Saudi Arabia Attracts 25 Global Startups In Research And Innovation
Saudi Arabia has attracted 25 international startups specializing in research, development, and innovation (RDI) as part of its Global Startup Attraction Program, a joint initiative by the Ministry of Investment and the Research, Development, and Innovation Authority.
The companies, drawn from strategic sectors, include firms in future health, energy and industry, education and human capital, and environmental sustainability.
The majority — 13 firms — focus on future health, while six are in sustainability and basic needs, and three each in education and energy.
The program is designed to increase private sector participation in RDI, support talent development, and create high-skilled jobs.
The targeted outcomes by 2030 include generating over SR25 billion in total market value and creating more than 7,000 jobs, with three of the companies expected to reach unicorn status.
The startups represent 12 countries, including the United States, Germany, France, the United Kingdom, Canada, Switzerland, Australia, and the UAE.
Participating firms include Stargate Hydrogen, SecureOneLabs, Aitonomi, NovaLunas, and Deepdrill AG, among others.
This initiative supports broader national efforts to expand the Kingdom's innovation capacity, strengthen private sector R&D, and contribute to economic diversification, according to the authority.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Daily Tribune
a day ago
- Daily Tribune
Bahrain emerges as key Gulf hub for sustainable investment opportunities
Bahrain took center stage in the global investment landscape as it hosted the official regional launch of the World Investment Report 2025 by UN Trade & Development (UNCTAD) at Swiss-Belhotel, Manama. The event brought together economists and private sector leaders to explore the latest trends in Foreign Direct Investment (FDI), with special attention to Bahrain's evolving investment profile. The report was launched simultaneously in major cities including New York, London, Tokyo, and Cairo, underscoring its global relevance. According to the report, in Bahrain greenfield investments, a key indicator of long-term investor confidence, showed remarkable growth. Double In 2024 Greenfield investment doubled, reaching $1.5 billion. The manufacturing sector saw notable gains, while financial services remained the largest FDI recipient, attracting $2 billion of the total $2.5 billion invested. Bahrain's financial sector remains a dominant force, accounting for $30 billion of the country's total $46 billion in FDI stock. It continues to represent the backbone of foreign capital in the Kingdom. The manufacturing and business services sectors followed, reflecting a diversification push aligned with Bahrain's Economic Vision 2030.
Trade Arabia
04-06-2025
- Trade Arabia
Omran seeks consultancy bids for key Mutrah Waterfront project
Omran Group, Oman's leading entity for tourism development, has invited tenders from top global consultancy groups for design and supervision of utilities infrastructure and detailed design services for its prime development Souq Al Mina – Mutrah Waterfront. Souq Al Mina, a new market district next to the cruise ship harbour, is a central element of the new Muttrah project. One of city's most popular tourist destinations, Muttrah is known for its traditional souq, ancient mosque and seaport. The deadline for sending the bids has been set at June 25. -TradeArabia News Service
Trade Arabia
03-06-2025
- Trade Arabia
Emirates Stallions Group launches new real estate entity
Emirates Stallions Group, a leading conglomerate with operations spanning from workforce solutions, real estate development, design and interiors manufacturing to agriculture and landscaping, and a subsidiary of International Holding Company, announced today the launch of Royal Development Holding, a visionary boutique real estate developer aiming to evolve spaces and elevate lives. As part of its launch, Royal Development Holding unifies a group of specialized real estate development entities including Royal Development Company (RDC) and Royal Architect Project Management (RAPM), while paving the way for the introduction of new companies that will further strengthen its market presence and capabilities, said Emirates Stallions Group in a statement. Building on Royal Development Company's 15-year legacy of trust, excellence and innovation, the launch of Royal Development Holding marks a new era for the Group, enabling it to enhance its presence in the real estate value chain. By adding boutique real estate development capabilities, ESG strengthens its offerings to provide comprehensive, end-to-end solutions that elevate living experiences and support its long-term growth strategy, said the statement. CEO Kayed Ali Khorma said: "Our subsidiary Royal Development Company has been the trusted force behind managing over 60 iconic projects in more than 15 countries across the globe enriching our expertise in the real estate sector." "We are now evolving the Royal Development name and scope of work by launching Royal Development Holding, a visionary boutique developer that will build lifestyle-driven communities to nurture growth, transform the everyday experience, and shape the future of living," he stated. In today's crowded real estate landscape, developers are racing towards creating integrated, intelligent, and inspiring communities that respond to the changing needs of society, provide futureproof living solutions and foster a sense of belonging. With Royal Development Holding stepping into the spotlight as a forward-thinking boutique developer, it underlines a solid commitment to shaping ecosystems that offer a blend of functionality, well-being, and sustainability, and creating vibrant developments that shape the future of intelligent and connected living, he added.-TradeArabia News Service
