Saudi Investment Firm, Tech Invest Com, has Backed MENA Startups with $266M

Saudi Investment Firm, Tech Invest Com, has Backed MENA Startups with $266M

By Staff Writer, 31 October 2024
Man in traditional red and white keffiyeh and white thobe against white background.

Hussein Attar

Tech Invest Com CEO Hussein A. Attar has reaffirmed the firm’s commitment to fostering startup growth, aiming to transform small ventures into influential entities in the MENA region. Founded in 2005 and based in Saudi Arabia, Tech Invest Com has invested SAR 1 billion (~USD 266.25 million) in various technology startups, including notable firms like Foodics and Tamar.

Speaking to entArab during the FII8 conference, Attar highlighted that the company’s investment focus is on tech-driven startups, with a special interest in emerging innovations. At FII8, Tech Invest Com seeks to connect with industry leaders, investors, and entrepreneurs to explore opportunities for growth.

Attar noted that this year’s FII8 conference stands out, drawing together key decision-makers and fostering discussions on technologies such as artificial intelligence. He emphasized that these dialogues open doors to promising partnerships and investment deals, enhancing value for both investors and startups.

Reflecting on this year’s event, Attar praised FII8 as the most impactful conference edition to date, noting it provides essential insights into top investment sectors and trends that shape the future of entrepreneurship.

Source: EntArabi

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