Diving into Kuwait’s startup ecosystem

Abdulaziz B. Al Loughani is co-founder & Managing Partner at Faith Capital, a venture capital practice that is focused on the GCC. He is also co-founder & CEO of Floward, a full-fledged flowers & gifts e-commerce platform. Previously, Abdulaziz was the founding Executive Vice Chairman of the Kuwait National Fund for SMEs Development, a USD 7bn independent public institution responsible for developing the entrepreneurial ecosystem in Kuwait (2013-2017). Prior to this role, he was a co-founder and Managing Partner of Talabat.com until 2010, and has since then been investing in technology startups and has been involved in a number of local and regional entrepreneurial initiatives. Abdulaziz has also previously served as Director at Global Capital Management, the alternative investments arm of Global Investment House “Global”, where he has played a major role in managing key investments within the Private Equity Group of Global.

“At first, yes we were solving a problem but the mindset was very local… We were very focused on Kuwait and when Maktoob.com got acquired by Yahoo, back in 2008, this is when it kind of lit the light on a more regional perspective.”

Abdulaziz B. Al Loughani

On this episode, you’ll learn:

  1. How does the Kuwait government conduct investment promotion for their startup and business environment? [4:30]
  2. What’s the state of venture capital as an asset class in the Gulf region? [9:55]
  3. What’s the state of Commerce across the Gulf region? [13:00]

Recorded in partnership with

PeaceTech Lab works to reduce violent conflict using technology, media, and data to accelerate and scale peacebuilding efforts. An independent nonprofit, the Lab brings together engineers and activists, MBAs and conflict experts, social scientists, data scientists, and other innovators to put the right tools in the right hands to build peace.

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