STV, Saudi Arabia-based VC fund, and Meta partner together with the aim of supporting tech startups in Saudi Arabia and the MENA region. This partnership is built on building the community’s capabilities and enabling the fund’s portfolio growth through Meta marketing and platform solutions.
The STV and Meta partnership is designed to build technical capabilities in Saudi Arabia and the region, through education and awareness for the entrepreneurs, marketers and developers. The other pillar of the partnership is enabling STV portfolio companies from strategic and financial incentives provided by Meta.
“We are excited to be partnering with STV to support tech startups across the MENA region and in Saudi Arabia in particular. As a priority market for Meta, we’re keen on growing the wider tech ecosystem in the country by building important capabilities and skills for business communities through our marketing and platform solutions. Now, more than ever, businesses and communities in our region rely on our platforms, products and tools to engage with customers and expand their reach and their online presence. Through this new partnership with STV, we are fully committed to furthering our investment in Saudi Arabia and the MENA tech ecosystem by building technical capabilities for SMB owners, up-skilling entrepreneurs, and supporting marketers and developers,” Fares Akkad, Regional Director for the Middle East and North Africa at Meta, said.
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