Wadi Jeddah Company has signed a strategic Memorandum of Understanding with the Cambridge Innovation Center (CIC) during its participation in the 2025 Saudi–US Investment Forum, held in the United States and attended under the patronage of the Ministry of Investment of the Kingdom of Saudi Arabia.
The MoU aims to strengthen the national innovation and entrepreneurship ecosystem and support the development of a knowledge-based economy by establishing international collaboration channels and exchanging expertise with one of the world’s leading innovation institutions.
A Global Platform for Innovation
The Cambridge Innovation Center (CIC) is recognized as one of the leading global hubs supporting startups and entrepreneurs. The center provides advanced workspaces, incubators, and accelerators, in addition to consulting services and a wide network of experts and investors in technology and innovation.
MoU Focus Areas
The partnership between Wadi Jeddah and CIC aligns with the Kingdom of Saudi Arabia’s aspirations to build a competitive knowledge economy through key areas, including:
Attracting innovative startups and connecting them to global networks
Engaging international experts to support the development of entrepreneurial projects
Providing consulting and execution services for tech-focused entrepreneurs
Supporting entrepreneurship programs and developing national talent
Enhancing collaboration in incubators, accelerators, and innovation infrastructure
Collaboration Pathways
The MoU includes joint programs to support Saudi startups and enable their access to international markets. It also leverages CIC’s expertise in developing entrepreneurship programs and hosting initiatives that enrich the innovation landscape within the Kingdom of Saudi Arabia.
A Step Aligned with Vision 2030
This agreement represents a strategic milestone that supports the goals of Saudi Vision 2030 to advance innovation, empower youth and entrepreneurs, and foster a competitive environment for knowledge-based investment. It further strengthens Wadi Jeddah’s upcoming projects, particularly those related to the Innovation and Business District (IBD) and the Wadi Jeddah Innovation Complex.
Dr. Sattam bin Saud Lingawi, CEO of Wadi Jeddah Company, emphasized that the partnership with CIC reflects the company’s commitment to building an integrated innovation ecosystem and creating an enabling environment for high-potential ventures—contributing to sustainable economic development and generating tangible impact in the innovation sector.