Abu Dhabi’s Hub71 appoints new deputy CEO

Abu Dhabi’s tech ecosystem Hub71 has appointed Ahmad Ali Alwan as its deputy chief executive officer.

The appointment reinforces Hub71’s senior leadership team to help drive forward its long-term strategy and fulfil its global ambitions, the company said in a statement.

Today, we are incredibly excited and proud to announce the appointment of Ahmad Ali Alwan as a Deputy Chief Executive Officer. With his experience, we will continue to grow our vibrant community of startups.
Click here here to learn more: https://t.co/yULPjYNk3z pic.twitter.com/cY5GRiuabs

— Hub71 (@hub71ad) October 5, 2022

Alwan has been a founding member of Hub71 since 2019, and will guide the growth of its community of startups as well as raise its profile in worldwide technology markets. He was previously responsible for various functions at Hub71 including strategy, stakeholder management, finance, investor engagement and operations.

Prior to his appointment as deputy CEO, Alwan worked in the UAE Clusters asset management team at Mubadala’s UAE Investment Platform, overseeing a portfolio of UAE-based aerospace and technology assets.

The assets included Strata, an aero-structures manufacturing facility; Sanad, an aerospace and industrial services champion; G42, the AI and cloud computing company; and Hub71. Prior to that, Ahmad supported the launch of Abu Dhabi Catalyst Partners in 2019.

Ahmad was also previously part of Mubadala’s portfolio strategy team where he worked on formulating the corporate strategy, overlaying internal and stakeholder objectives as well as supporting Mubadala’s leadership with special projects, the statement added

Alwan began his career at Mubadala within Mubadala Capital’s Private Equity fund investment team.

Badr Al-Olama, acting chief executive officer of Hub71, said: “Ahmad has supported Hub71’s journey from the very beginning and with his strong commitment to founders within our community, we will accelerate the energetic pace we’re operating at to progress our strategy of driving growth for tech startups globally from Abu Dhabi.”

Hub71 selected its latest cohort of tech startups in August.

Read: Abu Dhabi’s Hub71 accepts second cohort of tech startups

For two years, the new cohort will participate in Hub71’s Incentive Program, benefitting from equity-free incentives worth up to Dhs500,000, and will maintain access to active investors, corporate, government and academia partners.