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Asharq Al-Awsat

Business

Riyadh - Asharq Al-Awsat

Saudi Arabia Allocates $8b to Support Entrepreneurs, Venture Capital

Ministry Monshaat Saudi Arabia Mining

Business incubators and accelerators in Saudi Arabia (Asharq Al-Awsat)

Saudi authorities allocated $8 billion to support entrepreneurs and venture capital, and the Saudi Venture Investment Company intends to increase the investment allocation in the coming years by $1.6 billion.

The Ministry of Industry and Mineral Resources and the Small and Medium Enterprises General Authority (Monshaat) signed an agreement to establish incubators and business accelerators to develop the industrial and mining sectors and logistical services.

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