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FINANCIAL NEWS
Twofour54 invests USD2.5m in online gaming firms
11 Aug 2011
(MENAFN) Twofour54 ibtikar’s deputy CEO and chief operating officer, Wayne Borg, said that Twofour54 signed investment deals worth USD2.5 million with two online gaming firms, Tahadi Games and Jawaker, reported Arabian Business.
The government-owned media firm’s CEO added that Twofour54 aims to create meaningful jobs for young people in the UAE, and this deal comes in plan that eyes to create tens of new jobs for local youth.
Borg also said that the firm is looking about 50 jobs minimum realistically within the first eighteen months.
Tahadi’s CEO, Steve Tsao, said that his company hopes to use the twofour54 investment to bolster its expansion plans. He added that the rate of growth Tahadi is expecting minimal is 100 percent, year-on-year.
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