In the first half of 2022 alone, VC (venture capital) funding in Saudi Arabia grew more than threefold, outshining the whole of 2021, according to a report released by startup data platform Magnitt.
RIYADH: Saudi Arabia has been one of the top-performing markets in the venture capital space in the Middle East and North Africa, said a leading venture capital player. According to Mohammed Al-Zubi, the founder of Saudi venture capital firm Nama Ventures, the Kingdom’s position can be attributed to four main factors. The first factor was the unparalleled support by the