RAYH Innovations Launches in Saudi Arabia to Drive Venture Building and Digital Transformation
RAYH Innovations has officially announced the launch of its operations in the Kingdom of Saudi Arabia, positioning itself as a strategic Corporate Venture Builder that partners with major national companies, family offices, and government entities. The company’s mission is to transform the latent potential within these organizations into innovative startups aligned with the ambitious goals of Saudi Vision 2030.
According to the company’s founders, RAYH’s philosophy is built on the conviction that “the greatest opportunities do not always come from the outside, but often emerge from within organizations themselves.” By leveraging existing assets and activating internal technological and organizational capabilities, RAYH seeks to unlock new sources of growth and innovation across the Saudi business landscape.
The founding team—comprising Ahmed Althukair, Faisal Alabdulsalam, and Core Vision Investment—outlined the company’s mission to identify opportunities, create new ventures from within partner entities, and guide them through every stage of development. “We are not consultants,” the team emphasized. “We co-build with our partners at every step—from ideation and validation to launching a fully independent spinout company.”
As part of its long-term vision, RAYH Innovations aims to become a leading Saudi platform for venture creation and innovation, developing new business models that enhance national economic competitiveness and drive sustainable impact. By fostering innovation within strategic sectors, the company intends to help shape a vibrant entrepreneurial ecosystem that contributes to the Kingdom’s transformation into a diversified, knowledge-driven economy.