ADIO signs three new tech pacts with Callsign, Lyve and RIZEK

ADIO signs three new tech pacts with Callsign, Lyve and RIZEK

Three leading technology companies are growing their presence in Abu Dhabi, as the emirate doubles down on its focus to support the growth of innovation-focused companies. The Abu Dhabi Investment Office (ADIO) announced on Monday individual partnerships with Callsign, Lyve and RIZEK to provide the three companies financial and non-financial incentives as part of its AED2 billion ($545 million) Innovation Programme. As part of the Innovation Programme, ADIO has awarded Callsign, Lyve and RIZEK competitive financial incentives, including rebates on highly skilled payroll and high-tech CAPEX, as well as non-financial incentives, such as support with establishment processes and ecosystem engagement, according to an ADIO statement. The partnerships further expand Abu Dhabi's thriving Information and Communications Technology (ICT) ecosystem, which has seen a significant boost in 2021, with a raft of new entrants to the emirate. With ADIO's support, technology leaders Anghami, Bespin Global and STARZPLAY Arabia each established new headquarters in Abu Dhabi, while Amazon Web Services (AWS) will soon launch a cloud infrastructure region in the UAE. In total, ADIO has provided more than AED865 million (US$235 million) of support to seven ICT companies this year to help them innovate. Dr Tariq bin Hendi, Director-General of ADIO, said, "We