500 Startups venture capitalist is positive about growth in Saudi market

saudi startups venture market capitalist
Saudi Arabia

500 Startups venture capitalist is positive about growth in Saudi market

RIYADH: Amal Dokhan, who was one of the Kingdom's first female venture capitalists (VCs) and recently joined Californian venture capital firm 500 Startups as a partner, is confident that the Saudi market will continue to grow in 2021. A seasoned professional with experience in startup investments, corporate innovation and consulting in the Middle East and North Africa (MENA) region, Dokhan was in upbeat mood when she spoke to Arab News. "What we are seeing now in 2021, the numbers will definitely increase when it comes to Saudi Arabia and the region as well. The reason is that last year, when it was not expected for things to increase, they actually turned out to be a positive year for many companies and startups, especially in fintech (financial technology)," she said. "The year has started with a positive sign for startups and VCs. Lots of international investors are looking into the Saudi market, so lots of prosperity I think is coming on this year and we are going to witness a good number of the deals as well," she said. The Saudi VC market has matured and now it a good time for startups as the investment appetite is high. The VC…

Goldman Sachs thinks these 6 global stocks could rally by 60% or more

UAE adopts its largest legislative reform in its history via 40 new laws and changes

Goldman Sachs says these 6 energy stocks still have plenty of room to run

Sheikh Mohammed approves housing projects worth Dhs3.8 billion in Dubai