RIYADH, Saudi Arabia — March 5, 2025 — Ailoo, the zero-commission ride platform, announced today that it has been officially accepted into Monsha'at Innovation Center — Saudi Arabia's national incubation programme operated by the Small and Medium Enterprises General Authority (Monsha'at).
The incubation provides Ailoo with access to regulatory support, mentorship networks, and alignment with Saudi Vision 2030's goal of developing a diversified, technology-driven economy.
"Being accepted into Monsha'at is a formal validation of what we're building," said Abdul Kumshey, Founder & CEO of Ailoo. "The zero-commission model isn't just commercially sound — it directly serves Vision 2030's goal of empowering Saudi entrepreneurs and formalising the gig economy."
About Ailoo Ailoo is Saudi Arabia's zero-commission ride platform. Founded 2025 by Abdul Kumshey (Founder & CEO) and Hatim Hijazi (COO & Co-Founder). Headquartered in Riyadh.
Media Contact: press@ailoo.co