Bahrain’s Al Waha Fund of Funds has invested in Beijing-based MSA Capital—its first investment in a Chinese fund. The funding is the latest announced by Al Waha, which was launched in 2018 to drive greater venture capital investment across the Middle East. The fund provides market access for international organizations looking to invest in the Gulf region as well as for portfolio companies looking to expand.

Al Waha Fund of Funds stated that the $250 million Chinese fund has already made 10 investments across the Gulf region over the past year and has facilitated exchanges for Chinese and Bahraini entrepreneurs. Areije Al Shakar, Fund Director at Al Waha Fund of Funds, said, “Both China and Bahrain offer a substantial pool of tech talent, start-up capital and digitally-minded consumers, so the scope for further building this relationship is substantial.”

Al Waha Fund of Funds has so far invested in a range of venture capital firms such as BECO Capital, Middle East Venture Partners as well as 500 start-ups and European fund manager Finch Capital.

Source Credit: Islamic Business and Finance