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The Dubai Integrated Economic Zones Authority (DIEZ) has announced the launch of a venture capital (VC) fund worth $136 million.
DIEZ said in a statement on last Friday that the fund is designed to finance technology startups and supports the economic objectives outlined in the Dubai Economic Agenda, D33 by promoting the growth of small and medium-sized enterprises (SMEs) in various emerging sectors.
According to the statement, the fund is the first investment program launched under the name of Oraseya Capital, the venture capital arm of DIEZ specializing in venture investment…
