Africa News WeWork makes UAE debut

WeWork makes UAE debut

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Hub71, Abu Dhabi’s tech ecosystem, has officially launched WeWork x Hub71, three floors of workspace offering 1,200 desks for members to innovate, collaborate and connect in Abu Dhabi Global Market.

The building is WeWork’s first location in the UAE and its first members moved in earlier this month, including Hub71’s global community of startups, venture capitalist firms and tech accelerators.

Adding to the growing community, it was also announced that four new start-ups – Jordanian company Rizek, UAE-based fintech companies Sarwa, denarii cash and US-based Securrency, a New York founded pioneer of blockchain technology – have been admitted into the Hub71 Incentive Program, bringing the total number of start-ups at Hub71 to 39.

Ibrahim Ajami, head of Ventures – Mubadala Capital and acting CEO of Hub71, said: “The launch of the new WeWork x Hub71 is another positive proof point for Abu Dhabi’s tech and startup ecosystem. Our mission is to provide entrepreneurs with community support and market access as they grow their businesses. The WeWork x Hub71 community is a fundamental part of our strategy to enable entrepreneurs with differentiated offerings.”

With 740 locations in 140 cities across 37 countries, there are over 662,000 WeWork memberships worldwide. WeWork is an American commercial real estate company that provides shared workspaces for technology start-ups and services for other enterprises. Founded in 2010, it is headquartered in New York City.

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