Singapore’s PSA Ventures and Saudi Arabia, through its national industrial and logistics development programme, have signed an agreement to develop start-ups in the supply chain sector.
The partnership will identify, cultivate and invest in promising start-ups, while developing Minimum Viable products (MVPs) with a clear commercial potential, PSA Ventures said in a statement.
The focus will be on advanced port automation, green energy transition and data-driven digital solutions to improve efficiency and sustainability throughout the supply chain.
PSA Ventures is the new venture capital division of PSA International while the National Industrial Development and Logistics Program (NIDLP) is supported by the Saudi Ministry of Transport.
Translation by Giles Foster
