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UAE based Investment firm partners on Blockchain

In a recent twitter announcement the UAE based Private Investment Group made two big announcements about partnerships with Blockchain related companies. The Private Investment group is a global company with presence in over 25 countries. Its Founder and CEO is Mr. Alastair Lidel.  The company provides seed level up to Series C investment and beyond in companies and projects as well as assist them in gaining access to new markets and raising capital.

According to their website the company also works closely with investors and Sovereign Wealth Funds, multifamily offices, VC Funds to help them in their search for new investments that fulfill their mandates and diversify their portfolio. They are connected to Sovereign Wealth funds and Ministry of Investments in the UAE, Saudi Arabia, Bahrain, Kuwait and Oman. In May 2020 the PIG ( Private Investment Group) launched an application called Bridge that allows  innovative projects and companies raising capital to connect with the world of institutional investment in over 70 countries. Using Ai matching technology, our 2000+ investors and projects are matched based on the specific requirements of each investor.

This is not all, on Friday May 28th 2020,  Private Investment group announced that it had partnered with Russian IFarm Agritech startup that is utilizing latest technologies to provide fresh vegetable, berries and greens all year round. iFarm solutions include automated vertical farms for salads, strawberries and edible flowers growing, as well as greens growing module that can be placed at retail chains and restaurants. One of their major technology partners is Bitfury well known for its blockchain solutions. iFarm develops an automated control system of distributed farms network. It is Integrated SaaS-solution, that is based on a wide range of modern technologies such as: IoT-sensors and controllers, robotic irrigation, planting and harvesting systems, blockchain technology, computer vision and machine learning.

In their tweet the Private Investment group stated, “ The Private Investment Group is proud to be a long term partner in the expansion of one of the most exciting AgriTech companies globally, iFarm.”

In addition the private Investment Group also announced their partnership with eGovern in the UAE.   In their tweet they stated, “The Private Investment Group is proud to announce the partnership with eGovern, and our shared mission to build a more competitive blockchain ecosystem in the UAE.” 

 eGovern is a UAE based company that works with governments and corporations to assist them in identifying, designing and implementing blockchain solutions to meet their pressing challenges and digital transformation objectives. Saeed Hareb Al Darmaki, a well-known UAE Blockchain and Crpyto enthusiast and investor, Co-Founder of Alphabit Digital Currency Fund  is the Chairman of eGovern.

Most recently eGovern appointed Alexia Hefti, as Chief Executive Officer. Alexia previously held the position of Deloitte’s Global Blockchain Leader, Indirect Tax. Alexia joined eGovern after four years at Deloitte based in Dubai and Toronto. At Deloitte in Dubai, Alexia spearheaded a solution that allowed #tax agencies to distribute excise tax stamps to manufacturers in a manner that increased efficiency and reduced costs. The solution, which eliminates the need for tax stamps – a paper-based system dating back to 1637 – is being explored by several governments.

Commenting on this Chairman of eGovern Saeed Al Darmaki stated, “Alexia brings a wealth of international experience in blockchain and working with governments and international organisations. She will spearhead our efforts to digitize governments using distributed ledger technology, and build an interoperable backbone upon which governments will be able to run their various e-government blockchain services,”

Lara Abdul Malak

Lara has been a journalist and writer in the technology field since her graduation from AUB majoring in political science. She has had career in corporation communications in the telecom sector and was part of the launch of first 3G network in the GCC and MENA region. Since her return to journalism she has been focused with passion on blockchain, tokenization, crypto focusing on the GCC and MENA region.

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