Riyadh – Sharikat Mubasher: Saudi-based RoomHour announced securing a $532,000 investment from the “Namu Hub” incubator and accelerator during the Biban24 Forum.

RoomHour offers an online hotel booking platform licensed by the Saudi Ministry of Tourism. t allows users to book short-term stays in hotel rooms and serviced apartments at more than 4,000 hotels in over 600 destinations, according to a press release.

The platform provides unique hourly booking options, rather than the traditional day or night stays.

“Namu Hub” incubator supports startups and entrepreneurs with financial and administrative consulting, project management, and co-working spaces. It also offers economic feasibility studies and helps build relationships in the startup ecosystem.

At the event, incubators like “Namu Hub” not only provided financial backing but also offered strategic support, business consulting, and networking opportunities, helping startups scale and thrive in the regional market.

Biban24 Forum is one of Saudi Arabia’s key startup events, aimed at fostering innovation and connecting entrepreneurs with investors and resources.

Additionally, it is organized by the Saudi Small and Medium Enterprises General Authority (Monsha’at) and serves as one of the Kingdom’s largest forums dedicated to startups and SMEs.

Held annually, it focuses on empowering entrepreneurs, connecting them with investors, and providing access to business development resources.