parachute16 Expands in Riyadh: A New Home for Founders, Innovation, and Regional Growth

Apr 26, 2026

parachute16 is thrilled to announce the opening of the p16 hub in Riyadh, While we have proudly operated in Saudi Arabia for years, this step marks a significant step forward in our mission to serve founders, elevate innovation, and contribute to the rapidly growing entrepreneurship landscape across the Kingdom.

Saudi Arabia today stands at the forefront of regional innovation, a place where founders, investors, enablers, and global partners are actively shaping the future. As the Kingdom continues to unlock new opportunities under Vision 2030, our presence on the ground has only grown stronger. This is a natural evolution of our journey, allowing us to stay even closer to the founders and partners who inspire us every day.


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p16 hub

A space built for founders. Designed for innovation. Ready for what’s next.

This new p16 hub is more than a workspace; it is a hub designed for collaboration, creativity, and real growth. A place where:

  • Founders can connect with experts, mentors, and investors

  • Teams can build, test, and accelerate ideas

  • Partners can collaborate on programs and regional initiatives

  • Innovation can be experienced, not just discussed


From hosting workshops and accelerators to facilitating founder meetups and ecosystem gatherings, this p16 hub will act as a launchpad for programs that support talent, strengthen capacity, and unlock new opportunities across Saudi Arabia and beyond.


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A Strategic Anchor for Regional and Global Connectivity

With programs running across Saudi Arabia, Jordan, Qatar, the UAE, Europe, and beyond, parachute16 has become a bridge between multiple innovation ecosystems. This expanded presence in Riyadh reinforces our commitment to:


  • Connecting founders with markets across the GCC, MENA, and Europe

  • Facilitating investment access and cross-border opportunities

  • Building deep partnerships with leading institutions and government entities

  • Supporting startups as they prepare for regional and global expansion


The p16 hub positions parachute16 as a long-term partner in the Kingdom’s entrepreneurship journey, fully aligned with the country’s ambition to cultivate one of the strongest startup ecosystems in the world.


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A New Chapter in Our Journey

We would not be here without the trust and collaboration of our partners, enablers, and the incredible founders we work with every day. Your support has fueled our growth and shaped our mission.

This new p16 hub represents a new chapter with bigger ambitions, stronger collaborations, and deeper impact across Saudi Arabia and the region.

We can’t wait to welcome you to our new home in Riyadh.

If you’d like to visit the p16 hub or use the space for a meeting, workshop, or community event, we’d love to host you. And if you’re exploring a partnership, program idea, or collaboration, reach out and let’s build something meaningful together.

you can also visit the p16 hub website here : https://www.parachute16.com/p16-hub

📍 Location: Riyadh, Saudi Arabia


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