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Wadi Makkah Technology

Wadi Makkah Technology is a government-backed investment company based in Makkah, Saudi Arabia, focused on fostering a knowledge-based economy through investments in technology and startups, particularly in sectors related to Hajj and Umrah.

Founded
2012
Recorded stages
Seed, Series A, Accelerator
Recorded regions
Asia

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Overview

Wadi Makkah Technology, established in 2012 under a royal decree, is wholly owned by Umm Al-Qura University. Its mission is to contribute to the knowledge economy by commercializing research and technology, supporting startups, and enhancing investment opportunities. The organization operates through its venture subsidiary, Wadi Makkah Ventures, which manages venture capital investments, incubators, and accelerators, focusing on early-stage startups that improve the Hajj and Umrah experience. Wadi Makkah Technology aims to build a knowledge-based community and economy in Saudi Arabia, aligning with the goals of Saudi Vision 2030.

Focus

Wadi Makkah Technology invests primarily in technology and knowledge-based products. It provides venture capital investment, consulting projects, and training for entrepreneurs. The organization is involved in various projects, including leasing, operation, and transfer (LOT) and build, operate, and transfer (BOT) initiatives.

Support

Wadi Makkah Technology adds value to its portfolio companies through access to a network of resources, expertise in technology transfer, and support in navigating the unique market of Hajj and Umrah. The organization also provides training and incubator services to help startups grow and succeed.

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