Riyadh - Sharikat Mubasher: The Saudi Venture Capital and Private Equity Association (SAVCPEA) entered into a strategic partnership with BIM Ventures to boost the venture capital (VC) and entrepreneurship ecosystem in Saudi Arabia, a recent statement revealed.

This partnership aims to enhance cooperation between both entities to provide educational and statistical resources, achieve shared goals, and enrich content related to investment and entrepreneurship.

Through this partnership, both parties will work together to stimulate the role of venture studios in the investment sector to tackle challenges facing investors, entrepreneurs, and startups.

Qusai AlSaif, CEO of SAVCPEA, stated that the partnership with BIM Venture came as part of the association’s strategy to enhance the sector and provide more opportunities for investors and entrepreneurs.

For his part, Mohamed Merah, CEO of BIM Ventures, affirmed that the partnership will stimulate the role of venture studios in the VC and entrepreneurship ecosystem by building startups that grow and achieve financial sustainability.

BIM Venture aims to build successful and sustainable enterprises from the ground up by capitalizing on its expertise, resources, and network.

The SAVCPEA targets stimulating investment in Saudi Arabia by raising awareness and promoting significant partnerships between industry professionals.