Manoj Narender Madnani

Saudi venture capital sector expanding exponentially Saudi Arabia's venture capital sector is booming, and global venture capital firms are taking notice. Recently, Saudi Venture Capital Co. invested $30 million in a private equity fund managed by General Atlantic, a US-based investment firm with a portfolio of $84 billion in assets under management. This investment is part of SVC's Investment in Funds Program and is aimed at attracting top global fund managers to invest in Saudi-based companies, stimulating investment for later stages. With this move, the Saudi venture capital landscape is set to see significant growth. Post by Nour Edin El Shaeri Repost by Salem Bagami Chief Executive Officer Digital Transformation Company & Managing Director 2080 Ventures Email: [email protected] Website: www.2080.ventures https://lnkd.in/d6YK7Hfp Nabeel Koshak Sun Choi 최성안 Timur Daudpota #SaudiVentureCapital #GlobalInvestment #GeneralAtlantic

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A Dubai-based fund-of-funds focused on backing emerging venture investors, has raised $5 million of the $10 million target for its debut fund. Amkan Ventures is connecting family offices in the Gulf region and emerging U.S.-based VCs — two groups unlikely to otherwise meet. A fund led by Female GP Raida Daouk El Jisr decided to raise a fund after helping a number of family offices and other institutions vet and invest in American venture firms and tech startups as a consultant and building out another prior employer's portfolio. #fundraising #investment #GCC #USfunds #venturecapitalists #limitedpartners #generalpartners #Funds #LPs #GPs #VCs #emergingfunds #fundmangergs

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Launching a New Era of Saudi-British Partnerships and Understandings: Key Initiatives Announced During the official visit of UK Prime Minister Keir Starmer to Saudi Arabia on December 9, 2024, both nations emphasized the importance of deepening their economic, cultural, and educational ties, aligning with #SaudiVision2030 and the UK's Industrial Strategy. 🔅 Economic Partnership and Trade 🔸️ Increase bilateral trade to $37.5 billion by 2030. 🔸️ Recognition of Saudi investments in the UK, including Selfridges, Heathrow Airport, and Newcastle United Football Club. 🔸️ UK Export Finance pledged to raise its market exposure to $6 billion, supported by a $700 million Shariah-compliant investment for the Qiddiya | القدية project. 🔸️  Establishing a free trade agreement between the UK and GCC to boost trade by 16%. 🔅 Energy and Clean Hydrogen 🔸️ Enhanced cooperation in #RenewableEnergy, #CleanHydrogen, and #electricity, focusing on policy and human capacity development. 🔸️ Launch of a Clean Hydrogen Alliance led by King Fahd University of Petroleum & Minerals - KFUPM and Newcastle University. 🔸️ Support for global supply chain resilience through Saudi Arabia’s Global #SupplyChain Resilience Initiative, targeting renewable energy, green metals, and advanced #recycling technologies. 🔅 Education and Research 🔸️ Increasing the number of British schools in #SaudiArabia to 10 by 2030. 🔸️ Opening UK university branches in Saudi Arabia to foster knowledge-based economic development. 🔸️ Expanding vocational and technical #education partnerships and special needs education programs. 🔸️ Launching a collaborative project between the Camborne School of Mines Association at the University of Exeter and Saudi Arabia’s Center for Mining Innovation. 🔅 Cultural and Sporting Initiatives 🔸️ Deepened collaboration in heritage, museum infrastructure, and cultural exchange programs. 🔸️ Joint programs between Saudi and British universities to promote female leadership in sports and esports. 🔸️ Partnership between The Royal Commission for AlUla and the British Council, coinciding with the latter’s 90th anniversary. 🔅 Healthcare and Humanitarian Efforts 🔸️ Initiatives to train Saudi nurses and develop advanced nursing colleges in Saudi Arabia. 🔸️ Strengthened cooperation to address global health challenges and expand medical research initiatives. 🔸️ Joint funding of $100 million for humanitarian aid and development projects. 🔅 Sustainability and Climate Action 🔸️ Alignment on UNFCCC and Paris Agreement goals with mutual support for ambitious outcomes at COP30. 🔸️ Recognition of Saudi Arabia’s leadership through the Saudi #Green Initiative, Middle East Green Initiative, and the Circular Carbon Economy. 🔅 This visit strengthens Saudi-British ties and advances collaboration in innovation, economic growth, and sustainability. #UKPartnership #GlobalTrade #CleanHydrogen #Healthcare #CulturalExchange #SustainableDevelopment #UK

