ISLAMABAD: A Pakistan-based co-working startup announced this week it is expanding into Saudi Arabia with the launch of its flagship site in Riyadh, vowing to bring technology, art and culture to workplaces across the Kingdom as well.
COLABS provides small and medium enterprises, entrepreneurs and freelancers with spaces and a tech platform to build and grow their businesses in the country.
The entity says it operates across more than 10 locations in Pakistan and supports a thriving ecosystem of 5,000 plus members from 300 companies, which include Ernst and Young, Coke and Digital Ocean. The company says it has over 250 partners, including major players like such as Spotify and Google.
“COLABS is expanding to Saudi Arabia with the launch of our flagship site in Riyadh,” the startup said in a message to media on Saturday. “It’s an exciting time for us as our expansion is in partnership with leading entities like Waseel Investment and Shorooq.”
The entity said its move to enter the Saudi market not only underscores investor confidence in COLABS, but is in alignment with Vision 2030 and aims to strengthen business and creative ties between Saudi Arabia and Pakistan.
“With a new funding round bringing our total raised to over $5m, COLABS is set to expand into the KSA market, replicating its success by promoting a culture of innovation, networking, and community building in Saudi Arabia,” it said.
