The Abu Dhabi Investment Office (ADIO) has announced individual partnerships with technology companies Callsign, Lyve and RIZEK.
The three companies will receive financial and non-financial incentives as part of ADIO’s AED 2 billion ($545 million) Innovation Programme.
The partnerships further expand the emirate’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.
H.E. Dr. Tariq Bin Hendi, director general of ADIO, said, “Abu Dhabi’s ICT sector is rapidly advancing with the arrival and expansion of ambitious companies like Callsign, Lyve and RIZEK.
“We are now seeing companies from all over the world pioneering new technologies in Abu Dhabi, as the emirate emerges as a leading advanced technology hub, and the region’s HQ of tech HQs.”
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 United Arab Emirates (UAE).
In total, ADIO has provided more than AED 865 million ($235 million) of support to seven ICT companies this year to help them innovate.
Bin Hendi added that Abu Dhabi is a long-term partner to businesses aligned with its strategic focus and the entity is there to help companies fast-track their progress, while ensuring they are suitably equipped to grow sustainably and make a real impact on the global stage.
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.
London-headquartered Callsign has introduced a pioneering approach to re-establishing digital trust.
Its unique intelligence-driven authentication positively identifies users, delivering safety and minimal friction for genuine users, while ensuring that bad actors are blocked. This is being used to underpin digital trust across financial institutions, governments and commerce globally.
Lyve is a global logistics solutions and technology company founded in the UAE, with a presence in 12 countries worldwide.
It connects businesses with their partners and customers through patented cloud-based logistics platforms and digital transformation innovations, facilitating millions of orders every month.
The company will be establishing its headquarters in Abu Dhabi, along with the relocation of various management roles and its technology team.
RIZEK is a homegrown online platform that connects users to a variety of service providers, allowing its user base easy access to services in healthcare, beauty, cleaning, maintenance, and many other segments at the time and location of their choosing.
