Last year, a number of GCC territories made their desire to participate in technology development clear, and now; the world is seeing that desire turn to action. Recent investments and ventures with Southeast Asian partners in particular are driving the move.
The relationship between the Middle East and Southeast Asian technology ventures has been building for some time, with new milestones seemingly being reached every day. This past month saw the unveiling of a new UAE based data center, owned by Chinese online giant Alibaba. The move is a positive step towards the UAE’s Smart City plans, supplying the cutting edge in cloud technologies, alongside application development centers and big-data tools for users within the region. Clearly, Alibaba stands to gain too, citing the need to support its growing user base within the Middle East, and hoping to expand upon its current 2.3 million strong user base.
The announcement comes just weeks after another huge investment collaboration between Japanese investors SoftBank and Saudi Arabia’s Public Investment Fund; a joint venture into creating and acquiring exciting technology projects that totals up to $100 billion. While based primarily in London, the venture is an incredibly clear statement that the Middle Eastern market is hungry to take advantage of developments within the technological marketplace, and a connection to highly experienced players in Southeast Asia looks incredibly beneficial.
Both of these announcements are also a step forward in the creation of Smart Cities within the GCC, and in particular, the Smart Transportation initiative in UAE. The plan seeks to learn from systems already in place in Japan and other Chinese cities such as Singapore, and partnerships fostered between Southeast Asian and those within the GCC are proving to be highly coveted.
Creating this kind of partnership takes time, trust, and a knowledge of how both investors and developers act. While both regions are showcasing a perfect storm of knowledge and willingness to participate, identifying the right candidate for your situation is incredibly complex. Luckily, Naseba has exactly what it takes.
On February 21st-22nd 2017 Naseba will be conducting a two-day technology investor meeting, taking place in both Dubai, UAE, and Riyadh, Saudi Arabia, introducing pre-screened investors to pre-qualified investment opportunities from around the world. Committed to assisting in the identification of both regional and national investors, Naseba is ready to create your perfect investment platform.
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Naseba investor introduction
+971 4 455 7954