Top Countries by Total Funding in MENA (ex. Israel) 2021 to 2023

25 March 2024•

By Lucidity Insights Research Team

The UAE has consistently witnessed funding over US$ 1 billion for the past three years and has maintained a top 2 position, along with Saudi Arabia.

Saudi Arabia startups received the most funding in 2023 on the back of Tabby, a fintech solution offering customers to make purchases and pay for those in instalments.

Egypt has been consistently ranking 3rd in terms of funding value, with 2023 seeing the lowest in the past three years.

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Lucidity Insights Research Team

We are a team of passionate Researchers, Data Junkies, and Story-Tellers that believe there is not enough quality business insights and compelling data analysis available in the marketplace, told in the formats users want. We want to give an insider's look into the industries, businesses and economies that are changing the world today, so our users can become inspired, empowered and equipped to run their businesses as best they can.

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