Saudi Arabia has announced the opening of The Garage, the Middle East’s largest startup district, situated within the King Abdulaziz City for Science and Technology in Riyadh.
Covering 28,000 square meters, this space now houses over 300 startup companies and was opened as part of the kingdom’s commitment to nurturing innovation, the company said in a statement.
Transforming a former parking structure into a workspace, The Garage offers 24 meeting rooms, an event area capable of accommodating over 1,000 individuals, and dedicated workshop spaces.
This transformation began in April 2022 with a mission to empower startups and has since forged partnerships with industry giants such as Google for Startups and the National Center for Information Technology Development.
The startup district also boasts an array of programmes, including The Garage Plus, ACCESS, The Garage Incubator, MVP Lab, GAIA Startup Accelerator, and the Middle East’s inaugural Antler programme.
في #الكراج عرفنا ان فيه #مكان_للستارتبز
— The Garage | الكــراج (@TheGarageKSA) September 19, 2023
يجتمعون فيه ويلتقون بناس تشبههم pic.twitter.com/DXEHXr8Na2
Over 10 programme cycles, it has graduated over 230 startup companies, nurturing 450 founders from over 50 countries, collectively generating revenues exceeding SAR24.5 million ($6.5 million approximately).
Moreover, these startups have secured investments exceeding SAR215 million ($57.3 million approximately).
The Garage: Nurturing Saudi Startups
The startup district has hosted over 40 events, attracting participation from 150 local and international startups, drawing over 3,500 attendees, including partners, investors, and industry experts.
The inauguration of The Garage marks a milestone in the global startup landscape in Saudi Arabia and the Middle East, providing founders with access to a thriving ecosystem of partners and innovators.
#الكراج فيه كل شيء.. الا المألوف! #مكان_للستارتبز pic.twitter.com/ZXllqceVcD
— The Garage | الكــراج (@TheGarageKSA) September 18, 2023
Having debuted at the first Leab conference in 2022, The Garage solidifies its position as the primary hub for startups, incubating promising ventures from the heart of Riyadh.
This innovation district aspires to be the ultimate destination for tech startups, offering a holistic business model encompassing incubation, acceleration, and comprehensive support services.
Beyond a workspace, it symbolises a way of life and a community hub, strategically located to foster collaboration with creative minds and national laboratories across various sectors, the statement said.
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