Qatar has announced a groundbreaking initiative to boost its tech ecosystem and foster innovation globally. During the Web Summit Qatar 2024, HE Sheikh Mohammed bin Abdulrahman Al Thani, Qatar’s Prime Minister and Minister of Foreign Affairs, unveiled the country’s first venture capital Fund of Funds program. This ambitious program, led by the Qatar Investment Authority, plans to invest US$1 billion in international and regional venture capital funds.
HE Sheikh Mohammed emphasized the importance of balancing rapid technological advancements with ethical principles. The initiative aims not only to stimulate innovation but also to ensure that such progress contributes positively to society, guided by moral wisdom for the greater good. This investment marks a significant step in Qatar’s efforts to become a leading player in the global tech innovation landscape.
