Takamol Holding, a leading Saudi government-owned company, has announced its strategic investment in Saqr Fund II, managed by Vision Ventures, aiming to strengthen the innovation and entrepreneurship ecosystem in Saudi Arabia while supporting early-stage tech startups.
The fund targets high-potential sectors, including FinTech, E-commerce, Software as a Service (SaaS), Cybersecurity, and Artificial Intelligence, with a clear focus on the Saudi market. This move reflects Takamol Holding’s commitment to channel investments toward sectors driving the future of the national economy.
Commenting on the investment, Takamol Holding stated:
“We reaffirm our dedication to empowering entrepreneurs and fostering innovation in alignment with the objectives of Saudi Vision 2030, moving towards a knowledge-based, technology-driven economy.”
It is noteworthy that Takamol Holding is a government-owned entity under the Ministry of Human Resources and Social Development, established to empower and enhance the Saudi labor market through innovative solutions serving individuals and business sectors in both the public and private domains.
As the executive arm of the Ministry, Takamol Holding focuses on developing the work environment, increasing efficiency, promoting empowerment, executing initiatives, and creating a sustainable positive impact benefiting society, employers, employees, and job seekers alike.
