Wadi Jeddah Plans $10M Fund for Saudi Startups

Wadi Jeddah, the investment arm of King Abdulaziz University, is planning to launch a $10 million venture fund aimed at supporting Saudi startups and selected international companies looking to enter the local market. The fund is reported to launch in early 2027.

The initiative is designed to channel capital toward promising local ventures while also helping international firms establish a foothold in the Kingdom. No specific fee, application price, or application steps have been announced at this stage.

A Wider Push for Local Entrepreneurs

Separately, a Wadi Jeddah incubator program has already selected 10 startups and allocated a total of SAR 1 million to support them, equal to SAR 100,000 The selected companies are set to receive incubation, mentorship, and business support to help them grow and scale.

Together, the planned fund and the incubator program point to a broader effort to strengthen the startup ecosystem and attract new business activity. For entrepreneurs and international companies eyeing the Saudi market, such initiatives could open fresh channels for funding, guidance, and market access.

Full details on how to apply, timelines, and any associated fees for the venture fund have not yet been made public. Saudi Living will share updates as further information becomes available.

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