Japan and Saudi Arabia seek common ground on mining sector development

Japan and Saudi Arabia seek common ground on mining sector development

CAIRO: The Middle East and North Africa region has emerged as a hub for entrepreneurial activity, with a thriving startup ecosystem fueling innovation and economic growth.  

From Saudi Arabia and the UAE to Egypt and Tunisia, a surge in startup activity is transforming the business landscape, attracting investment and fostering a culture of entrepreneurship.

UAE-based construction technology startup Tenderd raised an undisclosed funding round from Wa’ed Ventures, Saudi Aramco’s $500 million venture capital arm.

Founded in 2018 by Arjun Mohan, Tenderd provides customers with artificial intelligence-generated insights to increase asset utilization and reduce emissions.

“Our investment in Tenderd reflects our commitment to addressing sustainability challenges facing the industrial sector and providing solutions to decarbonize their operations,” said Fahad Alidi, managing director at Wa’ed Ventures.

Tenderd plans to utilize its funding to broaden its footprint and expand its sustainable solutions for manufacturers.

YallaHub is on an expansion drive

UAE’s marketplace aggregator and quick commerce startup YallaHub raised $6 million in a pre-series A funding round. Founded at the end of 2022 by Leo Dovbenko and Stas Seleznev, YallaHub is a marketplace aggregator and digital distributor that enables brands to scale their e-commerce businesses on a regional and global level.

“Initially focused on our B2C business, YallaMarket, we received requests