Funding Value and Deals by Country
20 May 2023•
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Saudi Arabia may be relatively new on its entrepreneurial and digital economy journey, but the Kingdom’s laser focus on developing a strong entrepreneurial ecosystem has helped start-up activity grow, and quickly.
Historically, Saudi Arabia has always trailed the UAE and Egypt’s startup ecosystems, but this changed in 2021, when Saudi Arabia became #2 in the Arab world in venture funding raised.
Saudi strengthened its 2nd place positioning in 2022, pulling further away from Egypt and closing in on the UAE.
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