“EWTP Arabia Capital”: We plan to invest in digital media and cloud solutions
Jessica Wong, Managing Partner of ITB Arabia Capital, in an interview with us, talked about a bright future for trade exchanges between China and Arab countries. Progress had been slow in the past, but with the support of leadership in the 1990s the two regions had the result. This points to the great actors of the future
- Why did eWTP Arabia Capital decided to participate in LEAP 2024? What is your role
We’ve been supporting LEAP since 2022, and this marks our third year. It’s part of our commitment to backing Vision 2030’s digital goals. We’re key partners for LEAP 2024.
- What does eWTP Arabia hope to achieve in LEAP 2024?
We’ve announced some exciting partnerships, and we aim to strengthen ties with the Kingdom in 2024. We’re pleased to see not only eWTP Arabia but also our invested companies forming partnerships through the LEAP platform. Expect more good news from us.
- How do you foresee the collaboration between eWTPA and the Ministry of Media contributing to Saudi Arabia’s vision for a knowledge-based economy
First, we are committed to working very closely with the Ministry of Media to support them in building a further partnership with the entire media ecosystem in China.
On top of that, we would like to share our experience, our success story to our partners in the Chinese media sector to encourage them to invest and enter the Saudi market to expand their business as well.
Further than that, we’re launching an Asian expert community to promote talent development and create content for Arabic audiences.
- What have been your latest activities within the region
We’ve made 18 investments so far, including Alibaba Cloud, J&T, Sahm and others which are doing extremely well. This has given us the confidence to announce our second fund, aiming for $1 billion. We’re also planning to invest in digital media and cloud solutions soon.
- How do you see the role of commercial activities between China and Arab countries evolving in the coming years
We believe there’s a bright future for commercial and cultural exchanges between China and Arab countries. Progress has been slow in the past, but with support from leadership in both regions, we’re seeing positive developments. This signals good potential for future collaborations.
