A New Era for Al Madinah
Al Madinah is poised to become a hub for innovation and investment. Under the patronage of His Royal Highness Prince Salman bin Sultan bin Abdulaziz, the “Al Madinah Ventures” program has officially launched. The new venture is aiming to unlock the city’s immense economic potential.
A $10 Million Investment in the Future
Value Makers Studio in collaboration with the Economic Development Centre and the Madinah Chamber of Commerce are leading the efforts. Their ambitious program will establish a $10 million investment fund by 2025. In effect, this fund will:
- Support High-Growth Startups: Provide crucial funding to promising startups operating within Al Madinah.
- Attract Investors: Draw both local and international investors to the region.
- Foster Innovation: Launch five new companies each year, driving economic diversification and job creation.
A Collaborative Effort
“This program is a testament to the power of collaboration between the public and private sectors,” says Abdulrahim Shafie, CEO of the Economic Development Centre. “We are creating an environment where innovative ideas can flourish and transform into successful businesses.”
Dr. Ghassan Khalifa, Secretary General of the Madinah Chamber of Commerce, emphasizes the Chamber’s commitment to supporting the program and fostering a thriving business ecosystem within Al Madinah.
Al Madinah Ventures is Building a Foundation for Success
Value Makers Studio, with its proven track record of investing in and supporting high-growth startups, brings invaluable expertise to the program. Initiatives like The Bridge and SaudiPreneur will play a crucial role in:
- Facilitating Market Entry: Enabling international startups to enter the Saudi market.
- Empowering Saudi Youth: Equipping young entrepreneurs with the skills and resources they need to succeed.
A Vision for the Future
Al Madinah Ventures is more than just a program; it’s a vision for the future. By fostering innovation, attracting investment, and empowering entrepreneurs, this initiative will transform Al Madinah into a thriving center for economic growth and development.
