Abdul Latif Jameel Japan Signs MoU With KACST’s “The Garage”

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  • Abdul Latif Jameel Japan has actively promoted East to East trade and business for over 25 years.
  • Abdul Latif Jameel Japan and “The Garage” will actively collaborate to support innovative and promising Japanese start-ups, enabling them to carry out competitive product development, pilot studies, large-scale commercialization and fundraising activities in Saudi Arabia.
  • The start-ups will focus on the development of innovative solutions in the fields of life sciences, metaverse and industry 4.0.

Tokyo, Japan: Abdul Latif Jameel Japan Head Office (Abdul Latif Jameel General Trading) announced the signing of a Memorandum of Understanding with “The Garage” – a start-up district of King Abdulaziz City for Science & Technology (KACST) in Saudi Arabia. The partnership aims to promote large-scale business and commercial development in the Kingdom. Abdul Latif Jameel Japan has been actively promoting East-to-East trade and business since 1996. The company specializes in introducing Japanese companies and their products and services to the world, while focusing on the Middle East. East and Africa.

Through this MoU agreement, Abdul Latif Jameel Japan and “The Garage” will actively collaborate to support and engage promising innovative Japanese start-ups, enabling them to conduct competitive product development, pilot studies, commercialization at large scale and fundraising activity in all areas. life sciences, metaverse and industry 4.0. The agreement will also include a series of promotional activities aimed at increasing the number of Japanese applicants for The Garage’s incubation program, in line with Abdul Latif Jameel Japan’s goal of supporting cross-market business alliances.

Announced in February 2022, as part of Saudi Arabia’s US$6.4 billion investment in tech and startups at LEAP22 (the largest tech conference the Kingdom has ever hosted), “The Garage ” is a startup district of KACST, created to attract innovators, start-ups and disruptors from around the world to Saudi Arabia and build a pioneering ecosystem as an international incubation hub.

The Garage brings together several stakeholders, including KACST, the Ministry of Communications and Information Technology (MCIT) and the Saudi Federation for Cybersecurity, Programming and Drones (SAFCSP) to support entrepreneurs, while strengthening the new Saudi tech scene. It was designed to be a hybrid model that combines business incubators and startup accelerators within an open workspace. It supports business development by offering a wide range of matching events, acceleration support and business license in Saudi Arabia.

The MoU was signed in Tokyo by Abdul Latif Jameel Japan Chairman and CEO Shigeki Enami and The Garage CEO Omar Al Shabaan. KACST Chairman Dr. Mounir bin Mahmoud El Desouky also attended the signing ceremony.

Shigeki Enami, President and CEO of Abdul Latif Jameel Japan, said:The Garage project is a perfect bridge to connect innovative tech start-ups with expertise, and ultimately potential investors, to help bring their ideas to commercial fruition. »

“With over three-quarters of a century of business success and a long history of supporting entrepreneurs in Saudi Arabia and beyond, Abdul Latif Jameel Japan is proud to support Vision 2030’s focus on innovation in this way while helping promising Japanese start-ups access the support and services they need to thrive,” He continued.

Omar Al Shabaan, CEO of The Garage, said: “The Garage was inspired by the origin stories of some of the world’s most successful tech companies like Apple, Google and Amazon, which started their business from inside a garage. Our goal is to create an environment that pays homage to this inspiring culture, synonymous with innovation. Through our partnership with Abdul Latif Jameel Japan, we hope to provide the perfect place for promising Japanese entrepreneurs and start-ups to turn their dreams into realities and their ideas into innovations that can make incalculable contributions to Saudi Arabia and the world. realization of its ambitious plans for the future.”

Founded in 1996, Abdul Latif Jameel Japan initially focused on exporting Toyota Group manufactured vehicles to the Middle East. While vehicles and related exports remain the core business, the company now operates across a wide range of sectors, including renewable energy and water management, healthcare, fintech and edtech. The agreement with The Garage is an important part of Abdul Latif Jameel Japan’s commitment to supporting Japanese start-ups making vital technological advancements in these key industries,

-Ends-

About Abdul Latif Jameel General Trading Co. Ltd.

Abdul Latif Jameel General Trading Co. Ltd. was established in 1996 as the Japanese headquarters of Abdul Latif Jameel. Our business area focuses on a range of industry sectors, including mobility, energy and environmental services, and healthcare. Abdul Latif Jameel General Trading aims to become one of the leading exporters of a wide range of Japanese products and technologies to the Middle East, North Africa, Turkey and the Asia-Pacific region.

Abdul Latif Jameel General Trading Co. Ltd. 1F Yusen building, 2-3-2 Marunouchi, Chiyoda-ku, Tokyo, 100-0005 Japan, Chairman and CEO, Mr. Shigeki Enami (榎並滋喜)

For more information, please visit http://www.alj.com/jp/ (Japanese).

About Abdul Latif Jameel

Founded in 1945 and celebrating its 75th anniversary in 2020, Abdul Latif Jameel is a private family-owned global investor and diversified business whose interests include investments, transportation and mobility, financial services, land and real estate, energy and environmental services, healthcare, consumer products, advertising and media.

The company is present operationally in around thirty countries on six continents and employs some 11,000 people of more than 40 nationalities.

For more information, please visit https://alj.com, https://jameel75.com, email media@alj.ae

For more information on Abdul Latif Jameel, do not hesitate to contact our communications team on media@alj.ae

About King Abdulaziz City for Science and Technology (KACST)

King Abdulaziz City for Science and Technology (KACST) is a public and scientific research institution established in 1977 to promote national science and technology in Saudi Arabia.

KACST involves the development of science and technology policies, data collection, funding of external research and services such as the patent office.

King Abdullah Rd, Al Raed, Riyadh 12354, Saudi Arabia, CEO Omar Al Shabaan

For more information, please visit: https://kacst.gov.sa/

About The Garage – A KACST Startup Neighborhood

The Garage is a start-up neighborhood in King Abdulaziz City for Science and Technology (KACST), created to attract innovators, start-ups and disruptors from around the world to Saudi Arabia to build a pioneering ecosystem as a hub of international incubation.

The Garage brings together multiple stakeholders including KACST, the Ministry of Communications and Information Technology and SAFCSP to support entrepreneurs and strengthen the Saudi tech scene.

Le Garage is designed as a hybrid model that combines business incubators and startup accelerators within an open workspace. support business development by offering a wide range of matching events, acceleration support and business license in Saudi Arabia:

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