Emirati Mohamad Alabbar, founder of Emaar Properties, has acquired a stake in Middle East Venture Partners (MEVP). Alabbar's acquisition is just under 50 percent.
"Alabbar had been looking for a VC partner who knows the technology ecosystem and approached us," the company said.
The VC firm has $120 million in assets spread over four funds, two locally, and two regionally.
MEVP and AlAbbar plan to invest in a new fund that will be launched here and regionally later this ye...
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