SVC – Saudi Arabia Venture Capital Report, Jan 2024

Saudi Arabia's venture capital ecosystem reached new heights in 2024. Under the guidance of Vision 2030 and with the support of a dynamic private sector, Saudi Arabia has created a thriving startup environment that attracts international attention. In 2024, innovative entrepreneurs and startups emerged in the Kingdom, transforming industries and attracting international investors. The Saudi venture capital ecosystem is rapidly evolving, as evidenced by the growth of international investments, the increase in corporate venture divisions, and the intensification of merger and acquisition activities.