Dubai – Sharikat Mubasher: Middle East Venture Partners (MEVP), the Dubai-based venture capital firm, is planning to invest between $40 - $50 million in startups next year through one of its funds, according to Rabih I. Khoury, General Partner & Chief Exit Officer, speaking to Zawya on the sidelines of the Money Teck Summit in Kuwait.
Khoury noted that nearly 90% of the fund’s investments will be directed to Saudi Arabia and the UAE, highlighting both markets as the firm’s top priorities.
The investments will be deployed from MEVFIV, a fund launched in 2023 with a target size of $120 million.
Founded in 2010, MEVP has launched four venture capital funds focused on startups and operates offices in Dubai, Abu Dhabi, Riyadh, Bahrain, Cairo, and Beirut.
Khoury added that two of MEVP’s funds have already been liquidated, while the firm is currently working on exiting investments from its third fund. He noted that the typical lifespan of a fund is around nine years, and the firm usually launches a new fund every five years.
