Riyadh, Saudi Arabia – At a ceremony held under the patronage of His Excellency the Deputy Minister of Transport and Logistics Services for Roads, E.Badr bin Abdulrahman Al-Dalami, Falak Investment Hub was honored with the first-place award in the Entrepreneurship category at the fourth edition of the Global Excellence Awards 2024.
This recognition embodies Falak’s pioneering role in advancing the entrepreneurial ecosystem and fostering innovation both within Saudi Arabia and beyond. Since its establishment, Falak has embraced an ambitious vision to support the national economy by designing and implementing programs and projects targeting key sectors such as technology and innovation, environmental sustainability, and logistics, in collaboration with government and private entities.
Falak plays a pivotal role in supporting ambitious national initiatives by focusing its efforts on driving corporate innovation and empowering startups to actively participate in the Kingdom’s economic transformation journey. It also remains committed to enhancing collaboration and cultivating a culture of knowledge-sharing through the vibrant Falak Community.
Through tailored programs and projects designed specifically for businesses and startups, Falak has successfully empowered over 40,000 beneficiaries and supported more than 180 startups via educational programs, innovation accelerators, and venture capital funding through Falak Angel Network. These efforts have collectively contributed to a market valuation exceeding SAR 1.13 billion for its portfolio of startups.
Commenting on this achievement, Falak reaffirmed its ongoing commitment to being a vital partner in realizing Saudi Arabia’s Vision 2030 by empowering local talent, fostering strategic partnerships, delivering innovative solutions, and launching initiatives and projects that turn aspirations into reality. This award stands as a testament to the power of teamwork and the clear vision guiding the company’s relentless efforts towards a sustainable and pioneering future for the Kingdom.
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