Rasmal Ventures, a Qatar-based leading venture capital fund with backing from the Qatar Investment Authority (QIA), has announced its investment in NEXX, a Hong Kong and Qatar-based AI-driven logistics technology company.

 

The announcement was made during the 10th Belt & Road Summit held in Hong Kong from September 10 – 11. 

 

The investment marks a strategic milestone for Rasmal Ventures, the first Qatar-headquartered VC fund, and reflects its mission to bring transformative global innovation into Qatar. As Rasmal Venture’s first commitment to a Hong Kong tech startup, the partnership highlights Qatar’s emergence as a hub for cutting-edge technologies and high-growth ventures. It also aligns with Rasmal Venture’s broader ambition to position Qatar as a platform for meaningful collaboration between Asia and the Middle East; anchoring innovation within the country while connecting it to global opportunities.

 

Since its establishment in 2023 under the Qatar Financial Centre (QFC), Rasmal Ventures has rapidly become a key pillar of Qatar’s innovation economy. With the launch of its Rasmal Innovation Fund I and strategic backing from QIA’s $1B Fund of Funds, Rasmal Ventures has made notable strides in supporting high-growth technology ventures across borders. Its prestigious local partnerships with Sidra Medicine and Qatar Development Bank (QDB) underscore its deep-rooted commitment to empowering Qatar’s tech ecosystem, reflecting the nation’s broader ambition to emerge as a hub for global innovation and collaboration.

 

The signing ceremony was attended by Soumaya Ben Beya Dridje, Partner at Rasmal Ventures, and Hui Ka Oscar, CEO of NEXX Group; and the event was honoured by the presence of Sheikha Noora Khalifa Al-Thani, Consul General of  Qatar to Hong Kong as well as Nicholas Ho, Commissioner of the Belt and Road Office of the Hong Kong SAR Government. 

 

Soumaya Ben Beya Dridje tated: "We believe the cross-regional connection between China’s leading tech entrepreneurs and the GCC can unlock tremendous growth and value on both sides, and we are positioned to enable the building of this bridge. NEXX stood out as an impressive example that embodies this vision." 

 

Hui Ka Oscar added: "These developments demonstrate our commitment to building a world-class organization that can effectively bridge Chinese technological innovation with Middle Eastern market opportunities." 

 

As part of its regional growth, NEXX has appointed Ibrahim Al-Derbasti, Executive Vice President of Offshore & Marine at Milaha, as Co-founder of NEXX Middle East — reinforcing its vision of combining global experience with deep local insight. - TradeArabia News Service