Jerry Li, Founder and Managing Partner, eWTP Arabia Capital

By Jerry Li, Founder and Managing Partner, eWTP Arabia Capital
Unleashing the Power of Data: eWTP Arabia Capital is supercharging the China-Middle East Technology Bridge

In the realm of modern innovation, data has emerged as the super fuel propelling connections across continents, igniting collaborations, and fostering unprecedented growth. Nowhere is this more evident than in the burgeoning relationship between China and the Middle East, where data serves as the cornerstone of the bridge between two regions with distinct histories, cultures, and technological prowess.

China, a global powerhouse in technology and innovation, stands as a beacon of progress, driving advancements in artificial intelligence, telecommunications, and renewable energy. With its vast resources and strategic vision, China has set its sights on forging stronger ties with the Middle East, a region traditionally rich in natural resources and now ripe for technological transformation.

At the heart of this burgeoning partnership lies data – the lifeblood of the digital age. In the context of the China-Middle East Technology Bridge, data serves as the catalyst for collaboration, innovation, and economic prosperity. From facilitating cross-border trade and investment to powering smart cities and sustainable development initiatives, data acts as the connective tissue binding together the ambitions of both regions.

Events like this year’s LEAP conference offer a glimpse into the region's technological prowess, serving as conduits for convergence and catalyzing accelerated growth for entrepreneurs and seasoned professionals alike. As strategic partners of LEAP since its inception, we at eWTP Arabia Capital take pride in witnessing its exponential growth and impact, exemplified by initiatives like the Saudi Arabia-China Entrepreneur Association (SCEA), facilitating cross-border collaborations and fostering innovation.

This year's theme, 'Into New Worlds,' encapsulates the trajectory of the global technology sector, where Asia's burgeoning ecosystem navigates boundless possibilities. As we navigate this new era governed by technology, let us embrace change, champion innovation, and propel the Middle East to the forefront of global technological leadership.

In the realm of technology, data-driven solutions are revolutionizing industries and transforming societies. From AI-powered logistics and supply chain management to blockchain-enabled financial services and renewable energy infrastructure, data-driven innovations are reshaping the economic landscape of both China and the Middle East. Companies like Careem, Noon, and Anghami have revolutionized how people travel, live, work and shop. New businesses like J&T Express, and Sahm in Saudi Arabia too have been instrumental in leveraging new and emerging technology to create solutions that have now become the new normal, creating hundreds of tech jobs in those urban ecosystems in the region.

Saudi Arabia is home to the world’s largest sovereign fund and is investing heavily in tech startups and initiatives like NEOM which will soon be huge drivers of growth. Vision 2030 is set to spur digital transformation and support in diversifying the economy. A recent example of this is an announcement by Saudi Arabia to create a Public Investment Fund company that will transform the country into a technology hub.

As a company that is deeply involved and invested in growing this technology ecosystem in Asia, we at eWTP Arabia Capital are privy to how this robust system works. ACES, a pioneering technology company with roots in Saudi Arabia is now making its foray into markets like India. Sahm is the first company in the Kingdom to help investors be a part of the Saudi and US markets using one single app. There has been a meteoric rise in the emergence and adoption of technology in the region, and this is only going to keep rising.

Moreover, the China-Middle East Technology Bridge is not merely about the exchange of goods and services but also about the exchange of knowledge and expertise. Through collaborative research initiatives, technology transfer programs, and joint ventures, Chinese and Middle Eastern companies are harnessing the power of data to tackle some of the world's most pressing challenges, from climate change and environmental degradation to urbanization and public health.

In conclusion, data serves as the super fuel powering the China-Middle East Technology Bridge, enabling collaboration, innovation, and economic growth across two regions with distinct histories and ambitions. As both China and the Middle East embrace the opportunities of the digital age, data will continue to play a pivotal role in shaping the future of their partnership and driving progress towards a more interconnected and prosperous world.

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