SAUDI ARABIA. King Abdulaziz City for Science and Technology (KACST), represented by Badir program for technology incubators and accelerators, disclosed that the number of Saudi women entrepreneur-owned technology startups incubated in the Program during the past year increased by 144%.
Out of the number, 44 companies are active in the fields of communications, software, e-commerce and smart device applications.
Badir forecast an increase in the establishment of Saudi startups and a promotion of technical innovation and development in these companies as the government sees a prominent role of this sector in the future economy.
Nawaf Al Sahhaf, CEO of Badir Program for Technology Incubators, described the growth rate of women's projects incubated by the program as "good" compared to the past five years, stressing that the program has contributed to supporting the ambitious and innovative initiatives and ideas of Saudi women entrepreneurs and providing them with an appropriate work environment through the offices specialized in the preparation, habilitation, training and workshops, enabling them to run their businesses efficiently and effectively and helping them to participate in local and regional conferences.