RIYADH: The Future Investment Initiative Institute on Wednesday signed an agreement with the Saudi British Joint Business Council to become a founding partner of the Saudi/UK Tech Hub and contribute to the project鈥檚 startup costs.

The tech hub will link Saudi and UK tech entrepreneurs and innovation hubs with potential partners and investors through a virtual platform, joint events and a business growth program. It will help to connect Saudi and British startups and scale-ups in key sectors, promote knowledge sharing and increase deal flow.

Speaking at the singing ceremony, Richard Attias, CEO of the FII Institute said: 鈥淭he UK 鈥� home to many of humanity鈥檚 greatest inventions 鈥� will bring the best of what it knows to the Kingdom.鈥�

The Saudi Ministry of Communications and IT and the British government鈥檚 Science and Innovation Network have pledged their support to the tech hub.  

Chris Innes-Hopkins, executive director of the Saudi British Joint Business Council, said the Saudi/UK Tech Hub builds on great opportunities for collaboration between the UK and Saudi technology sectors including fintech, clean tech and healt htech.

鈥淲e look forward to working closely with the FII on implementation,鈥� he added.