A summer training program conducted by the Technical and Vocational Training Corporation (TVTC) has attracted a large turnout of participants, spurring the TVTC to work on developing its next version.
On his recent visit to the Riyadh Technical College, TVTC Governor Ahmed Alfahaid said he received positive feedback from a number of trainees of the Otqen community training workshops, which he said reflects the program’s success.
Alfahaid said: “I visited Riyadh Technical College where five workshops in different specializations were being held. I am delighted and proud of our ambitious youth. The visit was positive and all suggestions to increase the number of courses have been accepted. The first phase of Otqen comprised six specializations, while the second phase — which will have ended this week — comprised 16 technical and vocational specializations for both males and females.”
He added: “Although these courses are being held in summer, we received more trainees than expected. We are now in the last week of Otqen and we are planning to take advantage of suggestions to improve the third phase.”
The number of applicants in the community program since the beginning of registrations in the second phase has reached over 14,700 — 48 percent males and 51 percent females.
Otqen provides 16 technical and vocational training courses held at the TVTC training units for people to improve their technical skills and help them with their daily needs.
A course about the maintenance of electronic devices has been taken by 2,398 trainees, proving to be the most popular program among men, while cosmology and hairdressing courses were taken by 1,765 female trainees. Meanwhile, the Photoshop and Illustrator program was attended by 1,643 trainees, the largest attendance comprising both men and women.
Registrations were made online on the TVTC website and open to applicants over the age of 15.
TVTC governor: Otqen training program a success
TVTC governor: Otqen training program a success
SVC invests $1.2bn and contributes to Kingdom’s pole position in VC funding
Saudi Venture Capital Company (SVC) released its annual “Impact Report,” which highlighted SVC’s role in the record growth rates achieved by the Saudi private capital ecosystem in 2025.
The report emphasized SVC’s impact on the Kingdom's private capital ecosystem (Venture Capital, Private Equity, Venture Debt, and Private Debt) since the company’s establishment in 2018.
The report showed that SVC's total committed investments since its inception have reached $1.2 billion, while its investments have stimulated partner commitments totaling $5.9 billion, or 4.9 times SVC’s commitment. This highlights SVC’s role as a key catalyst and market maker in the private capital ecosystem.
The report indicated that the number of funds backed by SVC increased to 65, while the number of startups and SMEs supported exceeded 1,000 across several vital sectors, including e-commerce, fintech, healthcare, education technologies, transport, and logistics.
Commenting on the report, Nora Alsarhan, Deputy CEO and Chief Investment Officer at SVC, said: “The report highlights the transformative progress happening across Saudi Arabia’s private capital ecosystem as a direct result of the initiatives and goals of the Saudi Vision 2030.”
She added: “We remain committed to developing investment programs, products, and developmental initiatives based on market needs analysis and aligned with leading global models, which enhance the competitiveness of the Saudi private capital ecosystem, support diversification of the national economy, and help achieve the goals of the Saudi Vision 2030.”
The report showed that SVC’s strategy contributed to the Kingdom’s maintaining its first rank in the MENA region for the third straight year in VC funding in 2025, reaching a historic total of $1.7 billion. This reflects the growth seen across various economic and financial sectors under Saudi Vision 2030, which aims to strengthen the national economy.
The report indicated that the number of venture capital investors has increased sixfold since SVC was founded in 2018, when the number did not exceed 34, reaching 200 in 2025. This reflects the depth of the market and the expansion of the institutional investor base in Saudi Arabia.
The report also highlighted the launch of the inaugural Private Capital Forum, a regional platform to advance dialogue on private capital. The forum brought together 1,070 participants and 59 speakers across 20 sessions, reaching 7.2 million people digitally and generating over 10.5 million media impressions.
