Taking Off: Hub71 Soars to New Heights
Abu Dhabi’s vibrant tech ecosystem, Hub71, is experiencing explosive growth. Startups within the Hub71 ecosystem of Abu Dhabi achieved over AED 4 billion ($1.1 billion) in revenue. This impressive milestone underscores Abu Dhabi’s emergence as a leading global tech hub and a magnet for innovative businesses worldwide.
Hub71 is Fueling Growth and Innovation for Abu Dhabi
Led by CEO Ahmad Ali Alwan, Hub71 has cultivated a thriving environment for startups to flourish. Since its inception, the ecosystem has attracted over 300 startups from around the globe and forged over 150 strategic partnerships, providing startups with access to vital resources, investment opportunities, and a supportive network.
A Global Magnet for Tech Talent
Hub71 has become a sought-after destination for aspiring entrepreneurs and innovative companies. With over 2,500 applications received for its programs, Hub71 plans to welcome around 50 new startups to the ecosystem by the end of 2024. This influx of talent and innovation further solidifies Abu Dhabi’s position as a leading investment destination and a global hub for business growth.
A World-Class Ecosystem
“Abu Dhabi has created an unparalleled environment for businesses to thrive,” says Ahmad Ali Alwan, CEO of Hub71. “With world-class infrastructure, a supportive ecosystem, and a commitment to innovation, we are attracting top talent from around the world.”
The Future of Hub71 in Abu Dhabi & Beyond
Looking ahead, Hub71 will continue to attract international companies from advanced sectors. It aims at fostering a dynamic and innovative environment that drives economic growth and positions Abu Dhabi as a global leader in the tech industry.