This week, Endeavor announced an alliance with Abraaj Capital, the largest private equity group in the Middle East, North Africa, and South Asia (MENASA), to accelerate Endeavor’s expansion in the region and provide expanded services. Click here for the full press release.
The alliance was announced during “Celebration of Entrepreneurship” (November 8-9) in Dubai, a landmark gathering of 2,400+ entrepreneurs, business leaders, and youth in the region. Hosted by Abraaj Capital, this free-of-charge “unconference” featured a full program containing hundreds of keynotes, roundtables, and interactive sessions. Participants, who dressed casually (“Suits and ties are not allowed”) to reflect the unconventional and relaxed atmosphere, had dozens of program options at any given time, and used wireless Spotme devices to navigate session info, locate fellow participants, and trade business cards virtually.
The event featured numerous announcements including the launch of Abraaj’s own Riyada Enterprise Development (RED), a $500 million SME investment fund, and its new online portal Wamda, designed to be the region’s definitive online portal and social hub for all things entrepreneurship.
The Abraaj-Endeavor alliance announcement was made on the main stage, following a joint interview with Endeavor co-founders Linda Rottenberg and Peter Kellner. Numerous Endeavor board members, VentureCorps mentors, staff, and Entrepreneurs attended and played prominent speaking and organizational roles in the Celebration event, including Naguib Sawiris (Chairman, Endeavor Egypt), Fadi Ghandour (Founding board member, Endeavor Jordan), and Gregory Ericksen (Global Advisory Board member).
Endeavor also hosted two “Passion Corners.” One session featured Mohamad Haj Hasan (Jordan), Ahmed Metwally (Egypt), Ali Özgün (Turkey), and Melih Ödemis (Turkey). Another session of Turkish Entrepreneurs featured Bedriye Hülya, Firat Isbecer, Başar Akpınar, and Yunus Güvenen,
moderated by Selçuk Yorgancıoğlu from Abraaj Turkey.
Please stay tuned for photos and additional multimedia from the Celebration.