In a significant move to promote digital innovation in the UAE, “دو” has launched “du Ventures,” an institutional investment fund worth $50 million in collaboration with “شروق.” This strategic partnership aims to accelerate the growth of emerging technologies and startups in the region, emphasizing “دو’s” commitment to transforming the telecommunications landscape into a comprehensive digital ecosystem.
Investment Focus on Startups
On June 3, 2026, “دو,” a leader in telecommunications and digital services, introduced “du Ventures,” a $50 million investment fund in collaboration with “شروق,” a venture capital firm specializing in technology. The primary goal of this partnership is to boost the digital innovation landscape in the United Arab Emirates and the broader Middle East region. By launching du Ventures, “دو” aims to solidify its transformation from a traditional telecommunications provider to a key player in a fully integrated digital ecosystem.
Fueling Digital Transformation
According to Fahad Al Hassawi, CEO of “دو,” “The du Ventures fund represents a natural extension of our commitment to leading digital transformation and contributing to the UAE’s vision of building a globally competitive digital economy.” He emphasized that through this fund, “دو” is investing in early-stage technologies and startups that align with its strategic priorities, leveraging its extensive business reach and infrastructure to expedite the transition of emerging technologies into practical applications.
Strategic Infrastructure Support
The management of “du Ventures” will be undertaken by “شروق,” which will direct investments in line with “دو’s” corporate strategy. This collaboration will allocate a significant portion of the fund to support existing startups and entrepreneurial projects based in the UAE. Mahmoud Odi, co-founder of “شروق,” expressed that their partnership with “دو” is a natural fit, stating that “promising startups in the region need more than just capital; they seek strategic infrastructure like that provided by “دو.” Thus, the du Ventures fund aims to bridge the gap between the need for innovation and the capacity to scale, enabling entrepreneurs to introduce transformative solutions to the market at a faster pace.
This investment initiative not only enhances “دو’s” presence within the digital landscape but also plays a crucial role in nurturing the entrepreneurial spirit in the UAE. By fostering an environment conducive to innovation, the collaboration between “دو” and “شروق” is poised to create a lasting impact on the region’s economic development.