COLABS Opens Riyadh Workspace Campus with Support from Leading Regional Investors
A community focused workspace platform addresses rising demand from startups and SMEs in Saudi Arabia while bridging the Saudi and Pakistani business ecosystems.
RIYADH, Saudi Arabia , 23 Apr 2026 (Viralpressreleases.com) -
COLABS, a Saudi headquartered workspace platform backed by regional investors, has launched a 4,000 square meter campus in northern Riyadh. This marks the company's official entry into Saudi Arabia, where competition is growing to serve the Kingdom's expanding startup and small business sector. The new campus is located in Al-Narjis.
COLABS has raised over $8 million to date from investors including Shorooq, Waseel Partners, Zayn VC, Indus Valley Capital, and Fatima Gobi Ventures. This launch signals the beginning of COLABS' international expansion. The company aims to become the largest workspace provider for startups and scaleups across the Middle East, North Africa, and Pakistan in the coming years.
The Narjis campus is designed to accommodate more than 500 members, including early stage startups, scaling companies, and enterprise teams. It features an event space for over 200 people, a rooftop terrace, a podcast studio, more than 10 meeting rooms, a daycare facility, and an on site café. COLABS will also run year round programming to encourage interaction among founders, investors, and operators.
Omar Shah, CEO of COLABS, said his company's focus is on building environments where ambitious companies can work more effectively and where networks strengthen over time. Faisal AlRashed, Managing Partner at Waseel, added that the partnership reflects deepening economic ties between Saudi Arabia and Pakistan and highlights the potential for greater cross border collaboration across the region.
Through its curatorial initiative, COLABS Creative Collective, art, design, and culture are embedded into the workspace experience, reflecting shared Saudi and Pakistani Islamic heritage. The company partners with local organizations such as the Abdul Monem Arts Foundation and Noura Arts. Beyond entrepreneurship, COLABS is committed to promoting culture, art, and music to deepen the cultural connection between the two nations.
About COLABS
COLABS builds and operates workspace campuses for startups, SMEs, and enterprise teams, combining physical infrastructure with curated communities and programming. Supported by investors like Shorooq, Waseel Partners, Fatima Gobi Ventures, and Indus Valley Capital, COLABS works alongside over 250 partners including EY, Digital Ocean, Canva, Coca Cola, Spotify, and Endeavor. It currently manages more than 500,000 square feet across over 10 locations, supporting 5,000 members and 300 companies.
About Waseel Partners
Waseel Partners is a Saudi privately owned investment group with a regional mandate, holding a diversified portfolio across the GCC and the broader Middle East. Its strategic focus includes capital markets, private equity, venture capital, and acquisitions. Key industry interests include food and beverage, finance, medical, technology, entertainment, hospitality, real estate, and automobile.
Media Contacts
- pressksa@colabs.sa
Category : Business, Finance, Employment & Investment
###