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§ Venture Capital · London, UK
Sharjah Media City (Shams) Free Zone provides a comprehensive ecosystem designed to support and facilitate business establishment and growth for entrepreneurs and companies in the United Arab Emirates. It offers a platform for innovators to register and operate businesses, focusing on creating an environment conducive to media, creativity, and various other sectors. The initiative aims to simplify the process of setting up and scaling operations within the free zone, fostering a dynamic and connected business community.
Shams Free Zone was established in 2017 as a strategic initiative, aligning with the emirate's broader vision for economic diversification and entrepreneurial development. The inception of Shams was driven by the insight to create a dedicated free zone that would specifically cater to the needs of the media sector and cultivate an entrepreneurial spirit across various industries. This institutional founding empowered individuals and companies seeking to launch and expand their ventures within a supportive regulatory framework.
The offerings of Shams Free Zone primarily serve startups, individual entrepreneurs, and established businesses looking to leverage the benefits of a UAE free zone environment. It caters to a diverse clientele seeking quick approvals, flexible business activities, and scalable setup options. Shams envisions itself as a leading global hub for media, innovation, and entrepreneurship, continually redefining how businesses initiate, expand, and network within the international landscape.
Sham and Entrepreneurs Fund has 1 tracked investment across 1 company. The latest tracked deal is $9.3M Series C in Cytoo in November 2011.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Nov 28, 2011 | Cytoo | $9.3M Series C | Sham And Entrepreneurs Fund | Jacques Lewiner, Jacques Mallet |