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Nabeel Koshak: Growing Saudi Arabia’s venture market Dr Nabeel Koshak, CEO of SVC Saudi Arabia’s government has been especially proactive in encouraging its entrepreneurship sector, the result of which is a fast-growing startup landscape. As part of its Vision 2030 plan, designed to diversify the kingdom’s economy, several government-led initiatives have helped to increase access to funding, ease founder journey and attract global talent to the country.  One seminal initiative is the Private Sector Stimulus (PSS) initiative, under which Monsha’at launched the Saudi Venture Capital Company (SVC), a fund of funds with SAR 2.8 billion ($750 million) to invest. With its sector-agnostic approach and its focus on addressing investment gaps in the Saudi market, SVC has so far invested $239 million in 17 venture funds and a total of $31 million as co-investment across 63 startups, covering various sectors from logistics and education, to management services and entertainment.

Saudi arabiaMinistry of investmentAl qahirahNabeel koshakSaudi venture capital companyCentral bankCapital market authorityPrivate sector stimulusSaudi visionசவுதி அரேபியாஅமைச்சகம் ஆஃப் முதலீடுநபீல் கோஷக்சவுதி துணிகர மூலதனம் நிறுவனம்மைய வங்கிமூலதனம் சந்தை அதிகாரம்ப்ரைவேட் துறை ஸ்டிம்யுலஸ்