Riyadh – Sharikat Mubasher: The Garage, Saudi Arabia’s leading startup hub, announced that the combined valuation of its incubated and accelerated startups has surpassed SAR 3.7 billion ($986 million), on X.com.

The hub, launched at LEAP 2022, plays a key role in driving innovation and entrepreneurship across diverse technology sectors.

Since its inception, The Garage has supported more than 600 local and international startups from over 60 countries, creating over 7,000 jobs in the process. Its dual programs—the Accelerator, designed for companies moving beyond the prototype stage, and the Incubator, focused on early-stage deep tech startups—are central to its mission of fast-tracking growth.

In addition to mentorship and growth support, The Garage provides startups with access to investors, participation in major global events, modern co-working spaces, investment license facilitation, and specialized training programs with leading international partners.

The Garage Academy, launched in collaboration with Tuwaiq Academy, further equips entrepreneurs with advanced technical and business skills to boost their success.