Wa’ed Ventures Signs Strategic MoU with the Ministry of Environment, Water and Agriculture to Support Sustainability and Entrepreneurship

Wa’ed Ventures, the venture capital arm of Saudi Aramco, has announced the signing of a strategic Memorandum of Understanding (MoU) with the Ministry of Environment, Water and Agriculture, during the iktva 2025 event – a major initiative to enhance total value in the supply sector.

The partnership aims to accelerate localization and boost strategic investments in high-potential sustainability-focused startups, emerging from the Ministry’s innovation-driven programs in the agriculture, water, and environment sectors.

In a post on its official LinkedIn account, Wa’ed reaffirmed its commitment to advancing the Kingdom’s venture capital ecosystem, emphasizing a shared vision to empower innovative startups and support entrepreneurship in future-oriented sectors.

In parallel with the MoU, Wa’ed also announced a new investment of SAR 6 million in Techrar, further demonstrating its continued support for local tech ventures aligned with sustainability and innovation.