Tsangs Group is pleased to announce that we have successfully signed a Collaboration Agreement with HBK Department of Projects (“HBK”), in Dubai, United Arab Emirates on 4 April, 2021. This agreement aims to launch a joint Tech and Innovation fund for potential startups in the Middle East, Central Asia, the Sub Continent and Africa as the primary regions, empowering industry 4.0 and the wave of disruptive emerging technologies.
HBK was founded by Sheikh Hamad Bin Khalifa Bin Mohammed Al Nahyan, to handle project investments and enter in JV partnership with partners presenting viable and interesting projects with sustainability, humanity empowerment and job creation. With this collaboration both HBK and Tsangs Group are looking to initiate an incredible journey to embark on a truly global mission to find, nurture and uplift innovative tech talents.
“We are incredibly pleased to join hands with Tsangs Group for this historical Tech and Innovation fund and very excited to see Patrick and Tsangs Group’s passion and dedication in investing and partnering with us for the development of truly disruptive tech startups,” commented Sheikh Hamad Bin Khalifa Bin Mohammed Al Nahyan, Chairman and Founder of HBK.
“HBK and Tsangs Group share the belief that game changing technologies could uplift people and economies. The proposed fund is the first of its kind and sector agnostic,” commented Mr Anwar Hussein, Group CEO of HBK.
“I am extremely excited and very pleased to have HBK as one of our first collaboration in the Middle East that brings great synergy. Our vision and core values are very closely aligned. We strongly believe that co-investment and partnership with our strengths, global network, expertise shall create value and change to make the world a better place,” commented Patrick Tsang, Chairman of Tsangs Group.
About HBK Department of Projects
HBK Department of Projects (Hamad bin Khalifa Departments of Projects) was founded by Sheikh Hamad bin Khalifa bin Mohammed Al Nahyan, to handle project investments and enter into JV partnership with partners presenting viable and interesting projects with sustainability and job creation.
Sheikh Hamad bin Khalifa bin Mohammed Al Nahyan is a seasoned business leader with a proven track record of success over the past two decades, across regions and including most segments of the business. His leadership style is often described as visionary, innovative, and inspirational.
For more information, please visit https://www.hbkdop.org/.
About Tsangs Group
Tsangs Group is an innovation-focused global family office that bridges East and West. Our mission is to invest in global opportunities that allow us to exert positive influence and drive positive impact in Hong Kong, Asia and beyond.
Headquartered in Hong Kong, Tsangs Group has direct investments across the world, we seek out positive impact investments that reflect our values of innovation, sustainability, and togetherness. Our strategy is opportunistic and both sector and location agnostic.
From fintech to entertainment to space travel, we are always investigating, analysing, and supporting the cutting edge of global innovation and development.