AI Summary12 Jul 202627 Muharram 1448 AH
AI Summary
12 Jul 202627 Muharram 1448 AH
Jordan fund invests $5 million in STV
The Innovative Start-ups and SMEs Fund (ISSF) in Jordan has agreed to invest $5 million in a Google-backed AI fund managed by Saudi Technology Ventures (STV). The agreement, signed in Amman last week, aims to create an investment corridor between Jordan and Saudi Arabia.
Established in 2017 with a capital of $98 million, ISSF seeks to channel Gulf investments into Jordan's tech sector. STV, the largest technology investment firm in the Middle East, will directly invest in Jordanian AI start-ups in return for the funding.
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This summary is generated with AI and receives periodic editorial review. Refer to the original source for full details.
Jordan fund invests $5 million in STV
The Innovative Start-ups and SMEs Fund (ISSF) in Jordan has agreed to invest $5 million in a Google-backed AI fund managed by Saudi Technology Ventures (STV). The agreement, signed in Amman last week, aims to create an investment corridor between Jordan and Saudi Arabia.
Established in 2017 with a capital of $98 million, ISSF seeks to channel Gulf investments into Jordan's tech sector. STV, the largest technology investment firm in the Middle East, will directly invest in Jordanian AI start-ups in return for the funding.
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This summary is generated with AI and receives periodic editorial review. Refer to the original source for full details.
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