VENTURE CHAMP
Saudi Arabia startups leads MENA region VC investment
Government-owned SVC has committed $1 billion in investments since its inception in 2018 – rising to $4.8 billion with partner contributions
View of Riyadh city center from the terrace of the Al Faisaliah Tower. (Photo by Bernd von Jutrczenka/picture alliance via Getty Images)
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While Silicon Valley venture capitalists continue making pilgrimages to Saudi Arabia in search of cash, the kingdom’s native startups are drawing more investment from other countries than its Gulf peers.
For the second consecutive year, Saudi Arabia was on...