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Abu Dhabi's strategic push to attract family offices and ultra-high-net-worth individuals marks a transformative shift in its economic landscape. By enhancing investor experiences through exclusive schools, private clubs, and tailored banking, the emirate is cultivating a thriving ecosystem for the wealthy. This influx bolsters local economies and positions Abu Dhabi as a global wealth management hub. The emphasis on education in wealth management and governance demonstrates a forward-thinking approach, ensuring sustainability and responsible stewardship of wealth across generations. As the region attracts self-made billionaires, its financial landscape is set for unprecedented growth and innovation. #wealthmanagement #abudhabi #familyoffices #investmenttrends #ultrahighnetworth

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Interview on Al Arabiya News Channel Business with Maya Jureidini discussing precious metals and US markets: - The rally that started with gold in precious metals, is now dragging silver up, especially so that silver has practical usage in clean energy industries. However, for individual investors, gold might be a better choice. Remember, for $10,000 you can buy 4 ounces of gold (113 grams) or roughly 12 kilograms of silver. Which one is easier to store? - Copper is rallying on the back of Chinese demand, and industrial usage for the metal. We expect this play to be a longterm one, rather than a short term, and there will be dips, which are opportunities to buy, just like gold - China's real estate market is the biggest in the world, and for the Chinese economy to get back on track, the real estate situation has to stabilize, which the Chinese Government is taking the right actions to boost. Government intervention is happening in light steps, which is a good thing. We have re-entered Chinese equities 2 months Thank you Hanya Amr for having me again, always a pleasure.

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Masdar (Abu Dhabi Future Energy Company), the Middle East's largest #renewableenergy company, is advancing towards its goal of reaching 100GW in wind and solar capacity by 2030, positioning it among the world’s leading renewable energy players. Backed by ADNOC Group, TAQA Group, and Mubadala, Masdar has been expanding globally with major deals in Spain, Greece, the US, and the UK. Their strategy focuses on a balanced portfolio of wind and solar projects across key markets, including the Middle East, Europe, and the US. Unlike traditional financial investors focused on short-term returns, Masdar is a strategic investor with a long-term vision, emphasizing sustainable growth over quick profit. As a utility company, their investments are designed for long-term impact, not short-term asset recycling, aligning with the broader goals of the global energy transition. #RenewableEnergy #Sustainability #cleanenergy #energytransition

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Saudi Arabia’s “Project Transcendence,” a $100 billion AI investment, aims to establish the Kingdom as a leading tech hub. Beyond infrastructure, it’s about building a full AI ecosystem—data centers, startup support, and talent recruitment. While facing regulatory and talent hurdles, Saudi Arabia’s vast resources enable it to tackle these challenges. This shift from an oil-based economy to a tech-driven future could create jobs, enhance public services, and elevate the Kingdom’s influence on the world stage. SovAI Systems "SovAI" Canvass AI

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MENA has emerged as a vibrant hub for innovation and entrepreneurship, fostering a dynamic landscape for startups. Over the past decade, venture capital has played a pivotal role in fueling this growth, providing essential funding and strategic support to fledgling businesses. MENA’s startup ecosystem raised $1.3 billion through 352 deals in the first nine months of 2024, a slight dip from the same period last year. However, investor confidence surged, with a 34% increase in unique backers to 386 investors. Saudi-based startups led the region, capturing 39% of the total funding, according to MAGNiTT #VentureCapitalists #fundraising #investment #GCC #Assetsmanagers #privatequity #familyoffices #MENA #abudhabi #dubai #saudiarabia

