Anghami establishing global HQ and RD centre at Abu Dhabi’s Hub71

Anghami establishing global HQ and RD centre at Abu Dhabi’s Hub71

ABU DHABI- The Abu Dhabi Investment Office (ADIO) is partnering with the leading music streaming service in the Middle East and Africa (MENA), Anghami, to establish the technology pioneer's global headquarters and research and development (R&D) centre in Abu Dhabi.The partnership is part of the ADIO's recently announced Innovation Programme valued at AED2 billion (US$545 million), which is an initiative of the Abu Dhabi government's Ghadan 21 accelerator programme.Anghami was established in Lebanon in 2012 as the first music streaming platform in the MENA region and has since built a market-leading platform, offering more than 50 million songs to more than 70 million users. It has offices in Beirut, Dubai, Cairo and Riyadh, and is poised for further success, having recently completed a funding round led by SHUAA Capital, a leading asset management and investment banking platform in the region, to help drive its growth ambitions.Dr. Tariq Bin Hendi, Director-General of ADIO, said, "Abu Dhabi is rapidly emerging as a go-to destination for innovation-focused companies, a place where ambitious businesses can pursue digital transformation in a stable, enabling and supportive environment. We are committed to providing support for technology companies, recognising that progress in this area unlocks opportunities across other