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  • 24-03-22

    Turkey, UAE to inaugurate tech finance of USD300

    (MENAFN) A tech finance of USD300 million was declared on Wednesday between the Turkish Wealth Fund (TWF) along with Abu Dhabi Developmental Holding Company PJSC (ADQ).

    According to TWF press release, having a goal of expanding the Turkish technology ecosystem, the finance is "the first step for the TWF in its vision to establish a broader $1bn technology platform, the Turkiye Technology Fund (TTF)."

    Based on the statement, the TTF is planned to enhance the expansion of the Turkish technology ecosystem by extending access to venture capital via allocated funds, investing in disrupting technologies to push development in the TWF's conventional portfolio, and growing strategic technological investments in fields significant to the country’s advancement.

    MENAFN24032022000045013568ID1103904704

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