Amman, June 24 (Petra) - Oasis500, an entrepreneurship and venture capital platform affiliated with the King Abdullah II Fund for Development, and venture capital and investment advisory firm SM Capital signed a memorandum of understanding (MoU) to strengthen investment links between the Mediterranean, the Middle East and North Africa (MENA), Europe, and global technology ecosystems.
The agreement, titled "Building the Mediterranean-MENA Digital Capital Bridge," establishes a framework for co-investment, investment opportunity flows, engagement with limited partners and institutional investors, and the development of innovation and entrepreneurship ecosystems.
On its goals, the initiative seeks to build "stronger" institutional connections among capital providers, founders, and innovation platforms operating across the regions.
Talking at the signing ceremony, Oasis500 Chairperson Suhair Al-Ali said the company has spent more than 15 years supporting regional entrepreneurs by connecting founders with capital, networks, and market-access opportunities needed to scale their businesses.
She said SM Capital’s European institutional network, global market connections, and technology investment expertise would help create "stronger" links between MENA, Europe, the Mediterranean, and Silicon Valley.
As for their significance, Al-Ali added that such partnerships could attract investment, accelerate startup growth, and strengthen the region’s position in the global technology landscape as its innovation economy continues to mature.
In turn, SM Capital Founder and CEO Stiven Muccioli said innovation ecosystems increasingly compete through connectivity and integration rather than geography alone.
Muccioli said the next phase of venture capital development across the Mediterranean and MENA would depend on deeper institutional relationships to connect investors, founders, and innovation platforms across markets.
The partnership aims to develop a more integrated investment corridor linking Europe, the Mediterranean, and MENA while expanding access to capital and global expertise, he added.
The agreement was signed on the sidelines of the fourth Marrakech Parliamentary Economic Forum for the Euro-Mediterranean and Gulf Regions in Morocco.
//Petra// AO
