Wa’ed Ventures: Looking Back on the Last Decade of Saudi Arabia’s Start-up Ecosystem
By Fahad Alidi • 21 March 2023
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Over the past few years, the Saudi entrepreneurial ecosystem has undergone a transformational leap due to the unprecedented support from regulators, investors, and startup founders whom together established an unshakeable triplicity that placed the local innovation scene on the map.
The percentage of first-time founders multiplied across sectors and industries as Saudi Arabia’s tech sector expands exponentially with the country embracing its new position as the world’s 6th ranked country among the G20 countries in terms of market value. More than 19% of adults in Saudi Arabia have pursued entrepreneurial activities between 2021 and 2022, due in large part to the fact that over 90% of adults continue to see good opportunities to take
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