Saudi Arabia’s venture ecosystem boosts MENA funding

Saudi Arabia’s venture ecosystem boosts MENA funding

CAIRO: Saudi Arabia has solidified its position as a top destination for venture capital funding in the Middle East and North Africa thanks to a record-breaking end to 2023.

In December, the region witnessed an unprecedented influx of startup funding, amounting to $1.15 billion, according to Wamda’s monthly report in collaboration with Digital Digest. Saudi Arabia’s venture ecosystem boosts MENA funding