MIT REAP Team King Abdullah Economic City’s (KAEC) focus is on King Abdullah Economic City, which is located along the coast of the Red Sea, about 100 km north of Jeddah. The Team is Championed by the SME Authority and Prince Mohammad Bin Salman College (MBSC). It also has strong representation from the Economic Cities Authority and Artista.
Innovation Ecosystem Stakeholder Model
Champion Head of Development, MBS College
Champion Vice Governor, SME Authority
Funding Supervisor, SME Authority
Vice Governor, Ease of Doing Business, SME Authority
CEO of Namaa Almunawara
General Manager, SME Authority
Director General, Economic Cities Authority
CEO, MiSK Foundation
Founder & CEO, Lomar
Challenge & Opportunity:
Strategy & Action
Core Regional Metrics
Economic & Social Progress
Social progress and economic prosperity as a collective measure of development in a region.
Innovation-Driven Entrepreneurial Ecosystem
Innovation-Driven Entrepreneurial Ecosystems are regional environments that effectively support startups focused on addressing global markets based on technological, process or business model innovation.