هذه المقالة متاحة أيضًا بـ العربية (Arabic)
- Wa’ed Ventures Announces Strategic MoU Signing with the Ministry of Environment, Water and Agriculture to Support Strategic Investments in Startups
- Wa’ed Reaffirms Its Commitment to Advancing Venture Capital in Saudi Arabia
- Wa’ed Announces New Investment of SAR 6 Million in Techrar
Wa’ed Ventures, the venture capital arm of Saudi Aramco, has announced the signing of a strategic Memorandum of Understanding with the Ministry of Environment, Water and Agriculture.
The agreement was signed during the iktva 2025 event, part of the program to enhance total added value in the supply sector.
This partnership aims to accelerate localization efforts and boost strategic investments in high-potential startups focused on sustainability.
These startups emerge from the ministry’s innovation-driven programs in agriculture, water, and environmental sectors.
In a post on Wa’ed’s LinkedIn account, the fund reaffirmed its commitment to developing the venture capital ecosystem in the Kingdom:
“Together, we aim to accelerate localization and strategic investments in high-potential hashtag sustainability startups emerging from the Ministry’s programs, strengthening our shared commitment to advancing the Kingdom’s VC ecosystem”.
About Wa’ed Ventures:
Wa’ed Ventures is a $500 million venture capital fund wholly owned by Saudi Aramco.
It aims to support fast-growing tech startups within Saudi Arabia and beyond.
Recent Investment:
Reinforcing its commitment, the fund recently invested SAR 6 million in Techrar, a graduate of the Sunbolah accelerator program.
Sunbolah specializes in fostering innovation and entrepreneurship in agriculture and food sectors by empowering entrepreneurs and investors to bring scalable, efficient solutions to the market.
The Ministry’s Role in Supporting Entrepreneurship:
The Ministry of Environment, Water and Agriculture in Saudi Arabia has launched several programs in partnership with venture and investment funds to support the entrepreneurship ecosystem.
These initiatives focus on empowering innovators and investors in more sustainable sectors, including:
- Sunbolah: A specialized program for building an entrepreneurship ecosystem in agriculture, food, and biotech.
It enables entrepreneurs and investors to enter the sector, applying their innovations and capital to drive growth and efficiency.
- sahabah: Focused on developing the entrepreneurship ecosystem in the water sector by empowering entrepreneurs, innovators, and investors to offer innovative solutions and accelerate sector growth.
- Sedrah: A program designed to build, strengthen, and expand the entrepreneurship ecosystem in the environmental sector.
It supports entrepreneurs and investors in developing innovative environmental solutions, creating a comprehensive educational environment that promotes innovation and entrepreneurship skills.
It is a holistic initiative contributing to Saudi Arabia’s Vision 2030 environmental goals.
