This new fund is the first investment program launched under Oraseya Capital, DIEZ's venture capital arm. : The Dubai Integrated Economic Zones Authority (DIEZ) has launched a venture capital (VC) fund worth US$500 million that will primarily focus on investing in tech startups. The fund was launched under the patronage of H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.