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Saudi Arabia sees a 770% growth in venture capital investments

RIYADH: Investments in Saudi Arabian startups grew by 770 percent in 2021, reaching a record-high of SR2 billion ($548 million), a new report showed. This was up from SR236 million in 2018, according to a Saudi Venture Capital Impact Report. It also revealed the number of investors in Saudi startups rose by 192 percent, reaching 76 in 2021, up from 26 three years earlier. SVC ....

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