The money manager is the Gulf’s largest private investor in US real estate
Foodics partnered with Maalem Financing to launch the fund
The fund will invest in tech startups across sectors including fintech, healthtech and edutech
The consortium formally withdrew its interest because of the prolonged process and current challenges
Public sector institutions and corporations made significant contributions to the fund as well
The fund focuses on refugees living in overcrowded camps, informal tent settlements and congested host communities where access to online education is currently out of reach
Initially, grants will be prioritised for colleagues who are neither working nor stand eligible for government assistance