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The UAE is rapidly advancing its position as a global economic powerhouse through its Comprehensive Economic Partnership Agreement (CEPA) strategy. Introduced as part of the visionary "Projects of the 50" initiative, CEPA aims to attract $150 billion in foreign direct investment by 2031 and transform the UAE into one of the world's top ten FDI destinations. CEPAs provide an integrated economic environment that yields extensive advantages for businesses. This includes significant reductions in import and export duties, streamlined regulations, and minimized paperwork, and broader access to affluent markets in partner countries. The UAE has signed agreements with many countries, demonstrating a commitment to broadening its economic influence. This strategy opens up opportunities for businesses within the UAE, easing access to new markets and reducing trading costs. It also creates a stable and welcoming business environment for international companies seeking to enter the UAE, thereby facilitating easier operations in a thriving economic landscape. The impact of these strategic partnerships is set to redefine business dynamics not only in the Middle East but globally. #UAE #CEPA #Business #Trade #Investment #Expansion #GlobalTrade #EconomicGrowth #ForeignInvestment #InternationalBusiness #TradeAgreements #EconomicDevelopment #MarketAccess #InvestmentOpportunities https://lnkd.in/dt4J8eaT

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Excited to share that we have closed our Series A funding round of USD30M with the backing of Aramco’s VC arm Wa’ed Ventures, Sumitomo Corporation, and Global Ventures. As a circular led business since 2018, with our new funding we will be changing the way consumers think about purchasing and owning their personal tech devices in the GCC. We want to change the traditional linear model of ownership to a circular one with our new vertical ‘Zaam’- one that sees the lifespan of devices extended to their full potential with secondary users and parts re-used. No device should sit dormant in a drawer or worse still, in landfill. We will save customers money whilst significantly bringing down the environmental impact of e-waste in the region. A win, win for all. Nikos Anastasiadis Tariq Saiduddin Samer Abdin Ahad Shaikh Nehal Farooqui Ali AlSubaihin Fahad Alidi Muhammad Zeeshan Hassan Abdullah Althamir, MBA Noor Sweid Tariq Bin Hendi, PhD Marika Brivio Ehab Al Khiary Medea Nocentini https://lnkd.in/dytQG8iC

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Summary: Despite Saudi Arabia's history of human rights abuses, there is a growing interest from U.S.-based investors to invest in startups in the Middle Eastern nation. General Catalyst is planning to invest in a fintech startup, Lean Technology, and other firms such as Coatue Management and Andreessen Horowitz have recently backed Saudi Arabian startups. Key takeaways: Despite concerns about the country's human rights record, some U.S. investors are showing a willingness to invest in Saudi Arabian startups, potentially driven by the country's large and growing market. General Catalyst investment in Lean Technology is a significant step in this trend, as it is the firm's first investment in a Middle Eastern nation. Other U.S. firms, such as Coatue Management and a16z, have also recently backed Saudi Arabian startups or expanded their presence in the country through investments in related industries (such as co-living). Counter arguments: There may be ethical concerns about investing in a country with a record of human rights abuses and suppressing dissent. The motivations behind these investments may also be driven by the goal of gaining access to the huge Saudi Arabian market, rather than solely supporting the growth of the country's startups. #venturecapital #vc #venture #startups

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Abu Dhabi Investment Firm Lunate Takes On AI Firm G42’s China Fund Key points: Lunate, an entity under #AbuDhabi's International Holding Company (ADX:IHC), takes control of the China-focused 42XFund previously managed by #AI firm G42. The 42XFund, now managed by Lunate, holds stakes in major Chinese #technology firms such as ByteDance and JD. G42, initially focused on AI dominance in the Middle East, shifts focus under CEO Peng Xiao to Western markets, attracting #investments including $1.5 billion from Microsoft. Lunate's involvement in managing 42XFund raises questions about alignment with US strategic interests amidst broader geopolitical tensions. https://lnkd.in/e-TqjyG2

