Wa’ed, Aramco’s entrepreneurship arm, was established in 2011 to ignite the spirit of entrepreneurship in Saudi Arabia. By combining deep sector knowledge and a collaborative dynamic team, Wa’ed harnesses potential business ideas and cultivates an atmosphere that empowers a new generation of entrepreneurs in the Kingdom.

What We Offer

Funding

Funding offerings include debt funding in the form of non-collateral loans, venture capital funding offering minority equity partnerships, and non-repayable micro-funding “Seed Fund” for incubated startups. Whether you’re an established business owner seeking to expand or an aspiring entrepreneur seeking to grow, at Wa’ed you’ll find a funding program catered to your business needs.

Incubation

Wa’ed established its own business incubator, StartUp Lab, to provide incubation support for early-stage businesses. StartUp Lab is a space designed to house startup companies and provide them with a range of services such as training and mentorship in addition to office space and amenities.

Workshops

Wa’ed offers workshops in several disciplines designed to provide the know-how and necessary skill-set sought out by early stage startups, entrepreneurs, and those with potential ideas. These workshops include Business Plan formulation, Pitching, Ideation, and Business Model Canvas.

Coaching

For one-on-one support, Wa’ed hosts a bimonthly coaching session leveraging Saudi Aramco and the business community’s expertise to coach entrepreneurs kingdom-wide in domains such as finance, marketing, business development, strategy, and legal.

Our Portfolios

  • Geophysical Equipment Factory Limited

    Geophysical Equipment Factory Limited “GEFL” is an expansion project for seismic equipment manufacturing based in…

  • Aymakan Logistics

    AyMakan is a service-oriented startup that offers exclusive logistical support to e-commerce companies for importing…

  • Pure Polymer Factory

    Pure Polymer Factory specializes in the production of different types of masterbatch including black, white…

Our Portfolios

Recent Events

May 2016

  • Wa’ed Inductees

    Technical Principles Factory for Mineral Industries Is a newly formed plant that will be located in the Dammam second Industrial City on a ready-made factory, with a total area of 1,500 square meters. The company aims to produce Copper-Bonded Earth Rod products in two different lengths and specific characteristics regarding diameters and copper thickness based on the Saudi Electricity Company

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  • “Your Dream Starts Here”

    With a nation as young as Saudi Arabia, where almost 20% of its population are between the ages of 15 and 24, it is a well-known fact that the youth are one of the kingdom’s most prominent economic forces; a force that could tackle employment, economic diversification, and the transfer to a knowledge-based economy. At Wa’ed, we recognize this economic

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  • Audio and Video Investment forum

    AVIF is the first of its kind in the Kingdom, and organized by GCAM, the General Commission for Audiovisual Media. GCAM, which is newly established, seeks to enhance regulations to assist the booming media sector, and ease the procedures for startups operating in that industry. The event will bring together Startups in media, gaming, and production industry from the Eastern

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Our Partners

Wa’ed believes in the importance of collaboration, and thus engages with key players within entrepreneurship for the purpose of creating an effective ecosystem.

Such collaborations help provide comprehensive support to Entrepreneurs and SMEs by complimenting resources towards optimizing the use of core competencies and the exchange of expertise.

 

 

If you seek to contribute to the development of the entrepreneurship ecosystem in the Kingdom and collaborate with Wa’ed, then contact us to take part in the transformation.