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LEAP 2023

VIDEO: Partnership with Zoom, expansion of Wa’ed Ventures

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Amin Nasser, Aramco president and CEO

We have just announced a new strategic partnership with Zoom.

 

Our strategic partnership with Zoom aims to:

 

  • Build the first global data center in the Middle East/North Africa region in the Kingdom
  • Support the digital transformation ecosystem
  • Explore tech solutions for the energy sector.

 

We have more than doubled the Wa’ed fund from 200 million dollars to half a billion dollars.

 

Expanding the Wa’ed VC Fund enables us to:

 

  • Lead accelerated investment performance 
  • Advance the region’s innovation ecosystem
  • Fund underserved domains