Riyadh - Sharikat Mubasher: Takamol Holding, a leading Saudi government-owned company, announced its strategic investment in Saqr Fund II, managed by Vision Ventures, to support innovation and enhance the Saudi entrepreneurship ecosystem.

The fund targets early-stage tech startups across key sectors, including fintech, e-commerce, software-as-a-service (SaaS), cybersecurity, and artificial intelligence (AI), with a special focus on the Saudi market, the company revealed in a recent statement.

This investment underscores Takamol’s commitment to nurturing entrepreneurs and achieving Vision 2030’s goal of establishing a knowledge-based and technology-driven economy.

Takamol Holding is the executive arm of the Ministry of Human Resources and Social Development. It aims to empower and enhance the Saudi labor market through innovative solutions that serve individuals and businesses across both the public and private sectors.