Arabic content fund twofour54 Ibtikar recently announced investment in social gaming sites Jawaker and Tahadi, marking the latest in a slew of investments in the gaming sector since January.
Jawaker is a social gaming company that was started as a pet project by partners Mohamad Haj Hasan and Yousef Shamoun, the Endeavor Entrepreneurs behind Akhtaboot, a Middle Eastern online career network. Jawaker is a multiplayer card gaming website has thus far generated a large online gaming community of over 500,000 registered users. The company has succeeded in targeting the largely under-served gaming market of the Arabic world, which is increasingly demanding high-quality, culturally relevant games.
Haj Hasan said: ?twofour54 ibtikar?s investment in Jawaker will enable the company to capitalise on the rapidly expanding popularity of online gaming regionally. With the region?s extremely high percentage of young people combined with increased broadband penetration, we will look to work with twofour54 ibtikar to expand our current offering and develop and publish a wide range of Arabic card games for the region?s burgeoning online audience.?
The investment marks continued growth for the Arabic gaming market centered out of Abu Dhabi, which is now being branded as a ?the Middle East?s leading gaming hub.?
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Source: http://www.endeavor.org/blog/jawaker-2011
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