Abu Dhabi will commit up to 1 billion dirhams ($272 million) to support technolo...
ABU DHABI - Abu Dhabi will commit up to 1 billion dirhams to support technology start-ups, it said on Sunday, in a dedicated hub as part of efforts to diversify its economy.
Abu Dhabi derives about 50 percent of its real gross domestic product and about 90 percent of central government revenue from the hydrocarbon sector, according to ratings agency S&P. The goal is to have 100 companies over the next three to five years, Ajami said. “The market opportunities in this region are immense,” he added.
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