ARTOC invests $10m in UAE Innovations Fund

DUBAI — ARTOC Group has invested $10 million in the $100 million Centre of Excellence for Applied Research and Training (CERT) Innovations Fund which invests in the UAE and Gulf's evolving technology, healthcare and education sectors.

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Published: Fri 3 Aug 2007, 9:51 AM

Last updated: Sat 4 Apr 2015, 9:19 PM

CERT is the largest private education provider in the Middle East and is also the largest MENA region investor in the discovery and commercialisation of technology, investing $35 million in 2006.

CORECAP, financial adviser to CERT, the commercial arm of the Higher Colleges of Technology in the UAE, announced that Mohamed Shafik Gabr, ARTOC Chairman and managing director, has also joined the Board of CERT Capital, which is chaired by Shaikh Nahyan bin Mubarak Al Nahyan, UAE Minister of Higher Education and Scientific Research. Dr Tayeb Kamali, Vice-Chancellor, Higher Colleges of Technology, is the vice-chairman.


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