The Saudi Based Venture Studio, BIM Ventures signs a Memorandum of Collaboration with the Ministry of Investment.

The Business Innovation Mine (BIM Ventures) signed a Memorandum of Collaboration with the Ministry of Investment as part of its constant endeavor to enhance the investment environment in the Kingdom. The memorandum of collaboration aims to support and facilitate the entry of startups into the Saudi market and to enhance investment opportunities for local startups through the ecosystem of BIM Ventures as a venture studio specialized in building and investing in start-ups. It is noteworthy that BIM Ventures is a Saudi Venture Studio that works to establish promising projects with economic feasibility by using resources, experiences and acquired relationships. This cooperation comes in line with the Global Observatory's report for the year 2020/2021, in which the Kingdom ranked seventh globally in terms of entrepreneurial progress, to record a qualitative leap in the entrepreneurship index and this is one of the results of positive changes in the entrepreneurship ecosystem in the Kingdom to be in line with one of the most important strategic objectives of the Kingdom's Vision 2030, which aims to raise the contribution of SME’s in local content to 35%.

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