Rasmal Ventures, a leading Qatar-based venture capital fund backed by the Qatar Investment Authority (QIA), has announced its investment in NEXX, a cutting-edge AI-driven logistics technology company headquartered in both Hong Kong and Qatar. The announcement was made during the 10th Belt & Road Summit, held in Hong Kong on September 10–11.
This strategic investment represents a milestone moment for Rasmal Ventures, the first Qatar-headquartered VC fund, and reflects its mission to bring transformative global innovation into Qatar. As Rasmal’s first commitment to a Hong Kong-based tech company, the partnership highlights Qatar’s emergence as a hub for high-growth ventures and advanced technologies, while also reinforcing its ambition to serve as a platform for collaboration between Asia and the Middle East.
Since its establishment in 2023 under the Qatar Financial Centre (QFC), Rasmal Ventures has become a key enabler of Qatar’s innovation economy. With the launch of its Rasmal Innovation Fund I, strategically supported by QIA’s $1 billion Fund of Funds, Rasmal has actively invested in cross-border high-growth technology ventures. Its strong local partnerships with Sidra Medicine and the Qatar Development Bank (QDB) further demonstrate its commitment to empowering Qatar’s technology ecosystem and driving global collaboration.
The signing ceremony was attended by Soumaya Ben Beya Dridje, Partner at Rasmal Ventures, and Hui Ka Oscar, CEO of NEXX Group, in the presence of Sheikha Noora Khalifa Al-Thani, Consul General of Qatar to Hong Kong, and Nicholas Ho, Commissioner of the Belt and Road Office of the Hong Kong SAR Government.
Soumaya Ben Beya Dridje stated: “We believe the cross-regional connection between China’s leading tech entrepreneurs and the GCC can unlock tremendous growth and value on both sides, and we are positioned to enable the building of this bridge. NEXX stood out as an impressive example that embodies this vision.”
Hui Ka Oscar added: “These developments demonstrate our commitment to building a world-class organization that can effectively bridge Chinese technological innovation with Middle Eastern market opportunities.”
As part of its regional expansion, NEXX has appointed Ibrahim Al-Derbasti, Executive Vice President of Offshore & Marine at Milaha, as Co-founder of NEXX Middle East — reinforcing its vision of combining global expertise with deep local insights.
