It included "Colsyn", "Live" and "Rizk".

Abu Dhabi Investment Company provides new support to 3 emerging technology companies

Tariq bin Hindi: "We are working to help companies, accelerate the progress and success of their businesses, and ensure their readiness for sustainable growth."

The Abu Dhabi Investment Office announced yesterday the signing of three individual partnerships with Colsign, Live and Rizk, to provide these companies with financial and non-financial support packages within the framework of the office's "innovation program", amounting to two billion dirhams. ($545 million).

According to a statement issued yesterday, the three companies received financial and non-financial support packages to enable them to expand and develop their operations in the Emirate of Abu Dhabi. About other non-financial incentives, such as assistance in setting up businesses, and communicating with partners within the innovation system in the Emirate of Abu Dhabi

The Director General of the Abu Dhabi Investment Office, Dr. Tariq Bin Hindi, stressed the importance of the rapid developments in the information and communication technology sector in the Emirate of Abu Dhabi.

He said: "Many international companies are currently developing the latest advanced technology solutions and innovations, starting with the Emirate of Abu Dhabi, which has emerged as a leading technology destination and a major center for attracting regional headquarters for companies in the region," noting that Abu Dhabi is a long-term partner for businesses and companies that are in line with its vision and goals. The strategy.

He added, "We are working to help these companies, accelerate the progress and success of their businesses, ensure their readiness for sustainable growth, and bring about real change on the global stage."

In turn, Dr. Zia Hayat, CEO and Chairman of the Board of Directors of Colsign, said: "The UAE leadership has confirmed its ambitious and clear vision through the establishment of the Abu Dhabi Investment Office, which has contributed to the consolidation of the position of the Emirate of Abu Dhabi as a global destination attractive to regional centers for companies."

For his part, Hassan Helles, CEO and co-founder of Life, said: “We are proud to have received this important investment that will enable us to expand our business at this time of rapid growth and digital transformation.”

As for the founder and CEO of Rizk, Abdullah Abu Sheikh, he said that the partnership with the Abu Dhabi Investment Office further confirms the significant positive impact that our platform has had since its launch, as well as the efforts that we will continue to make to develop the on-demand services industry in the UAE and the region as a whole.

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