New Incubator and Accelerator Launched to Foster Growth in Saudi Arabia’s Fisheries Sector
Riyadh, Saudi Arabia – October 18, 2022 – The Saudi Ministry of Environment, Water and Agriculture (MEWA) has announced the launch of a new business incubator and accelerator dedicated to supporting and advancing the fisheries sector. This significant initiative aims to foster innovation, cultivate promising enterprises, and ultimately drive sustainable growth within the Kingdom’s vital aquaculture and fishing industries.
The establishment of this specialized program underscores MEWA’s commitment to diversifying the Saudi economy and enhancing food security through the development of its natural resources. The incubator and accelerator are designed to provide aspiring entrepreneurs and existing businesses with comprehensive support, including access to funding, mentorship from industry experts, business development services, and cutting-edge resources.
By nurturing new ideas and scaling existing ventures, the program intends to address key challenges and capitalize on emerging opportunities within the fisheries value chain. This could encompass advancements in sustainable farming techniques, the development of novel processing and packaging methods, innovative marketing strategies, and the adoption of technological solutions to improve efficiency and productivity.
The initiative is expected to play a crucial role in cultivating a vibrant ecosystem for entrepreneurship in the fisheries sector, attracting talent, and creating valuable employment opportunities for Saudi citizens. It aligns with the broader objectives of Saudi Vision 2030, which emphasizes the importance of developing non-oil sectors and achieving food self-sufficiency.
MEWA has expressed its enthusiasm for the potential impact of this program, anticipating that it will contribute significantly to the modernization and global competitiveness of Saudi Arabia’s fisheries. Further details regarding the application process and specific program offerings are expected to be released in the near future.
“البيئة”: إطلاق حاضنة ومسرعة أعمال للثروة السمكية
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