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وكالة الانباء الاردنية
Experts see Jordan Fund and STV partnership as booster for digital investment
The Jordanian government and STV (Saudi Technology Ventures) have launched a strategic investment partnership to enhance the startup ecosystem and digital economy in Jordan. The agreement aims to support Jordanian startups in financing their growth stages and regional expansion, with a focus on leveraging the Saudi market as a launchpad to expand their operations in the region. The benefits include building sustainable capabilities, transferring best practices in governance, and boosting investments in the technology and artificial intelligence sectors. This comes at a time when startup investments in AI across the region are limited to just 1.5%, compared to 38% in the United States. Experts believe that this partnership represents a systemic turning point in supporting Jordanian companies to finance growth and expand their markets, with expectations of increased interest from other investment funds and strengthened support for the digital economy in the region.
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