ABU DHABI: Abdulsalam Al Murshidi, President of Oman Investment Authority (OIA), announced that the Jusoor Fund will target and support innovators in the UAE and Oman, potentially expanding to other countries.
Speaking to the Emirates News Agency (WAM) during the joint UAE-Omani Business Forum in Abu Dhabi, Al Murshidi highlighted that the newly launched fund aims to invest in cutting-edge technologies, serving as a significant resource for ambitious youth entering markets.
The Jusoor Fund, the second of its kind launched in Oman, gains momentum through a strategic partnership with ADQ Holding. Al Murshidi also indicated plans to launch third, fourth, and fifth funds following the success of the second.
The fund focuses on investing in emerging and modern technology sectors under a pre-commitment framework outlined in a memorandum of understanding signed between the parties in 2022. It targets high-growth technology companies in various sectors, particularly those with successful business models, including
financial technology, education technology, healthcare technology, clean technology, food and agriculture, and logistics services, across different stages of development.
Source: Emirates News Agency
