• RoomHour secured a USD 532,000 investment from the “Namu Hub” incubator and accelerator during the Biban24 Forum.
• Namu Hub incubator provides comprehensive support to startups with financial and administrative consulting, project management, co-working spaces, and fostering valuable industry connections.
• Biban24 Forum, a major startup event in Saudi Arabia, focuses on innovation and entrepreneurship, helping connect startups like RoomHour with investors and essential business resources.

RoomHour secured a USD 532,000 investment from the “Namu Hub” incubator and accelerator during the Biban24 Forum.

RoomHour’s Innovative Approach to Hotel Bookings

RoomHour offers an online hotel booking platform licensed by the Saudi Ministry of Tourism. t allows users to book short-term stays in hotel rooms and serviced apartments at more than 4,000 hotels in over 600 destinations.

The service is unique in providing hourly booking options, rather than the traditional day or night stays.

Namu Hub’s Support for Startup Growth

“Namu Hub” incubator supports startups and entrepreneurs with financial and administrative consulting, project management, and co-working spaces. It also offers economic feasibility studies and helps build relationships in the startup ecosystem.

At the event, incubators like “Namu Hub” not only provided financial backing but also offered strategic support, business consulting, and networking opportunities, helping startups scale and thrive in the regional market.

Biban24 Forum

Biban24 Forum is one of Saudi Arabia’s key startup events, aimed at fostering innovation and connecting entrepreneurs with investors and resources.

Additionally, it is organized by the Saudi Small and Medium Enterprises General Authority (Monsha’at), serves as one of the Kingdom’s largest forums dedicated to startups and SMEs.

Held annually, it focuses on empowering entrepreneurs, connecting them with investors, and providing access to business development resources.

Moreover, Biban24, in particular, emphasized the Saudi Vision 2030 goals, which aim to diversify the economy and enhance the contribution of the SME sector.

The Biban Forum is known for its role in showcasing new ideas, hosting discussions, and facilitating funding rounds. In Biban24, several significant investments were announced. Many startups are securing funding through partnerships with incubators and accelerators.

Furthert, these included investments in technology, fintech, and tourism-related ventures like RoomHour. This is reflecting the Kingdom’s focus on digital transformation and innovation.