ADQ and Turkey's wealth fund form $300m fund to invest in tech start-ups
Abu Dhabi's holding company ADQ and Turkey Wealth Fund formed a new $300 million technology fund that will focus on investing in start-ups in Turkey, further deepening the UAE's investment ties in the country.
Turkey Technology Fund (ADQ TWF) will invest in companies developing new technologies or improving existing technology in sectors that include energy and utilities, health care and life sciences, food and agriculture, mobility and logistics, financial services, and education, the Abu Dhabi Government Media Office said on Thursday.
"Turkey is an attractive market with substantial opportunities for investing in vital sectors that align with our areas of expertise," said Mohamed Alsuwaidi, managing director and chief executive of ADQ.
"By providing access to the national and regional champions in our portfolio, we will help to unlock even greater value for these companies and funds with high-growth potential.”
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