Venture capitalist Riyada Ventures, operating in the Middle East and North Africa, has announced its new investment initiative focusing on CleanTech innovations that will emphasize renewable energy, water, and sustainable construction.
"Investments in CleanTech innovations offer substantial financial, social and environmental rewards, and this is why we at Riyada Ventures plan to capitalize on vast market opportunities in the MENA as a core focus in 2009 and beyond," said Tabaza. "It is imperative that the Arab World embrace this trend and start its own ambitious CleanTech initiatives so that we may realize the full potential of our capital, markets and resources for many generations to come."