eWTP Arabia Capital, known for its Asia-Saudi cross-border investments, has rebranded to ‘ewpartners’ as it celebrates seven years in Saudi Arabia. This change highlights its expanded focus on the broader Middle East.
Since its inception in Riyadh in 2017, ewpartners has raised and fully invested USD 400 million in Fund I and is now aiming for USD 1 billion for Fund II. The firm has garnered significant investor interest, including support from Saudi Arabia’s Public Investment Fund (PIF). With 18 portfolio investments, ewpartners has created over 6,500 jobs, supporting Saudi Arabia’s young, skilled workforce crucial for the Kingdom’s economic future.
ewpartners targets sectors like Infrastructure, Fintech, Technology, Tourism, Gaming, New Energy, Healthcare, Consumer, and Agriculture, with a strong emphasis on digital and technological advancements. These investments have significantly contributed to Saudi Arabia’s technological growth and economic diversification.
The rebranding signifies ewpartners’ ambition to promote investment across the Middle East, enhancing the exchange of knowledge and capital between Asia and the region. The new name, incorporating ‘east west,’ reflects its mission to bridge investment and expertise across these regions.
At a rebranding event in the King Abdullah Financial District (KAFD), Jessica Wong, Founder and Managing Partner of ewpartners, celebrated the firm’s seven-year achievements. “Our first-mover advantage has led to great success in Saudi Arabia. With our investors’ support, we have facilitated East-West knowledge transfer and are excited to expand into the wider Middle East,” Wong stated.
Talal Albakr, CEO of Saudi Cloud Computing Company (SCCC), a portfolio company, highlighted ewpartners’ strategic role in advancing SCCC’s mission to provide secure and innovative cloud solutions, aiding Saudi Arabia’s digital transformation. Steven Chou, Chairman of Sahm Capital, praised ewpartners’ critical role in making Sahm Capital the fastest-growing brokerage in Saudi Arabia.
ewpartners’ dedication to the Middle East aligns with increasing interest from Asian investors. Foreign direct investment in the Gulf has surged tenfold recently, further emphasized by the visit of Chinese Premier Li Qiang to Riyadh, discussing trade agreements to enhance ties between China and the GCC in energy, investment, and trade.
As ewpartners embarks on this new phase, it remains committed to fostering innovation and growth in the MENA region, aiming to establish it as a hub of technological excellence.