Saudi Aramco Entrepreneurship Center (Wa'ed) promotes entrepreneurship and helps develop local Small and Medium-sized Enterprises (SMEs) by encouraging aspiring entrepreneurs to establish or expand SMEs in their respective fields. The Center provides venture capital investment and along with the guidance and access to partner services to advance the growth of entrepreneurs and their businesses. Entrepreneurs are key contributors to job creation and represent a major source of employment. Furthermore, Entrepreneurs act as powerful agents for economic diversification including developing local content and fostering innovation. Realizing the full potential benefits presented by this opportunity will require substantial effort to help the Kingdom’s entrepreneurial ecosystem reach maturity across structural and cultural dimensions. By combining deep sector knowledge and a collaborative team that is diligent, dynamic, and engaging, Aramco Entrepreneurship Center targets high-growth business models and cultivates a great atmosphere that empowers a new generation of entrepreneurs in Saudi Arabia.
View Top Employees from Saudi Aramco Entrepreneurship Center (Wa'ed)Website | https://waed.net/ar/index.html |
Revenue | $11 million |
Employees | 155 (90 on RocketReach) |
Founded | 2011 |
Address | Al-Midra Tower, Dhahran, Eastern Province, SA |
Industry | Venture Capital & Private Equity |
Web Rank | 2 Million |
Keywords | Venture Capital, Entrepreneurship Ecosystem, Entrepreneurial Ecosystem, Economic Diversification, Job Creation Initiatives, Innovation, Entrepreneurship Education |
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The Saudi Aramco Entrepreneurship Center (Wa'ed) annual revenue was $11 million in 2024.
Majed Alarji is the CFO of Saudi Aramco Entrepreneurship Center (Wa'ed).
90 people are employed at Saudi Aramco Entrepreneurship Center (Wa'ed).
Saudi Aramco Entrepreneurship Center (Wa'ed) is based in Dhahran, Eastern Province.