According to Foresight News, Outlier Ventures and Saudi Arabia's National Technology Development Program have announced a strategic partnership to launch a Web3 accelerator program in Riyadh. A memorandum of understanding has been signed, and the accelerator program is set to launch later this year as part of Saudi Arabia's 'Vision 2030' plan. The focus of the accelerator will be on supporting Saudi Arabian Web3 startups, with Outlier Ventures providing expertise in Web3 product development, physical structures, and token design. Startups selected for the accelerator program will receive mentorship and potential investment opportunities.