Teradix, an Egyptian provider of e-procurement solutions, has received a US$140,000 grant from King Abdullah University of Science and Technology’s (KAUST) TAQADAM Accelerator program to help with its strategic entry into Saudi Arabia.
Teradix, which was founded in 2019 by Khaled Aboshady, provides a full range of procurement solutions aimed at increasing savings and streamlining processes for companies of all kinds.
The firm has received a US$140,000 grant from KAUST’s esteemed TAQADAM Accelerator program to assist transform Saudi market procurement procedures. With the funding, Teradix will strengthen its position as a major force in the e-procurement industry and quicken its growth trajectory.
“Winning this grant from the TAQADAM Accelerator programme is a testament to our team’s sheer focus and efforts. It not only validates our innovative approach to e-procurement but also provides us with the vital resources to expand our presence in the Saudi market and deliver unparalleled value to our clients in the Kingdom,” Aboshady said.
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