Egyptian e-procurement solutions provider Teradix has been awarded a US$140,000 grant from the TAQADAM Accelerator programme at King Abdullah University of Science and Technology (KAUST) to support its strategic expansion into Saudi Arabia.
Founded in 2019 by Khaled Aboshady, Teradix offers a comprehensive suite of procurement solutions designed to boost savings and streamline operations for businesses of all sizes.
The startup has been awarded a US$140,000 grant from the prestigious TAQADAM Accelerator programme at KAUST to help it revolutionise procurement processes in the Saudi market. Teradix will use the grant to accelerate its growth trajectory and solidify its position as a key player in the e-procurement space.
“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.
