Riyadh – Sharikat Mubasher: Iwan Ventures announced launching a new Venture Builder initiative, that aims to provide support to startups in Artificial Intelligence, Financial Technology (Fintech), and E-commerce with a targeted investment of SAR 50 million.
This move aims to strengthen the entrepreneurship ecosystem in Saudi Arabia and drive innovation in alignment with the objectives of Saudi Vision 2030, according to the company's press release.
Lewa Abukhait, CEO of Iwan, emphasized the importance of this launch, stating: “Through the Venture Builder, we aim to support entrepreneurs in the Kingdom by providing an integrated infrastructure that enables them to establish sustainable business models capable of achieving long-term success.”
Abdulrahman Qandeel, Head of Business Development, added that the project aligns with Vision 2030’s goal to diversify the economy and stimulate non-oil sectors. He highlighted Iwan’s role in leveraging its accumulated expertise to support this ambitious project, reinforcing the Kingdom’s position as a regional hub for entrepreneurship and technology.
Through this project, Iwan Ventures aims to promote innovation and entrepreneurship, affirming its commitment to offering essential support for Saudi entrepreneurs and achieving the ambitious goals set forth by Saudi Vision 2030.
