The funding is the latest announced by Al Waha, which was launched in 2018 to drive greater venture capital investment across the Middle East.
The Ministers of Finance of the Kingdom of Saudi Arabia, the United Arab Emirates, the State of Kuwait…1258 | the publication reaches you by | Bahrain News
Al Waha Fund of Funds stated that the $250 million Chinese fund has already made 10 investments across the Gulf region over the past year and has facilitated exchanges for Chinese and Bahraini entrepreneurs.
Areije Al Shakar, Fund Director at Al Waha Fund of Funds, said,
“Both China and Bahrain offer a substantial pool of tech talent, start-up capital and digitally-minded consumers, so the scope for further building this relationship is substantial.”
Bahrain offers an innovative and stable start-up ecosystem that enables entrepreneurs to grow their ideas amid an atmosphere of pro-business regulation and strong public-private partnerships.
Al Waha Fund of Funds has so far invested in a range of venture capital firms such as BECO Capital, Middle East Venture Partners as well as 500 start-ups and European fund manager Finch Capital.
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