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Saudi Arabia Receives Invitation to G7 Summit, Strengthening Diplomatic Stance 🔸️Saudi Arabia has officially received an invitation for Crown Prince 𝑴𝒐𝒉𝒂𝒎𝒎𝒆𝒅 𝒃𝒊𝒏 𝑺𝒂𝒍𝒎𝒂𝒏 to attend the G7 Summit in Italy 🇮🇹 this June. 🔸️This invitation underscores the Kingdom's economic importance as the largest oil producer and its pivotal role in stabilizing global energy markets. 🔆Saudi Arabia plays a significant political and diplomatic role in resolving regional and international conflicts. 🔆This move also recognizes Saudi Arabia's efforts in economic reforms and the implementation of Vision 2030 to promote sustainable development and diversify the economy. 💡In another context, Saudi Arabia has decided not to attend the peace conference on the Ukraine-Russia war in Switzerland due to the absence of Russia. The Kingdom affirmed that peace cannot be achieved without the participation and agreement of the conflicting parties. #SaudiArabia #USA #UK #Canada #France #Germany #Italy #Japan #Russia #Ukraine #Switzerland #China #diplomacy #crownprince #internationalrelations #middleeast #sustainabledevelopment #vision2030 #ukrainerussiawar #G7

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I recently gave an interview to MEA Finance Magazine, where I had the opportunity to share my thoughts on the state of private equity and venture capital in the GCC. The discussion covered the regional economy, factors driving startup activity, trending sectors for investment, and the ESG considerations. Read the full interview here: https://lnkd.in/dhv-bQrh #venturecapital #privateequity #investmenttrends #GCC Aument Capital Partners Andrew Dalton Alex Lawrence

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I joined Ali Miraj on LBC Radio yesterday to discuss COP29, its $300 billion pledge, and how investments in efficient energy infrastructure can and should cut costs, improve productivity and make more money because they waste less. ‘$9 trillion has been invested into renewable energy in the last 20 years, but it hasn’t had much impact on greenhouse gas emissions’. We need renewables but we also need efficiency. Most energy is lost or wasted in extraction, conversion, generation, transmission and distribution. It's time to get efficient and commercially sustainable. Fast.

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The Middle East Investment Expo and Awards hosted by Dotmount Communications may have come and gone but its lessons continue to resonate with everyone who attended the events. Indeed, attending and speaking at the Middle East Investors Expo held in Nigeria from July 4th to July 5th was an incredibly rewarding experience. I spoke on the topic, Democratizing Technology: Building the Next Generation of Profitable and Impactful Businesses. The event brought together visionary entrepreneurs, investors, and industry leaders, all united by a common goal of harnessing the potential of startups, driving economic growth and solving global challenges. Engaging with forward-thinking minds at the expo highlighted the immense possibilities that lie ahead for startups. It was a testament of what is possible with a cross-pollination of ideas between Africa and the Middle East. The discussions underscored the importance of working together and fostering an ecosystem that supports innovation, collaboration, and sustainable development. With the right support and partnership, startups in Africa can lead the charge in creating jobs, advancing technology, and addressing critical issues like climate change and inequality. Nigeria and the Middle East stand at the cusp of greatness with opportunities and partnerships that are mutually beneficial. Now is the time to build the next generation of businesses that not only drive economic growth but also make a positive impact on society. By working together, we can create a future where startups are at the forefront of change, leading the way to a more prosperous and equitable world. The global landscape offers unprecedented opportunities for startups to thrive and make a significant impact. By leveraging innovation, technology, and strategic partnerships, startups can tap into vast markets and create businesses that are both profitable and transformative. For Nigeria and the Middle East, the time is ripe and I believe we can continue to collaborate, innovate, and build a future where startups lead the way to a better world. #startupgrowth ##GlobalOpportunities #innovation #impactfulbusiness ##sustainabledevelopment #middleastexpo #Nigeria #Africa

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