Riyadh-based eWTP Arabia Capital, supported by the Saudi Public Investment Fund (PIF), has rebranded as ewpartners.
Launched in 2017, eWTP Arabia Capital was the first international private equity firm to create an Asia-Saudi cross-border investment platform.
ewpartners has successfully raised and deployed $400 million for its Fund I and is now aiming for $1 billion for Fund II due to strong investor interest.
The firm has made 18 portfolio investments and generated over 6,500 jobs for the Saudi workforce, enhancing the Kingdom’s technological standing and economic growth.
The rebranding reflects a broader investment focus, extending beyond initial targets to include the wider region.
Jessica Wong, Founder and Managing Partner of ewpartners, said, Thanks to ongoing support from our investors we have been able to facilitate the transfer of knowledge and opportunity between Asia and Saudi – the sharing between East and West – and make significant strides in fostering economic growth in the Kingdom through strategic investments across a range of industries.
She added, We have already identified a pipeline of opportunities and we look forward to acting on that as we contribute towards the region’s vision of connectivity, growth, and global prominence.
Talal Albakr, CEO of Saudi Cloud Computing Company (SCCC), remarked, Together with industry leaders like stc Group, Alibaba Cloud, SCAI, and SITE, SCCC has been able to advance our mission of providing secure and innovative cloud computing solutions. We look forward to continuing our collaboration to support Saudi Arabia’s economic diversification and digital transformation.