LEAP23 Witnesses Announcements of USD 2.43 Billion to Support Technological Startups to Boost their Growth, Entrepreneurship

  • 2/10/2023
  • 01:46
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Riyadh, February 7, 2023, SPA -- The LEAP23 Conference, on its second day, announced a series of technical announcements, including numerous support and funding programs, mainly launching supportive and empowerment programs for technological startups with accelerated growth to become unicorn companies. Riyad Bank has also announced the launch of USD 1 billion in financing for telecommunications and information technology enterprises, where the National Technology Development Program (NTDP) has also announced the launch of 6 new supportive and enabling products for the Kingdom's digital entrepreneurship and technology companies, in addition to attracting global technology companies with the support of USD 430 million. Also, Banque Saudi Fransi has launched a finance portfolio with a value of USD 1 billion to finance the ICT sector companies, to stimulate the sector and support the national economy. Also, the Unicorn Support Program has announced the list of companies that will receive support and empowerment to transform them into unicorn companies. --SPA 20:26 LOCAL TIME 17:26 GMT 0034 www.spa.gov.sa/w1851194

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