10 Hrs
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الاقتصادية
Saudi Arabia Leads 50% of Regional Venture Funding
Saudi Arabia accounts for more than half of the region’s venture capital investments, with the number of unicorn companies rising to nine, reflecting the growing attractiveness of the local entrepreneurship and technology investment ecosystem. Research highlights that the entrepreneurship ecosystem has developed significantly in recent years, supported by government programs and increased participation from both local and international investors, with more tech companies moving from startup to growth and expansion phases. During the "LEAP 2026" conference, investments and agreements worth nearly $15 billion were announced in artificial intelligence and digital infrastructure. Additionally, Saudi Arabia is working to transform the local market into a global production hub for tech companies by strengthening digital infrastructure and data centers, supporting the growth of startups, and localizing technologies, all aimed at enabling these companies to compete regionally and globally.
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