Young Saudis eager to do their bit to transform their country into a technology hub can access a wide range of tailored initiatives by the Saudi government and local institutions. One of them is the Entrepreneurial Emerging Leaders Acceleration Program, launched by the King Fahd University of Petroleum and Minerals Entrepreneurship Institute (KFUPM-EI) in Dhahran, Eastern Province, to drive growth in local technology-based startups.
A growing awareness of the need to diversify the Kingdom’s economy away from oil into other high-value industries prompted the launch of the Vision 2030 reform agenda in 2017. One of the objectives of the program is technological development, primarily driven by domestic startups.
Earlier this year, Saudi Arabia announced it would invest more than $6.5 billion in future technologies and entrepreneurship to further secure its position as the region’s largest digital economy.
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