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The “2022 Saudi Arabia Venture Capital Report” revealed that the funding deployed into Saudi Arabian startups grew by 72% to a record-high of $987M (SAR 3.701 ....
Startups in MENA attracted more than USD 1.2 billion in funding, a 64 percent YoY growth and a 12 percent increase from USD 1 billion raised in 2020. The UAE secured the largest share of transactions in the first half, Egypt was a close second with 24 percent of the share and USD 166 million in investment, followed by Saudi Arabia which stood at 21 percent and USD 168 million in investment. ....
Qatar FinTech Hub (QFTH), founded by Qatar Development Bank (QDB), to support the growth of the FinTech industry in Qatar, was ranked as the second top investor in FinTechs across the Mena region in the first quarter of 2021 by startups research and intelligence firm, MAGNiTT. ....