Abdallah Abu-Sheikh

Overview

Abdallah Abu-Sheikh is a prominent Emirati entrepreneur and investor, known for founding and leading several successful technology ventures in the Middle East and North Africa (MENA) region. He co-founded RIZEK, a digital marketplace launched in 2019, which connects users with various home services such as cleaning, maintenance, beauty services, and more. The platform has expanded its reach to the United Arab Emirates, Saudi Arabia, and Egypt, offering a wide range of on-demand services to meet the lifestyle needs of residents. In 2022, RIZEK was acquired by Astra Tech, a UAE-based technology investment and development group, further solidifying its position in the market. In addition to RIZEK, Abdallah co-founded Barq EV in 2021, an electric vehicle startup focused on providing smart mobility solutions in the MENA region. Barq EV aims to address the growing demand for efficient and sustainable transportation options, contributing to the region's efforts in adopting electric mobility. Under Abdallah's leadership, Barq EV has developed a network of electric vehicles tailored to the needs of the local market, promoting environmental sustainability and innovation in the transportation sector. Abdallah's entrepreneurial journey also includes his role as the founder and CEO of Astra Tech, a technology investment and development group established in 2022. Astra Tech focuses on creating integrated digital ecosystems by acquiring and developing various technology platforms. The group's portfolio includes PayBy, a fintech company, and BOTIM, an internet calling platform. In December 2022, Astra Tech secured a $500 million investment from G42, enabling rapid growth and expansion of its services. Abdallah's vision for Astra Tech is to build the region's first 'ultra platform,' aiming to simplify users' digital experiences by integrating multiple services into a single, user-friendly application. Abdallah's earlier ventures include LUX Development Partners, a renewable energy and power development company focused on projects in sub-Saharan Africa. He co-founded LUX in 2016, and the company achieved $700 million in assets within three years. His diverse entrepreneurial endeavors reflect his commitment to innovation, sustainability, and addressing the evolving needs of consumers in the MENA region.

Investment Focus

• Innovative technology solutions
• Scalable business models
• Strong market potential in MENA region
• Experienced founding teams

Portfolio Companies