Middle East Venture Capital Deals (Q1 2023 - Q4 2024)

The Middle East's Venture Capital landscape faced significant challenges in 2024, with total funding dropping by 29% to US $1.5 billion. The UAE led in the number of transactions with 188 deals, while Saudi Arabia remained the largest market by value, attracting US $750 million in investments, down from US $1.4 billion the previous year.

This downturn comes at a critical time for Gulf governments aiming to diversify their economies away from oil. While the situation in the Middle East shows a slowdown in funding, it’s worth noting that other regions, like Southeast Asia, experienced even steeper declines, with VC funding down by 45%. The data highlights the volatility in the global venture capital market and underscores the challenges startups face in securing funding.