Wa’ed startup grants reach $5.1mln at Yanbu roadshow

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Saudi Arabia

Wa’ed startup grants reach $5.1mln at Yanbu roadshow

The investment company issued two loans and three incubation seed grants to five new startups during the event, which took place at the King Fahd Cultural Center.

Startups in the petrochemical sector were the highlight of the Yanbu roadshow, while future shows will focus on drones, security technology, reverse engineering, tourism among others.

“With this second round of support in Yanbu, Wa’ed is broadening its commitment to the next generation of ambitious Saudi entrepreneurs,” Fahad Alidi, Wa’ed’s managing director, said.

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