Sunday, August 1, 2021

Emirates Angels launches business directory on their app

The Emirates Angel Investors Association has launched the Business Directory on their mobile app. The directory will include a list of tech startups, making it easier for angel investors to search for investment opportunities in these startups, while at the same time allowing these startups to reach angel investors.

On this occasion, Masaood Rahma Al Masood, Chairman of the Board at Emirates Angels, said “The launch of the business directory came in the belief of the association that there should be a unified database for startups that helps angel investors to directly access these startups and creates allow communication between all parties in the ecosystem”.

Al Masoud added, “We believe that the United Arab Emirates is the best place for angel investors and entrepreneurs, due to the unlimited support provided by the wise leadership of the UAE and all concerned parties, especially the Ministry of Economy.”

For his part, His Excellency Abdullah Al Saleh, Undersecretary of the Ministry of Economy stressed the importance of the startup sector in the country, which the ministry attaches great importance to. His Excellency also praised the role played by the Emirates Angels, whether through investing in startups or through events and programs organized by the association, stressing the Ministry of Economy’s support for all these initiatives.

The United Arab Emirates is a leader in the Middle East and North Africa (MENA) in the field of startup and deals, as in the first quarter of 2021, 11 investment deals worth $130 million were signed. It was also able to conclude 129 investment deals worth $579 million by the end of 2020.

It is worth noting that registration in the business directory is free for all startups in the United Arab Emirates, in support of the association for these startups and their participation in supporting the economy in the country.

The mobile app can be downloaded from the Apple AppStore, Google PlayStore and Huawei
AppGallery.

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