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Dubai-Based Angel Investor Fuels Growth For GameCentric

The platform aims to triple its user base across the MENA region, a market projected to reach 88 million gamers by 2026.

Published

10 months ago

on

dubai-based angel investor fuels growth for gamecentric

GameCentric, a leading gaming platform in the MENA region, has secured a substantial USD 1.5 million (AED 6 million) investment from a Dubai-based Angel Investor, Bilal Merchant. The platform went live on December 1st, 2023, immediately following the funding round.

The infusion of capital strategically positions GameCentric to expand its platform and features beyond the GCC & MENA region, promising to redefine the gaming landscape for players worldwide.

Saad Khan, CEO of GameCentric, emphasized, “Crafting a robust vision for our platform, supported by a sound business model and a seasoned management team, resonated with the angel investor, like Bilal Merchant, who recognized the immense potential within GameCentric, which drove his decision to invest. Our aspiration is not just to be a gaming platform but a cultural phenomenon transcending borders. Collaboration with industry leaders, community-driven programs and an unwavering commitment to having the best user experience drives our future initiatives”.

GameCentric plans to integrate cutting-edge technologies to stay competitive and offer compelling propositions for brands and game publishers. By 2025, the company aims to become a web3 native platform, introducing digital assets such as cryptocurrencies.

Also Read: Top 10 Best Video Games Set In The Middle East

Supporting its ambitious expansion plans, GameCentric has gathered support from industry heavyweights, including LIV, the UAE’s first digital bank powered by Emirates NBD, and Saudi eSports organization POWReSports.

The platform is now poised for aggressive growth and market expansion over the next two years. The company aims to triple its user base across the MENA region and double its array of game titles, catering to both web2 and web3 genres. This initiative not only enhances the gaming experience but also offers innovative customer engagement opportunities for brands.

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UAE Prepares To Launch Two Satellites: Thuraya-2 And MBZ-SAT

HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum chaired the first meeting of the Supreme Space Council yesterday.

Published

5 days ago

on

December 17, 2024

By

uae prepares to launch two satellites thuraya-2 and mbz-sat

HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Deputy Prime Minister of the UAE, chaired the first meeting of the Supreme Space Council in Dubai on December 16, 2024. The session highlighted the UAE’s ambitious space plans and took stock of the sector’s economic progress.

The council emphasized the growing role of private companies in advancing space technologies, noting that their contributions are now equal to that of the public sector. Members also praised initiatives like the Space Economic Zones Programme, which are designed to fuel innovation and investment in the space industry.

Discussing the UAE’s space journey, HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum remarked, “The national space sector continues to grow and advance, and we take immense pride in the remarkable achievements we have accomplished over the years”.

Sheikh Hamdan also received updates on two upcoming satellite projects: Thuraya-2 and MBZ-SAT. Thuraya-2, developed by Space42, is slated for launch this December. Meanwhile, the MBZ-SAT, created by the Mohammed Bin Rashid Space Centre (MBRSC), will soon follow. MBRSC, a major driver of the UAE National Space Programme, continues to lead the nation’s space-related developments.

Space42 took the opportunity to showcase its advancements, including ongoing collaborations between public and private entities. The company also outlined strategies to promote innovation, boost revenue streams, and create new opportunities for growth in the sector.

Also Read: IBM Opens New Doha Office To Support Qatar’s Digital Growth

The UAE’s current projects build on a growing legacy of space exploration. Back in 2020, the nation made headlines with its Mars mission, successfully sending a probe into the planet’s orbit in 2021. This mission, which is now in its second phase as of June 2024, has been collecting critical data to develop a comprehensive diurnal image of Mars.

The UAE also ventured into lunar exploration with an unmanned mission aimed at studying untouched regions of the Moon’s surface. While the probe ultimately crashed during its landing attempt after communication was lost seconds before touchdown, the effort represented a significant step in the country’s exploration ambitions.

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