Who We Are
Incubating Ideas, Launching Visions!
Based in Saudi Arabia, LAB7 is where innovators thrive and ideas are transformed from concept to reality. We’re more than a venture builder; we partner with entrepreneurs, and work with them from conceptualization to commercialization.Our facilities include advanced technological infrastructure and quality services to cultivate ideas, accelerate product development, and empower entrepreneurs to launch startups that will have a lasting impact.
Mission
We Fuel the Future: Where Visionary Ideas Ignite!
To serve as the leading launchpad for innovation, offering state-of-the-art infrastructure and venture building expertise, transforming innovative ideas into valuable, impactful solutions that address real-world problems.
Vision
Pioneering Prosperity Through Innovation
To be the global destination for developing disruptive technology startups leading to future prosperity.
Bring us your vision and we’ll shape it together
A Legacy Rooted in Progress
Named after Well Number 7 in Dammam, also known as the Prosperity Well, LAB7 is a symbol of the transformative power of discovery, innovation, and the boundless potential that lies beneath the surface.
1938
Commercial quantities of oil discovered at Dammam Well No. 7
1962
Crude oil production hits 5 billion barrels
1998
Shaybah field comes on-stream
2024
Launch of LAB7
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