Rich Arabs are investing in technology for a number of reasons, including the potential for high returns, diversification of their existing investments, and the chance to become an early adopter of the latest advances in technology. Growing technology markets in the Middle East, North Africa, and Central Asia, have further fueled this kind of investment. Additionally, wealthy Arabs are able to use their vast wealth to gain access to cutting-edge technology investments in start-ups, software, hardware, and other areas.
List of richest Arab in the World investing in technology
1. Alwaleed bin Talal (Saudi Arabia): Chairman of Kingdom Holding Company, investor in technology companies such as Twitter, Apple, Lyft and BlackBerry.
2. Abdulla bin Ahmad Al Ghurair (UAE): Chairman of Mashreqbank, invested in several venture capital firms that focus on technology investments.
3. Fahad Al Rajan (Saudi Arabia): Founder of Arcapita, an investment fund focused on tech investments in start-ups and companies.
4. Hussain Sajwani (UAE): Founder of DAMAC Holding, invested in technology companies in the Middle East region.
5. Sultan bin Sulayem (UAE): Chairman of DP World and the Ports, Customs & Free Zone Corporation, investor in LogisticsTech Ventures.
6. Majid Al Futtaim (UAE): Founder and CEO of Majid Al Futtaim Holding, investor in start-ups and companies across the Middle East.