The types of businesses that are not eligible for funding and support are:

  • General construction contractors
  • Real Estate developments and investments
  • Trading businesses (Importing and wholesale distribution)
  • Non-for-profit organizations

Aramco Entrepreneurship Center supports all projects located in the Kingdom of Saudi Arabia.

Aramco Entrepreneurship Center supports small and medium-sized enterprises that create quality jobs for Saudi nationals by offering training programs to entrepreneurs for developing important business skills. The center also extends financing to business projects that Aramco has approved through either loans or equity partnerships. Aramco does not engage in micro-financing (small scale loans) for business projects.

The steps necessary to obtain support are:

  • Idea submittal
  • Application review
  • Applicant interview
  • Business plan development
  • Due-diligence
  • Funding

Applicants can use Arabic or English while submitting the requested documents to Aramco Entrepreneurship center.

Business proposals can be submitted by an individual or groups of individuals/partners.

Yes, provided your business obtains a SAGIA license which might require a certain threshold of capital.

The Loan Program is designated for Saudi Arabs only. For non-Saudis, please contact us for further information.



Yes, it is possible that the loan application process will be accelerated if the business plan meets all of Aramco Entrepreneurship Center’s requirements.

Aramco Entrepreneurship Center adheres to stringent information protection policies and utilizes systems to ensure high standards of confidentiality of all information. When the Business Plan for a project has been approved by the center to proceed to the ‘Due-Diligence’ stage, a Non-Disclosure Agreement (NDA) is signed by both the entrepreneur and Aramco Entrepreneurship Center to ensure that all information related to the project remains confidential.

It is not necessary to leave your job to apply to Aramco Entrepreneurship Center support and funding program. However, if funding for your project is approved by the center, you will be expected to dedicate yourself full-time to manage the planned business.

Feasibility study - A feasibility study is an evaluation and analysis of the potential of a proposed project, which is based on extensive investigation and research to give full comfort to the decision makers. Feasibility studies aim to objectively and rationally uncover the strengths and weaknesses of an existing business or proposed venture, opportunities and threats as presented by the environment, the resources required to carry through, and ultimately the prospects for success.

Business Plan –A business plan is a written statement of your business; what you want to achieve and how you plan to go about it. It should outline the structure of your business, the product or service, the customer, the growth potential and the financials. As well as giving information about your business it should also provide guidance for the future. It’s a blueprint for what you want to achieve and should give you a clear understanding of how you intend to get there. Business plans generally follow a standard format. Each section should include specific elements and address relevant questions that the people who read your plan will most likely ask. Generally, a business plan has the following components:

  • Executive Summary and description of the business
  • Description of the product or service
  • Market Analysis
  • Marketing Plan
  • Operations and technical details
  • Management and personnel
  • Financial Components - projected income statement, cash flow statement and balance sheet
  • Supporting legal documents

Yes, consultancy and research services can be utilized to support the development of your business plan. However, the submitted plan must adhere to Aramco Entrepreneurship Center format and fulfill all content requirements. Aramco Entrepreneurship Center will not provide consultation or cover the costs of any procured services.

Business Plan Development training is an independent offering and is recommended to attend regardless of the applicant's pursual of funding.

Yes, the Aramco Entrepreneurship Center business plan development training program is available for all applicants.

Depending on the eligibility of the business, the duration of the loan process varies according to the nature of the proposed business plan and the readiness of the entrepreneur; however the average loan process is approximately 3-6 months.

Yes, contribution to the initial capital of a project is a prerequisite for loan approval. This will be determined on a case by case basis.

The maximum loan payback period is 5 years.

No, Aramco Entrepreneurship Center loans are non-collateralized.

No, a newly funded entrepreneur will be granted an initial repayment grace period determined by the due-diligence team.

In general, funds will be provided in separate disbursements that are tied to business milestones.

Yes, the loan may be paid off early subject to the terms and conditions of the loan agreement.

There is no guarantee that Aramco Entrepreneurship Center will fund your project and is contingent on approval from the board funding committee. Please read more about the Loan Financing process here.

The Wa’ed Venture Capital Company is an independent entity incorporated in Saudi Arabia registered as Saudi Aramco Entrepreneurship Ventures Company Ltd (Wa'ed VC). It is a subsidiary of the Saudi Aramco Entrepreneurship Center Company Limited (Wa’ed). Wa’ed VC invests locally through equity financing. Additionally, it studies international business opportunities and identifies ones that are appropriate for localization in the Kingdom. Wa’ed VC invests in companies at early to mid-range growth stages.

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We prioritize projects with high value addition to the kingdom regardless of the sectors.

We evaluate applicants based on team dynamics, charismatic presence, perceived competency, resourcefulness, attitude, communication skills, potential profitability of the venture, novelty of the idea, and clarity of the vision. All of those indicators are important to us; however, please note that the prior list is intentionally ordered from most important to least important.

Yes, as long as you have the drive and resilience to learn. We believe that whatever you might lack in knowledge, you’ll probably make it up with enthusiasm for learning.