Abu Dhabi’s global tech ecosystem, Hub71, has announced remarkable achievements, with startups within its network securing over AED 7 billion in funding and generating revenues exceeding AED 4 billion. The figures were revealed by Ahmad Ali Alwan, CEO of Hub71, during an interview at the conclusion of Abu Dhabi Business Week, held at the Abu Dhabi National Exhibition Centre (ADNEC).
Highlighting the ecosystem’s rapid growth, Alwan shared that Hub71 now hosts over 300 startups from around the globe. These businesses benefit from a robust support framework, backed by over 150 strategic partnerships that enable investment attraction, revenue generation, and sustainable development.
Since its inception, Hub71 has received more than 2,500 applications for its programmes. By the end of 2024, the ecosystem aims to onboard approximately 50 new startups, reflecting Abu Dhabi’s standing as a premier global destination for innovation and investment.
Alwan underscored Hub71’s commitment to positioning Abu Dhabi as a leading hub for business growth by attracting international companies in advanced sectors. He emphasised that the UAE offers world-class infrastructure and resources, creating an ideal environment for businesses to innovate and scale effectively.
As a flagship initiative under Abu Dhabi’s economic diversification strategy, Hub71 continues to play a pivotal role in fostering innovation, driving investment, and enhancing the UAE’s status as a global economic hub. Its achievements underscore Abu Dhabi’s vision of supporting high-growth industries and creating an ecosystem conducive to entrepreneurial success.
With its ongoing initiatives, Hub71 is well-positioned to further contribute to the UAE’s ambitions of being at the forefront of global technological and economic advancements.
