Riyadh - Sharikat Mubasher: COLABS, a leading venture-backed workspace and entrepreneurial community platform in Pakistan, is set to open a new office in Riyadh within the upcoming months, in partnership with Waseel Investment and Shorooq.
The Riyadh office will help COLABS expand its operations in the Middle East and North Africa, and Pakistan (MENAP) region, connecting the Saudi capital and companies with startups and talent across emerging markets, the company announced in a statement today.
Faisal Al Rashed, Director of Investment at Waseel Partners, said: “This collaboration represents more than an investment; it's a bridge between two thriving ecosystems. Together, we'll help bring more Pakistani startups and businesses to Saudi Arabia, and open doors for Saudi entrepreneurs looking to connect with talent and innovation across Pakistan."
Meanwhile, Shane Shin, Founding Partner at Shorooq, commented: “The new investment marks Shorooq's third time backing COLABS, reinforcing its long-term confidence in the company's regional vision and ability to execute. The team has built one of the most impactful entrepreneurial platforms in Pakistan, and their move into Saudi Arabia is just the start of a much larger regional opportunity."
COLABS’ expansion into Saudi Arabia is expected to strengthen business and investment ties between the two countries, with a shared focus on youth development, industrialization, and technological collaboration.
