Zoho Corporation has signed a Memorandum of Understanding with the Saudi-based Falak Investment Hub to unit efforts toward digitally empowering youth and startups in Saudi Arabia and boosting their digital transformation journey.
Under the MoU, Zoho will supply startups associated with the Falak Investment Hub network portfolio with credit worth $2,500, an initiative of the “Zoho for Startups” program. Members can use the credit to access the 50+ products of Falak Investment. Moreover, they will have access to learning resources and training workshops by Zoho’s team to support digitizing their companies.
Founder and CEO at Falak Investment Hub, Adwa Al-Dakheel, said: “With a flourishing ecosystem, a young and ambitious population, and a rising talent landscape, Saudi Arabia is at the forefront of innovation and startup ecosystems in the MENA — and these ecosystems deserve local and global partnerships to elevate credentials, cultivate entrepreneurial thinking, and inspire greatness in every existing founder and future founder.
President Middle East and Africa at Zoho Corp, Hyther Nizam, commented: “We are delighted to partner with Falak Investment Hub to bring an added value to developers, startups, and the entrepreneur community in the kingdom through our unique business offerings. By teaming up with a leading partner such as Falak, we aim to equip and enable young talents and leading entrepreneurs with the tools needed to stay ahead of the game.”
He added that this partnership is part of Zoho’s ongoing efforts to develop its 50+ digital offerings to the business community and incorporate digital literacy skills within the academic curriculum, in line with the country’s digital transformation aspirations.”