Companies in “Hub71” raise funds amounting to 7 billion dirhams

The CEO of the global technology system “Hub71”, Ahmed Ali Alwan, said that “the volume of financing for startup companies operating within the system amounts to more than seven billion dirhams,” confirming the companies’ success in achieving revenues exceeding the barrier of four billion dirhams.

He added in statements to the Emirates News Agency, WAM, on the sidelines of the activities of the first edition of Abu Dhabi Business Week, which concluded yesterday and lasted for three days at the ADNEC Center in Abu Dhabi, that the system currently includes more than 300 startup companies from various parts of the world, in addition to 150 A partnership that contributes to helping emerging companies attract more investments and revenues and providing qualitative opportunities that enhance the growth of companies.