The National Technology Enterprises Company (NTEC) was established back in November of 2002 and operational in late 2004, by the Kuwait Council of Ministers as a fully owned subsidiary of the Kuwait Investment Authority (KIA). Capitalized at 100 Million Kuwaiti Dinars (Approximately 350 Million U.S. Dollars), with a paid up capital of 85 Million Kuwaiti Dinars. NTEC was created to play a vital role in servicing major stakeholders in Kuwait with their technology needs. The company holds a unique position being fully owned by the Kuwaiti Government, yet enjoys all private sector privileges and operates as such; with its own business license, articles of association, board of directors and capital, NTEC was able to utilize its broad objectives and technology focus being: Information & Communications Technologies, Life Sciences & Healthcare Technologies, Energy, Renewable Energy, Water & Environmental Technologies, to develop distinctive operational and investment strategies to address its core mandate: Technology & Knowledge Transfer.
Browse more asset managers and other institutional investors by location and type in the LPbacked limited-partner database.
NTEC is a asset manager based in Safat, Kuwait, managing approximately $350M in assets.
NTEC is headquartered in Safat, Kuwait.
NTEC manages approximately $350M in assets under management.
NTEC focuses on AI/Robotics/Machine Learning, Augmented & Virtual Reality (AR & VR), Big Data, Cloud Infrastructure, Cybersecurity, DeepTech, Digital Technology, IoT Technology.
Verified contact details, key decision-makers, and investment preferences for NTEC are available on LPbacked. Create a free account to access them.