Over 50 MoUs worth $100 million investment signed at Future Fest 2023

Over 50 MoUs worth $100 million investment signed at Future Fest 2023

The third and closing day of Future Fest, Pakistan’s largest tech conference and expo, witnessed the signing of over 50 MoUs worth $100 million in technology-related fields. 

These agreements and their financial impact are an essential contribution to Pakistan’s digital economy.

Key agreements signed at Future Fest’s finishing day include; an investment and global expansion partnership MoU signed between GINKGO and the Kingdom of Saudi Arabia’s DIGIPACKS. The launch of “Bridging to Saudia” was signed between Saudi Arabia-based Tracking and Technomatics. 

The MoU “Saudi Azm” was signed between Ejad Labs and Everest Square Management. Classera and Ejad Labs also signed an MoU to further strengthen their ties. PNY Trainings signed an agreement with Reskills.

Additionally, the potential for formal partnerships was explored between Reskills and Punjab Information Technology Board (PITB). Some companies and startups including Gingko Retail, Takadao and Craftoo, vFAIRS, Institute of Entrepreneurship, PAFLA and NUST’s e-clinic devices for home care gained investment.

Three days long Future Fest 2023 was supported by the President of the Islamic Republic of Pakistan Dr Arif Alvi, who also inaugurated the event as chief guest. 

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In addition, multiple government representatives participated in the Future Fest 2023 including Dr Arslan Khalid, Special Adviser to CM Punjab on IT,  Rizwan Saeed Sheikh, Additional Foreign Secretary for Middle East -Ministry of Foreign Affairs Islamabad, and Mr Emran Akhtar, former Advisor to the Foreign Minister of Pakistan who initiated and led Pakistan’s joining of the Digital Cooperation Organisation as Founder Member in 2020.

Tech Fest witnessed over 100,000 attendees, and an estimated 500 companies participated from across the world with approximately 250 speakers and 150 international guests from 15 countries. 

Key highlights from the concluding part include a fireside chat with Coke Studio Season producer Zulfiqar Jabbar Khan and Zeeshan Haider Sikandar, Manager of Coke Studio. 

Talks from Taha Memon, Founder & CEO of Founders Club International, Saqib Azhar, CEO of Enablers, Ayesha Nasir, Founder and CEO of Scary Ammi, Ijaz Nisar, President and Founder of CEOs Club Pakistan, Ali Hasnain Rizvi, Chief Technology Officer- ID- Ware, Andreas Tsindos, CEO- MWAN Mobile, Mohammad Khanani, CEO- mGadgets, Haseeb Khan, Vice-President- Technology tkxel, Azad Chaiwala and, Mirza Saad Baig, Co-Founder – RAWTS.

Future Fest 2023 has hosted a historic delegation of Saudi startups and venture capitalists who met with Pakistani companies and key stakeholders to explore investments, partnerships, acquisitions, and talent recruitment.

Dedicated to using technology to pave the way for the future of Pakistan, the event brought together leaders from more than 50 industries for dialogue, exchange and connection including entrepreneurs, decision-makers, policymakers, thought leaders, investors, and innovators who engaged in discussions focussing on technology playing a positive role to #SaveTheFuture.

Sessions included master classes, fireside chats and panel discussions from top industry leaders who talked about diverse subjects ranging from web3, scaling tech, worldview, gaming, storytelling, music, policy, governance, EdTech and Skills.

The dates for Future Fest 2024 were also announced at the event and Pakistan’s biggest tech conference and expo will reconvene from 2nd to 4th February 2024.

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