المملكة: The Governor of Jeddah inaugurates the Jeddah Valley Innovation Complex and Zone at King Abdulaziz University
His Highness Prince Saud bin Abdullah bin Jalawi opened Governor of Jeddah, today, Wadi Jeddah Innovation Complex, and Wadi Jeddah Innovation and Business District, for Wadi Jeddah Companythe knowledge investment arm of King Abdulaziz University, in the presence of His Excellency the member of the University’s Board of Trustees, Dr. Ahmed bin Hamid Naqadi, the President of King Abdulaziz University, Dr. Tarif bin Youssef Al-Ama, and the CEO of Wadi Jeddah Company, Dr. Sattam Linjawi.
This step aims to transform scientific research into competitive commercial entities, to enhance the knowledge economy and achieve the goals of the Kingdom’s Vision 2030.
The Company’s Journey
His Highness the Governor of Jeddah tours In various facilities in the region, then the ceremony began with the royal anthem, after which His Highness and the audience watched a visual presentation about "Wadi Jeddah" He reviewed the company’s progress and achievements.
The announcement witnessed the announcement of a number of agreements between Wadi Jeddah, the Saudi Society of Obstetrics and Gynecology, and the Saudi Society of General Surgery, which aim to enhance the business environment. In conclusion, His Highness honored the sponsors.
Commercial projects
targeting "Wadi Jeddah Innovation and Business District"Attracting major companies to open branches and regional headquarters to support the innovation system by taking advantage of the university’s infrastructure, which includes "Wadi Jeddah Innovation Complex" Which is located in the heart of the region, and is dedicated to supporting emerging companies and transforming scientific ideas into commercial projects.
The area of the region is 81,791 square meters, and includes (7) buildings with areas of 40,000 square meters, and (700) parking lots, as it is distinguished by a strategic location on Prince Majid Road linking it to the airport and vital centers, to provide an integrated system that brings together innovators with international and local companies, and gives them added value through easy access. For university talent, research centers, and an international network of relationships linking them with decision makers.
Investment opportunities
The CEO of the company explained "Wadi Jeddah" The launch of the zone comes within the efforts aimed at supporting the innovation and entrepreneurship system, and enhancing integration between academic research and the private sector, by transforming scientific innovations into viable commercial projects that contribute to the development of the knowledge economy and providing qualitative investment opportunities with a sustainable economic and social impact in line with the goals of the Kingdom’s Vision 2030.
He stated that the zone represents an integrated platform to support innovation and entrepreneurship, as it includes specialized infrastructure that includes innovation laboratories, business incubation and acceleration programmes, work spaces and modern offices, including It contributes to building strategic partnerships and exchanging experiences.
Strategic Partnerships
It is noteworthy that Wadi Jeddah Company is the knowledge investment arm of King Abdulaziz University, and works to develop strategic investments that support the knowledge economy, contribute to the transfer and localization of technology, and stimulate innovation and entrepreneurship, with the aim of investing in promising sectors, and strengthening strategic partnerships, in a way that contributes to achieving the goals of the Kingdom’s Vision 2030.
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