Riyadh-based eWTP Arabia Capital has rebranded as ‘ewpartners’ to mark seven years of operations in Saudi Arabia. The firm, known for its Asia-Saudi cross-border investments, has raised $400 million for its first fund and is aiming for $1 billion for its second fund due to strong investor interest.
Supported by Saudi Arabia’s Public Investment Fund (PIF), ewpartners has invested in 18 portfolio companies, creating over 6,500 jobs for the local workforce. The firm focuses on sectors such as Infrastructure, Logistics, Fintech, Technology, Tourism, Gaming, New Energy, Healthcare, Consumer, and Agriculture, with an emphasis on technological advancements.
The rebranding represents an expansion to include wider regional investments. The name ‘ewpartners’ signifies the transfer of knowledge and investments between Asia and the Middle East.
At an event celebrating the rebrand, Founder and Managing Partner Jessica Wong highlighted the firm’s success due to first-mover advantage and investor support, fostering economic growth through strategic investments. She expressed excitement about the firm’s renewed commitment to the region’s vision of connectivity and growth.
Also present was Mr. Talal Albakr, CEO of Saudi Cloud Computing Company (SCCC), who praised the partnership with ewpartners for supporting digital transformation in Saudi Arabia. Mr. Steven Chou, Chairman of Sahm Capital, emphasized the importance of nurturing technological talent and innovation, noting Sahm Capital’s rapid growth in Saudi Arabia.
ewpartners aims to develop the MENA region into an innovation hub, with increasing interest from Asian investors. Recent discussions between Chinese Premier Li Qiang and Saudi officials underscore the growing collaboration in energy, investment, and trade between China and the GCC.
About ewpartners
ewpartners, formerly eWTP Arabia Capital, is an international investment firm specializing in cross-border investments between Asia and the MENA region. Backed by the Public Investment Fund (PIF), the firm has been active in Saudi Arabia since 2017 and focuses on developing the region as a future innovation hub. Its strategy includes investing across multiple industries, fostering global partnerships, and shaping innovative policy frameworks to support economic transformation.