Dtec and OQAL Angel Investors Network Saudi Arabia Bahrain signs MoU to support venture investments for startups

Dtec and OQAL Angel Investors Network Saudi Arabia Bahrain signs MoU to support venture investments for startups

Dubai-UAE: Dubai Technology Entrepreneur Campus (Dtec), the largest tech hub and coworking space in the MENA region wholly owned by Dubai Silicon Oasis Authority (DSOA), signed a memorandum of understanding (MoU) with OQAL Angel Investors Network (Saudi Arabia & Bahrain), the leading early-stage investor group in Saudi Arabia and Bahrain, to enhance the venture investment culture in startups and support young entrepreneurs.The memorandum aims to strengthen cooperation between Dtec and OQAL, to support entrepreneurs in the GCC with innovative and bold ideas, through bridging the communication gap between them and the various business sectors. Under this agreement, entrepreneurs will have the chance to meet Angel investors, elite experts and specialists, and schedule meetings and agreements. This partnership will help startups obtain financial support from Angel investors keen to invest in young entrepreneurs with promising startups.William Chappell, CFO and Executive Vice President for Technology and Entrepreneurship at DSOA, and Faris Al Rashid, Founder & Chairman of OQAL Org , Khaled Zainalabedin, Founder & President of OQAL Bahrain and Latifa BaNasr, the Chief Executive Officer of OQAL Org in Saudi Arabia, signed the MoU from both parties.According to the MoU, Dtec and OQAL shall be key partners that shall support, mentor, and