Riyadh has climbed the ranks to become a top 5 startup hub in the Middle East and North Africa (MENA) according to the latest Global Startup Ecosystem Report. This positions Riyadh as a leading player not just regionally, but also globally as a top emerging ecosystem!
The MENA region is experiencing a startup boom, with Dubai and Abu Dhabi also making strong showings. Saudi Arabia, in particular, is a frontrunner in this growth, with a thriving ecosystem exceeding $11 billion and a focus on attracting startups through AI development and enticing incentives.
Investors are taking notice too, with MENA startups securing over $429 million in funding this quarter, with Riyadh leading the way!
This is an exciting time for the MENA startup scene, and Riyadh is at the heart of it. Stay tuned for more updates on this thriving region!
Source: https://economysaudiarabia.com/news/riyadh-among-top-5-startup-ecosystems-in-mena-region-report/
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