A New Chapter in an Expanding Story
In the bustling capital of **RIYADH, Saudi Arabia**, a fresh wave of entrepreneurial energy is about to unfold. **COLABS**, Pakistan's leading venture-backed workspace and vibrant community platform, has announced its exciting entry into Saudi Arabia with a flagship site in Riyadh. This move is more than just a strategic expansion—it is a symbolic bridge between two nations with growing business and investment ties.
Omar Shah, CEO and Co-Founder of COLABS, describes this moment as transformative. As Saudi Arabia’s *Vision 2030* fuels unprecedented momentum for innovation, Riyadh stands out as the natural gateway for COLABS' journey into the MENA region. With this expansion, the company aims to connect founders, nurture ecosystems, and merge the thriving entrepreneurial energies of Pakistan and Saudi Arabia.
The flagship site, set to open in the coming months, is just the first step in their MENA strategy. Backed by fresh capital and bolstered by a local partnership with **Waseel Investment**, COLABS is positioning itself to become a central hub for startups, creatives, and innovators. This collaboration promises to open channels for Pakistani businesses to flourish in Saudi Arabia, while offering Saudi entrepreneurs unprecedented access to Pakistani talent and ideas.
Riyadh – The Gateway to MENA Opportunities
Riyadh is not just a city; it’s a rapidly growing epicenter of entrepreneurship. Currently, **Saudi Arabia** boasts the fastest-growing startup ecosystem in the MENA region, attracting over $2 billion in venture funding in 2024 alone and holding over 40% of all regional deals. Such numbers speak volumes—the ground here is fertile, and COLABS is ready to plant innovative seeds.
By partnering with Waseel Partners and benefiting from investment rounds led by Shorooq and Waad VC, COLABS is stepping into a market that’s on track to see its coworking industry exceed $1 billion by 2025. This new expansion dovetails perfectly with Pakistan and Saudi Arabia’s shared vision for youth empowerment, industrial growth, and digital collaboration. As Federal Minister for IT & Telecommunication, Ms. Shaza Fatima Khawaja, expressed, COLABS’ arrival is yet another step toward deepening cross-border digital ties.
Beyond the desks and meeting rooms, COLABS stands out for creating cultural and creative spaces. From founder support initiatives to the Artist-in-Residence programme, their environments are designed to foster not only business but also human connections. In bringing this ethos to Saudi Arabia, COLABS aims to craft a space in Riyadh where ideas, art, and innovation flow seamlessly—a hub destined to redefine coworking across MENA.
COLABS’ bold leap into Riyadh is more than a business move—it’s a story about shared visions, united ambitions, and a future where **Saudi Arabia** and **Pakistan** lead the charge in regional innovation. With its flagship site on the horizon, COLABS isn’t just expanding; it’s weaving together two vibrant entrepreneurial worlds into one dynamic fabric.
