Saudi Aramco’s Wa'ed awarded ‘Best Supporting Program for SMEs’ at BIBAN Forum

Saudi Aramco Entrepreneurship Center Co. (Wa'ed) was awarded the best supporting program for small and medium enterprises (SMEs) at BIBAN Forum 2017, in recognition of its contribution to relevant developments and investments in Saudi Arabia, according to an official statement.

Since it launched in 2011, Wa’ed has invested $74 million in funding to about 96 small and medium enterprises, including a number of projects in the medical sector, technology marketing, and innovative solutions such as online payment, stated Khalil AlShafei, Waed's Managing Director.

Wa’ed supports value-driven projects that align with Saudi Arabia vision 2030 aiming at developing local economy, creating quality jobs, and diversifying the Kingdom’s reliance on oil and gas.

Wa’ed funds projects across a broad spectrum of sectors including healthcare, education, energy, technology, fintech, food manufacturing, advanced materials, entertainment, e-commerce, lifestyle and many other sectors.