LEAP 2023

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

Major announcements drive our efforts toward strengthening the digital innovation ecosystem.

The video is blocked

You need to give permission

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 

You are currently using an older browser. Please note that using a more modern browser such as Microsoft Edge might improve the user experience. Download Microsoft Edge