Business France launches the 1^st edition of French Fab Booster program in KSA to support Saudi industrial transformation

Saudi Arabia, 14 November 2022: Business France, the national agency supporting the international development of the French economy, is launching, in support with the National Industrial Development and Logistics program (NIDLP), the French Fab Booster, a scale-up program dedicated to French innovative companies keen to establish in Saudi Arabia and become a major player of the Saudi Vision 2030.

This first French-Saudi Accelerator program includes French innovative companies that aim to support the Saudi Industrial Revolution, in the light of the recent National Industrial Strategy that seeks to triple manufacturing GDP by 2030. As an intensive business program focused fast-growing companies in the areas of Industry 4.0, It gives access to mentorship, decision-makers, and Saudi investors, while providing specific tools to develop business in the Kingdom. Also known as “French Fab Booster,” this accelerator program is divided into four phases within a total duration of nine months. From go-to-market preparation, bootcamp, coaching, to B2B business meetings with key local partners, and curated matchmaking sessions with local investors, Business France, alongside a Saudi jury, selected 8 start-ups and a part of Fives group activities providing innovative solutions in smart construction management, smart materials, green building, and optimization.

A major symposium that brings together high-profile French-Saudi industrialists to help the Kingdom become a sustainable industrial power

With a 10-day immersion program across Saudi Arabia, the program is starting on a high note with a symposium to tackle the topic of sustainability and the 4th industrial revolution with main institutional and private actors such as PIF, Saudi Electricity Company, Saudi Aramco, Maaden…  Collective visits in Riyadh, Jubail, and Damam with individual B2B meetings between French & Saudi industrials are scheduled to happen to deepen strategic ties between the France & KSA.

H.E Ludovic Pouille, ambassador of France to the Kingdom of Saudi Arabia on the French Fab Booster Acceleration program “After being selected by Top C-Levels Saudi Jury composed by industrialist, entrepreneurs, investment funds, 10 starts up have now embarked on the Saudi journey with the objective to contribute to the “Made in Saudi“ and to open an office in the Kingdom.”