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Saudi startup ecosystem takes a huge leap

CAIRO: Saudi Arabia’s startup ecosystem took a giant leap in the world of funding and venture capital with seven investment firms earmarked $636 million to stimulate innovation and entrepreneurship in the Kingdom. The announcements were made during the LEAP2023 held in Riyadh last week. Saudi and regional venture capital firms launched massive funding programs to support
Saudi Arabia Al Qahirah Ar Riya Richard Schrems Mohammad Al Sabeeh Sami Alhelwah

LEAP 2023 attracts funds worth $2.43bn for tech startups

RIYADH: Investment programs worth $2.43 billion were announced on the third day of the Saudi tech event LEAP 2023, following on from the $9 billion in deals revealed on the event's first day. The new funding announced on Wednesday will support the growth of emerging technology companies in Saudi Arabia. This is in addition to eight other investment funds worth $646 million
Ar Riya Saudi Arabia Merak Fund Riyad Bank National Technology Development Program Camel Lab

LEAP announces 8 investment funds worth $646m

RIYADH: Investment funds are set to plough $646 million into Saudi Arabia’s digital sector to boost innovation and entrepreneurship. The eight projects will target the growth of start-ups and medium-sized companies as they ignite competition in the fields of research, development and innovation. The Ministry of Communications and Information Technology announced the new funds
Saudi Arabia Ar Riya Ventures Co Al Sulaiman Group Saudi Investment Bank Information Technology

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