Wadi Jeddah Company, the investment arm of King Abdulaziz University, has officially joined the International Association of Science Parks and Areas of Innovation (IASP), marking a significant step in its global expansion. The membership was formalized during the 42nd IASP World Conference, which took place in Beijing, China, from September 16-19, 2025.
A Milestone For Global Collaboration
The new membership is a pivotal achievement for Wadi Jeddah, positioning it within a global network of leading innovation hubs. Dr. Satam Linjawy, CEO of Wadi Jeddah, expressed his pride in the milestone, stating, “This membership will open broader horizons for international cooperation and the exchange of experiences with global partners, enhancing Wadi Jeddah’s position as a leading regional center for innovation and knowledge.” The membership plaque was received by Dr. Majed bin Kamal Nour, the company’s Innovation and Entrepreneurship Advisor, on behalf of the CEO.
Driving Saudi Vision 2030
This strategic move underscores Wadi Jeddah’s commitment to advancing the goals of Saudi Vision 2030. By joining the IASP, the company strengthens its capacity to help build a diversified, knowledge-based economy and create an attractive environment for both local and international investment. This alliance enhances its ability to support the national innovation and entrepreneurship ecosystem by adopting global best practices and forging impactful international partnerships.
Bridging Academia And Industry
Wadi Jeddah plays a crucial role in connecting the academic research of King Abdulaziz University with the commercial sector. Its core mission is to transform knowledge and scientific outputs into tangible projects with significant economic and social impact. The IASP membership will bolster these efforts by providing an incubating environment for students, graduates, and entrepreneurs, giving them access to specialized global networks and new opportunities for economic development.
About Wadi Jeddah
Wadi Jeddah is the investment arm of King Abdulaziz University, established by Royal Decree. Its primary mission is to contribute to the development of Saudi Arabia’s knowledge economy by fostering partnerships between educational institutions and the business community. The company focuses on converting academic and research outputs into viable commercial and investment opportunities, supporting innovation, and achieving the sustainable development goals of Saudi Vision 2030.
Source: Zawya
