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Wa'ed, Royal Commission for Jubail & Yanbu, announce start-up alliance

March 15, 2021
RIYADH Wa’ed, the entrepreneurship arm of Aramco, signed a memorandum of understanding (MOU) with the Royal Commission for Jubail & Yanbu to support the creation of new start-ups and SMEs in Saudi Arabia’s two largest industrial cities.
The agreement with the Royal Commission, which oversees the industrial cities of Jubail and Ras Al-Khair on the Gulf, and Yanbu and Jazan City on the Red Sea, is part of Wa’ed’s ongoing campaign to support all SMEs, including those in the energy and petrochemicals sectors, that fill needed gaps in the Saudi economy.
The Royal Commission was set up in 1975 by King Khalid to diversify the Saudi economy by harnessing natural gas from oil extraction to create Saudi’s petrochemicals industry. ....

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