Guest Posts, Link Building, SEO, Pay-Per-Click campaigns
Advanced Search
Download our Media Kit

 





Home / News / Local News
Local News
   

Mohamed Alabbar Acquires Large Stake In Middle East Venture Partners (MEVP) To Create Leading Venture Capital Investment Firm In MENA
(18 May 2017)
Alabbar and MEVP to accelerate the digital entrepreneurial ecosystem in the region


 

Middle East Venture Partners (MEVP) today announced that Mohamed Alabbar has acquired a large stake in the company to create one of the leading venture capital investment platforms in the Middle East and North Africa (MENA) region.

MEVP is one of the largest venture capital firms in the MENA region with an established track-record by co-founders Walid Hanna, Walid Mansour and Rabih Khoury. Together with Alabbar, MEVP will partner with emerging local champions to help grow them into enduring regional businesses. This investment is part of Alabbar’s strategy to boost the region’s digital economy and follows a series of innovative tech initiatives led by him.

Alabbar said: “I am delighted to acquire a stake in MEVP and to partner with its established VC investment team on this long-term journey of discovering the region’s future innovators and tech entrepreneurs. While preserving MEVP management’s operational independence, we will extend support to young and emerging digital entrepreneurs with growth capital, strategic advice, and operational support, and help them grow into sector leaders, regionally and beyond. We are privileged to be building the future of the digital economy in a region that has all the fundamentals for success. The venture capital sector will take the lead in preparing the region’s businesses to evolve and remain relevant through this digital transformation.”  

Walid Hanna, MEVP Founder and Managing Partner, added: “We are honored to be part of Mohamed Alabbar’s wider plans for the region’s digital sector, as his venture capital technology investment partner. This is an exciting day for MEVP and is a testament to our unique ability and proven track-record in identifying and funding MENA market leaders. This investment reiterates MEVP’s reputation as the VC regional leader. By combining Alabbar’s vision with our team’s VC experience, we will offer regional startups greater opportunities to benefit from inevitable digital disruptions.”

Download the Dubai City Guide iPhone mobile app

DubaiCityGuide.com is owned and managed by Cyber Gear


  All fields are mandatory
Your Name
Email
City
Country
Your Comments
 Max 250 characters - Word Count :
Image Verification
Change Image

     
 
email print
2915
 

Sponsored By : PressReleaseNetwork.com           Sponsored Opportunities

       
       
   
       
Starting Business in UAE

Daily Guide

 



Hotels hotels Check out Hotels in Dubai
Shopping shopping A complete Mall & Store Guide
Dining dining Eating out at the coolest spots
Sightseeing sightseeing Things to see & do
DCG Recommends dcg recommends Best of the best in Entertainment
News Alerts
News Alerts
Stay ahead with dubai news
dcg mobile
dcg Mobile
With you wherever you go
rss feed
RSS Feeds
Get the latest
dubai blog
Dubai Blog
Your space, your voice
sitemap
Sitemap
DCG at a glance