Wa’ed Ventures, the $500 million venture capital fund owned by Saudi Aramco, has signed a strategic Memorandum of Understanding (MoU) with the Ministry of Environment, Water and Agriculture during the iktva 2025 forum.
The agreement aims to fast-track localization efforts and scale strategic investments in high-potential startups emerging from the Ministry’s innovation programs focused on agriculture, water, and environmental sustainability.
In a statement posted to LinkedIn, Wa’ed Ventures reaffirmed its commitment to building Saudi Arabia’s venture capital ecosystem: “Together, we aim to accelerate localization and strategic investments in high-potential sustainability startups emerging from the Ministry’s programs.”
Wa’ed Ventures to boost Sunbolah, Sahabah, and Sedrah programmes
The Ministry has rolled out a trio of sector-focused programs designed to catalyze innovation and entrepreneurship in line with Vision 2030 goals:
- Sunbolah: Accelerates agri-tech, food, and biotech ventures.
- Sahabah: Develops the water-tech startup ecosystem.
- Sedrah: Targets environmental innovation and climate tech.
Each program provides a platform for entrepreneurs and investors to deploy scalable solutions and contribute to sustainable sector growth.
Wa’ed Ventures recently invested SAR 6 million in Techrar, a Sunbolah graduate, further demonstrating its focus on agri-food innovation. Sunbolah, backed by the Ministry, is already helping to bring efficiency-driven technologies to market.
With this MoU, Wa’ed Ventures continues to align its capital with Saudi Arabia’s broader economic diversification and environmental sustainability goals.
