VIDEO: Partnership with Zoom, expansion of Wa’ed Ventures
Major announcements drive our efforts toward strengthening the digital innovation ecosystem.
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