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Newlab To Launch A Saudi Hub. First Focus: Mining Startups

Newlab To Launch A Saudi Hub. First Focus: Mining Startups


Published on 2025-01-13 12:00:55 - Forbes
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  • Newlab, a New York-based company that helps launch and fund startups in industrial sectors, is opening a new hub this year in Riyadh, Saudi Arabia. The hub aims to attract startups to Saudi Arabia, focusing first on the mining industry. Future programs will focus on energy, logistics and advanced manufacturing.

The article from Forbes, published on January 13, 2025, discusses Newlab's plan to establish a new hub in Saudi Arabia, focusing initially on mining startups. Newlab, known for its innovation hubs in Detroit and Brooklyn, aims to leverage Saudi Arabia's significant mining resources and its push towards economic diversification away from oil. The hub will serve as a collaborative space for startups, researchers, and industry leaders to innovate in mining technologies, aiming to enhance efficiency, sustainability, and safety in the sector. This initiative aligns with Saudi Arabia's Vision 2030, which seeks to transform the country into a global investment powerhouse by fostering technology and innovation. The article highlights the potential for this hub to not only boost local mining operations but also to contribute to global mining technology advancements.

Read the Full Forbes Article at:
[ https://www.forbes.com/sites/elizabethmacbride/2025/01/13/newlab-to-launch-a-saudi-hub-first-focus-mining-startups/ ]
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