Invest Qatar, LG NOVA and Aurion Capital Sign MENA Tech Pact

Invest Qatar, LG NOVA and Aurion Capital have signed an agreement to expand technology investment and venture building across the Middle East and North Africa, Pulse 2.0 reported.

The three parties formalized the arrangement as a joint framework rather than a single funding vehicle, according to the announcement. The stated goal is to widen the pipeline of technology investments in the MENA region and to support the creation of new ventures there.

Invest Qatar is the Gulf state's investment promotion body, tasked with attracting foreign capital and corporate activity into Qatar. LG NOVA is the venture-building and innovation arm of LG Corp., the Seoul-based conglomerate, and operates as a startup accelerator and partnership platform for the group. Aurion Capital is an investment firm active in the region. Each brings a different capability to the table: government-side deal facilitation, corporate venture building, and capital deployment.

The agreement covers two connected workstreams, per Pulse 2.0's report. The first is technology investment — channeling capital toward technology companies and projects in MENA markets. The second is venture building — the structured creation of new startups, typically by pairing corporate resources and distribution with external founders and investors.

For LG NOVA, the pact extends its model beyond its home ecosystem. The unit has positioned itself as a bridge between LG's corporate assets and global startups, and a MENA partnership gives it a regional footprint for that activity. For Invest Qatar, the deal aligns with Qatar's broader push to diversify its economy beyond hydrocarbons by building a domestic technology and startup base.

The announcement did not disclose the size of any committed capital, specific target sectors, or a timeline for initial investments, Pulse 2.0 reported. The parties framed the agreement as the foundation for ongoing collaboration rather than a completed transaction.

The signing signals intensifying competition among Gulf states to anchor global corporate venture programs locally. Qatar's move pairs a state investment promoter with an Asian corporate innovation arm and a regional capital provider — a structure that could serve as a template for similar arrangements if the collaboration produces funded ventures.