and services to the market and attracting global investor attention.
Because of the participation of Sovereign Wealth Funds like ADQ and Mubadala Investment Company, Abu Dhabi’s global IT ecosystem is growing. Abu Dhabi’s position as a capital-rich environment is being enhanced by their involvement in high-profile projects, such as Mubadala’s acquisition of a stake in Air Carbon Exchange, the world’s first fully regulated carbon trading market.
By giving businesses a welcoming regulatory environment, Abu Dhabi Global Market’s (ADGM) progressive regulatory framework helps entrepreneurs even more. Abhi, a well-known embedded banking platform in Pakistan that is currently a part of ADIO’s Innovation Program, demonstrates how Abu Dhabi Investment Office (ADIO) makes sure that Hub71 businesses have a clear route to long-term success.