UAE launches $200M tech fund focusing on developing nations, overseen by ATRC for technology development and research financing.

The United Arab Emirates launched a $200 million technology fund on Monday to finance the development of advanced technology in developing nations. The fund, financed by the Abu Dhabi government, will be managed by the Advanced Technology Research Council. The fund aims to make UAE's technology accessible to governments and organizations in poorer nations and will finance research projects. The UAE has previously channeled government funding for economic and social development projects in Africa and Asia.

February 12, 2024
4 Articles