Marrakech: Oasis500, an entrepreneurship and venture capital platform affiliated with the King Abdullah II Fund for Development, and SM Capital, a venture capital and investment advisory firm, have signed a memorandum of understanding (MoU) aimed at enhancing investment connections between the Mediterranean, the Middle East and North Africa (MENA), Europe, and global technology ecosystems.
According to Jordan News Agency, the agreement, named "Building the Mediterranean-MENA Digital Capital Bridge," sets out a framework for co-investment, investment opportunity flows, engagement with limited partners and institutional investors, and the development of innovation and entrepreneurship ecosystems. The initiative targets the creation of stronger institutional ties among capital providers, founders, and innovation platforms across these regions.
Speaking at the signing ceremony, Oasis500 Chairperson Suhair Al-Ali highlighted the company's 15-year track record of supporting regional entrepreneurs by linking founders with the necessary capital, networks, and market-access opportunities to scale their businesses. She noted that SM Capital's European institutional network, global market connections, and technology investment expertise would facilitate the establishment of stronger connections between MENA, Europe, the Mediterranean, and Silicon Valley.
Al-Ali further indicated that these partnerships have the potential to attract investment, accelerate startup growth, and bolster the region's standing in the global technology landscape as its innovation economy continues to evolve.
SM Capital Founder and CEO Stiven Muccioli emphasized that innovation ecosystems are increasingly competing through connectivity and integration, rather than geography alone. He stated that the future of venture capital development across the Mediterranean and MENA regions will rely on deeper institutional relationships to link investors, founders, and innovation platforms across markets.
The partnership aspires to develop a more cohesive investment corridor connecting Europe, the Mediterranean, and MENA, while broadening access to capital and global expertise. The agreement was formalized on the sidelines of the fourth Marrakech Parliamentary Economic Forum for the Euro-Mediterranean and Gulf Regions in Morocco.