RightBridge Ventures Group AB and Dadabai Holding WLL Collaborate to develop Esports and Gaming in the Middle East and North African Region
RightBridge Ventures Group AB ("RightBridge"), a global investor and venture builder in the area of esports and gaming, has entered into a Memorandum of Understanding ("MOU") with Dadabai Holding WLL ("Dadabai"), a family investment and operating group based in the Kingdom of Bahrain. The purpose of this MOU is to collaborate in the development of esports and gaming in the Middle East and North African region.
Under this MOU, the Parties will work together to identify and evaluate opportunities for the development of esports and gaming in the Middle East and North African region. This may include, but is not limited to, identifying and evaluating potential markets, developing business plans and strategies, identifying and negotiating partnerships, and exploring investment opportunities in esports and gaming companies in the MENA region.
Dadabai is the founder of D11 Gaming & Esports Company WLL (“D11 Gaming”) is a first-of-its-kind gaming & esports platform in the MENA region which leverages strategic tie-ups with major Telcos allowing gamers to purchase premium subscriptions through their mobile plans. The D11 Gaming ecosystem's offline element includes D11 Gaming Hub WLL (“D11 Hub”), which will play a significant role in the collaboration. D11 Hub is an upcoming digital culture center in the region, aided by Bahrain’s premier government agency, through its various enterprise support programs in the creative industries.
RightBridge Ventures Group will provide support to the cooperation through the transfer know-how and expertise in the esports and gaming industry, specifically in the areas of marketing and sales, knowledge transfer, community development, and technology through the assets of the RightBridge Ventures portfolio.
"We are thrilled to be collaborating with Dadabai and to be part of the development of esports and gaming in the Middle East and North African region," said Carlos Barrios, CEO of RightBridge Ventures Group. "This MOU is a significant milestone for us as we expand our global footprint in the esports and gaming industry."
"This collaboration with RightBridge is an important step for us to achieve our vision for D11 Gaming," said Qutub Dadabai, MD of Dadabai Holding WLL. "Esports and gaming are rapidly growing industries, and we believe that with the expertise of RightBridge, we can contribute to the development of these industries in the region."
For further questions, please contact:
Carlos Barrios - CEO RightBridge Ventures Group AB
Telefon: +46 705 112579
E-post: carlos.barrios@rightbridge.se
About RightBridge Ventures Group AB
RightBridge Ventures is a compounder and investment company based in Stockholm (Sweden) dedicated to investing in companies that shape the future of esports and gaming as part of the digital media and entertainment industry. For more information visit www.rightbridge.se or get updates by following us on Twitter on Instagram and LinkedIn.
RightBridge Ventures Group AB (publ)'s shares are traded on the Nasdaq First North Growth Market and Amudova AB is a Certified Adviser.
About Dadabai Holding WLL
Dadabai Holding WLL is a family investment and operating group based in the Kingdom of Bahrain. The company is actively present across the Middle East and North African region and is focused on investing in emerging industries and technologies.
About D11 Gaming Hub WLL
The D11 Hub is a ground-breaking response to the rising popularity of casual and competitive video gaming, where players of all ages can take part in regular esports competitions and events while enjoying high-end gaming experiences. D11 Hub is equipped with high-end PCs, gaming consoles, a private team practice room, a production room, a video studio, and an academy to train in all aspects of the ecosystem of the gaming sector.
About D11 Gaming & esports Company WLL
D11 Gaming was created to provide a single destination where Gamers can MEET, PLAY, EARN and LEARN. Its platform is capable of connecting gamers across PC, console and mobile with esports activation across various esports titles and casual games. D11 Gaming focuses on creating and engaging the gaming community with a chance to compete with the best players in the region, win tournaments/challenges and earn attractive rewards.