Building Resilience: Consolidation and the Future of the MENA Startup Ecosystem

By Ashok Raman, 04 July 2023

Previously: Exciting Investment Prospects: Tech Sectors Set to Shine in 2023


A time for consolidation

The last decade has seen tremendous growth in funding in the region, especially led by Dubai. However in 2022, valuations fell and investors switched focus and acquisitions increased. This trend is expected to continue in the short term, 2023 and 2024, as valuations are expected to continue to correct until they reach pre-pandemic levels. As Noor Sweid mentions, “M&A will also continue to serve as an alternative to raising funds in an illiquid market. This will consolidate the ecosystem overall and will result in a more

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