logo
Venture Capital and startups in the UAE's thriving economy

Venture Capital and startups in the UAE's thriving economy

Khaleej Times24-03-2025

Junaid Iqbal, a long-time resident of Dubai, has played an active role in shaping the professional and economic landscape of the region. With extensive experience in venture capital, he is currently the Founder and CEO of Salt Ventures, a UAE-based firm dedicated to investing in innovative startups.
Junaid's expertise in startup financing has supported numerous young entrepreneurs across Pakistan, the Middle East, and Saudi Arabia. He is particularly optimistic about the UAE's economic environment, praising its business-friendly policies and forward-thinking leadership.
"With its world-class infrastructure and ability to anticipate the future, the UAE has firmly established itself on the global economic stage. The country's prosperity has grown exponentially, driven by the vision of its rulers, who continuously integrate new ideas, technology, and cultural advancements," he said.
A Key Player in Venture Capital and Media
Recently, Junaid gained regional recognition as an investor panellist on Shark Tank Pakistan, a widely acclaimed business reality show. The programme, televised across the region, provided a groundbreaking platform for Pakistani entrepreneurs to pitch their ideas. Junaid described the experience as 'incredible,' as it was Pakistan's first major initiative of its kind. 'Many participants presented innovative ideas, and beyond being an educational experience, the show helped young entrepreneurs secure crucial funding to bring their visions to life,' he added.
He firmly believes in the potential of young entrepreneurs, observing a global trend of individuals eager to launch their own startups. As an entrepreneur himself, Junaid understands the challenges that come with building a business and is committed to supporting emerging founders.
Currently, Junaid is leading two major ventures:
Salt Ventures: A startup investment firm that focuses on sectors such as fintech, agritech, and healthtech.
Caravan Media: A digital media company specialising in business and economic content, catering to an audience seeking expert insights on regional industries.
Through Caravan Media, Junaid aims to highlight the vast opportunities in emerging sectors like mergers and acquisitions, blockchain, artificial intelligence, and finance. His goal is to create functional media products that inform and empower professionals across industries.
With a deep understanding of venture capital and media, Junaid continues to contribute to the region's startup ecosystem, helping businesses scale and thrive in an ever-evolving economic landscape.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

VLT Robotics celebrates four years by expanding its robotic barista café empire
VLT Robotics celebrates four years by expanding its robotic barista café empire

Khaleej Times

time27 minutes ago

  • Khaleej Times

VLT Robotics celebrates four years by expanding its robotic barista café empire

VLT Robotics, the pioneering force behind robotic innovation in the F&B sector has proudly celebrated its 4th anniversary since its founding in Dubai on June 3, 2021. With nearly a decade of experience by its founding team in building intelligent automation for the food and beverage industry, VLT Robotics continues to revolutionise customer experiences through its flagship creation: CafeXbot - the world's only multi-product, talking robotic barista café. VLT Robotics' journey began well before its official establishment in Dubai. Since 2015, its founders have been pushing the boundaries of F&B automation - from developing humanoid robots that interacted with guests and took orders to creating Ice Alice, a fully automated robotic ice cream kiosk. These innovations paved the way for the ultimate creation: CafeXbot, a state-of-the-art robotic café kiosk designed, developed, and launched in Dubai. CafeXbot stands apart as a premium experiential robotic barista café capable of serving up to eight varieties of food and beverages, including freshly brewed coffee, ice cream, frozen yogurt, hot chocolate, milkshakes, tea, cakes, and cookies. What truly makes CafeXbot exceptional is its ability to engage customers through interactive speech, choreographed movements, and musical performances, blending automation, entertainment, and efficiency in one compact unit. In Dubai, CafeXbot has become a popular attraction at leading entertainment and family destinations, including KidZania, Dubai Ice Rink, Riverland, and Dubai Miracle Garden. With its engaging service and futuristic appeal, CafeXbot is transforming how people perceive robotic service, not just in the UAE but globally. The technology behind the CafeXbot robotic barista café is now making waves across international markets. Sold as a white-labeled product, CafeXbot can be found operating under various brand identities in Qatar, Saudi Arabia, France, and Georgia. Expansion continues at a rapid pace, with new deals secured in Florida, USA, Romania, and several other countries eager to integrate this revolutionary robotic café into their hospitality offerings. Beyond permanent installations, CafeXbot is also a top choice for exhibitions, conferences, and corporate activations. Major brands such as Etisalat, Emirates Airlines, EDB Bank, and numerous government entities have partnered with VLT Robotics to showcase CafeXbot at high-profile events, underscoring its wide appeal and commercial potential. With a return on investment (ROI) ranging from 80 per cent to 150 per cent in prime locations, the CafeXbot robotic barista café is not only a technological marvel but also a financially sound solution for businesses looking to enhance customer engagement while optimising operational costs. 'We are proud to celebrate four years of innovation, growth, and global recognition,' said Michael Mit, co-founder and CMO of VLT Robotics. 'CafeXbot represents the future of F&B automation — it's interactive, intelligent, and incredibly efficient. As we look ahead, our mission is to continue expanding across borders and to redefine customer experiences through robotics.'

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store