Page 125 - 7X PR REPORT REPORT DECEMBER 2024

opportunities in the Middle East and North Africa (MENA), with a focus on
empowering small and medium-sized enterprises (SMEs).

The partnership aims to combine the complementary strengths of both entities
to power an innovation-driven, SME-focused venture in the Middle East and
North Africa. This initiative seeks to address market pain points and unlock new
growth opportunities. By focusing on extensive market insights and encouraging
collaboration, the venture will deliver cutting-edge solutions tailored to the
unique challenges faced by SMEs, such as access to funding, market entry
barriers, and operational inefficiencies. Leveraging innovative business models,
SME validation frameworks, and a strategic go-to-market approach, the initiative
will develop and test a minimum viable product (MVP), designed to empower
SMEs with scalable, technology-enabled solutions that foster sustainable growth
and market resilience.

Abdulla Mohammed Alashram, Group CEO of 7X, said: “We at 7X firmly believe in
the transformative power of collaboration. The latest partnership with SC
Ventures demonstrates our commitment to empowering SMEs and promoting
economic growth across the MENA region. By combining our knowledge of trade
and logistics with SC Ventures' innovative strategies in various sectors, we hope
to unlock new possibilities, maximise value, and redefine the future of
entrepreneurship in one of the world's most dynamic regions.”

Alex Manson, CEO, SC Ventures, said: “This region holds huge potential for the
SME sector and SC Ventures is committed to invest in its growth. Our SME-
focused platform in the Middle East and North Africa region is planned for launch
in the second half of 2025. It will facilitate cross border trade and empower SMEs
to grow safely and profitably. Our partnership with 7X will help us unlock the full
potential of SMEs in the region and beyond.”

Additionally, both organisations plan to evaluate strategic alliances, benefiting
from their individual portfolios to jointly develop and implement transformative
solutions tailored to meet the specific needs of the MENA region.

SC Ventures has been at the forefront of transforming the financial landscape,
improving client experiences, and enabling global expansion. This partnership
represents a major step towards redefining the role of SMEs in the region,
building resilience, and advancing MENA's overall economic and social
development.

https://www.adsmehub.ae/en/explore/post-details/7x-sc-ventures-ADFW-SME-MENA