Intel buys into digital content companies in Jordan
Intel Capital has announced it will invest in Jeeran and ShooFeeTV in Jordan
Intel Capital has selected two digital content companies from Jordan to invest in – Jeeran and ShooFeeTV. The initiative is part of the US $50 million Intel Capital Middle East and Turkey Fund, though the exact figure being invested was not disclosed.
His Excellency Eng. Basem Al-Rousan, Jordanian Minister of Information and Communications Technology said that Intel's investment is a testament to the capability and potential of the Jordanian ICT sector. H.E. also outlined the importance of the content industry as a main driver of internet penetration, especially as it relates to local and Arabic content.
Jeeran is a user-generated online community that provides Arab users with web technologies and the means to communicate and connect. According to a statement from Intel, Jeeran is the largest user-generated content site in the Arab world, with one million members and seven million unique visitors per month.
ShooFeeTV is a digital content provider and an aggregator of Arab satellite channel listings, including programming information, celebrity news, pictures and video clips and has 200,000 submissions daily.
“Intel is dedicated to the pursuit of educational, economic and technological growth and advancement in a bid to achieve overall community enrichment in Jordan and the region,” said Gordon Graylish, vice president Intel Europe Middle East and Africa. “Our investments in Jeeran and ShooFeeTV are directly in line with our strategy to continue supporting local entrepreneurship and encouraging local content creation in the Middle East.”
The Californian-based chip manufacturer also announced that more than 60,000 teachers from the Middle East have been through the Intel Teach program, which aims to improve the ability of educators to utilise technology in the classroom.