Wa’ed Center is looking into updates with partner, Truos Factory for Industrial Services

startup forum2017

Truos was established in 2000 as a local factory for small mechanical parts and the factory used to meet the needs of small companies in the Eastern Province. Later, the factory received an approval to be financed by “Wa’ed” in 2011. The factory changed into a full-fledged factory that specializes in different mechanical manufacturing services such as metal cutting and forming metal parts such a gears, cylindrical axles, blades and large metals in the Eastern Province and the factory now covers the needs of more than 120 clients in the kingdom.


Wa’ed has participated in Saudi Arabia start-ups forum… great ambition to achieve the Silicon Valley level

startup forum2017

Under the patronage of H.R.H prince Khalid Alfaisal, adviser of the Custodian of the Two Holy Mosques and governor of Makkah region. Umm Al-Qura University (UQU) represented by “Wadi Makkah: This event is one of the most important events in entrepreneurship and it was held in 4-6 of November 2017. The event was attended by members of various government organizations and number of officials, experts and other parties interested in the development of local entrepreneurship


Wa'ed and Sagia Sign MoU to support entrepreneurial projects in the kingdom

sagia waed mou 2017

Saudi Aramco Entrepreneurship Center Co.LTD “Wa’ed” has signed a Memorandum of Understanding (MoU) with the Saudi Arabian General Investment Authority (SAGIA) to support entrepreneurial projects and provide governmental services to Saudi and non-Saudi investors, and entrepreneurs in the Kingdom. Ibrahim Al Suwail, deputy governor of investor services and consultancy at (SAGIA) and Khalil Al Shafei, CEO and Managing Director of "Wa'ed" signed the MoU at Wa'ed Center in Dhahran.


Wa'ed reinforces support to Saudi SMEs by launching its pavilion at GITEX Technology Week 2017 in Dubai

gitex Dubai 2017

Under the theme of "Re-Imagining Reality: Discover a transform and Innovate", and with the participation of 4100 companies from 70 countries and from various fields, Crown Prince of Dubai His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum opened the 37th edition of Gitex, the Middle East's largest and popular technology exhibition, in the span of 5 days from 8 to12 October 2017. And Under the effective participation of the Saudi Aramco Entrepreneurship Center "Wa'ed" in the event, Wa’ed launched its pavilion’s activities, in the presence of the Center's staff.


Wa'ed was awarded for the Best Small and Medium Enterprises Subsidizing Program at the BIBAN Forum 2017

H.E. Dr. Majed Al Kassabi, Minister of Commerce and Investment has inaugurated the BIBAN Forum 2017 in Riyadh International Convention & Exhibition Center (RICEC), that was held between 17 and 20 of September 2017. BIBAN is the first forum of its kind targeting small and medium enterprises SMEs in the Kingdom.

Saudi Aramco Entrepreneurship Center Co. LTD “Wa’ed” has participated in the event as one of the main diamond sponsors, within its effort to highlight the Center's strategies and programs that nurture entrepreneurial ideas into viable projects and businesses.


Wa’ed Ventures’ portfolio company, PayTabs, closes $20 million Series B

August 23, 2017: Dhahran, Saudi Arabia – PayTabs, a Saudi Arabian payment processing company, has raised $20 million to support its growth and expansion plans. Wa’ed Ventures, the sole early investor in the company, also participated in the Series B round. PayTabs plans to use the funding to grow its business in the Middle East, while expanding into 20 additional markets over the next two years in North Africa, Southeast Asia, India, Africa and Europe. PayTabs plans also to focus on product development and potential acquisitions that will allow the company to expand its product and service portfolio. …


Wa’ed has concluded the Saifi Program

Startup Lab, the Wa’ed business incubator, conducted a three-weeks summer program 24th Juyl – 9th Aug focusing on innovation and entrepreneurship. Saifi, the program title targeted youth in Eastern region in the 16 – 18 age group from both gender. Participants engaged in structured program to take an idea form a concept into a launched product. Each week has a 3 days session of learning and applying concepts discussed through the course. The defined output of each week served as the input for the following week.…


Wa’ed grants Rofoof SR100,000

Wa'ed has agreed to finance Saudi Arabian Rofoof company with an amount of 100,000SR after Saudi entrepreneur Jihan Harbi, CEO together with her team, made a presentation of Rofoof's idea to Wa’ed to get the funding. Rofoof which means “shelves” is an e-commerce platform that allows customers to buy and sell used books, by facilitating access to books at reasonable prices and by spreading awareness among consumers through re-circulation of used books, thus leading to economic benefits at both the individual and the community levels. The platform will be launched This year 2017.…


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…


“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…


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…