Wa’ed Ventures has signed an important agreement with the Ministry of Environment, Water, and Agriculture to help support and invest in startups working in these areas.
Wa’ed has confirmed its strong support for growing the venture capital industry in Saudi Arabia.
Wa’ed has announced a new investment of 6 million Saudi Riyals in the company Techradar.
Wa’ed Ventures, the investment branch of Saudi Aramco, has signed an important agreement with the Ministry of Environment, Water, and Agriculture to work together on future projects.
The agreement was signed at the Akiva 2025 event, which is part of a program aimed at increasing local value in the supply industry.
This partnership aims to speed up local development and support essential investments in promising startups that focus on sustainability.
These startups come from the ministry’s innovation programs in the fields of agriculture, water, and the environment.
The fund confirmed its continued support for growing the venture capital system in Saudi Arabia:
“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 Waed Ventures:
Wa’ed Ventures is a venture capital fund worth $500 million and is wholly owned by Saudi Aramco.
It aims to support rapidly growing tech startups in Saudi Arabia and other countries.
Recent Investment:
To show its commitment, the fund recently invested 6 million Saudi Riyals in Techrar, a company that graduated from the Sunbolah accelerator program.
Sunbulah focuses on encouraging innovation and entrepreneurship in agriculture and food by helping entrepreneurs and investors create scalable and efficient solutions for the market.
The Ministry’s Role in Supporting Entrepreneurship:
The Ministry of Environment, Water, and Agriculture in Saudi Arabia has started several programs with venture and investment funds to help support the entrepreneurship community.
It helps entrepreneurs and investors enter the sector, using their ideas and money to drive growth and improve efficiency.
Sahabah: The goal is to develop the entrepreneurship ecosystem in the water sector by helping entrepreneurs, innovators, and investors create new solutions and speed up growth in the industry.
Sarah: A program aimed at building, improving, and growing the entrepreneurship community in the environmental sector.
It helps entrepreneurs and investors create new environmental solutions and provides an educational environment that encourages innovation and builds entrepreneurship skills.
It is a comprehensive initiative that supports Saudi Arabia’s Vision 2030 environmental goals.
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