Saudi Arabia Leads MENA in VC Investment in 2023

Saudi Arabia Ranks First in MENA for VC Funding in 2023

Saudi Arabia has achieved a remarkable milestone in the realm of venture capital funding in 2023. According to the MENA-based venture data platform, MAGNiTT, the Kingdom has secured the top position across the Middle East and North Africa (MENA) region for the first time. This significant accomplishment reflects the ongoing development that Saudi Arabia is witnessing in various economic and financial sectors, thanks to the ambitious Saudi Vision 2030 and its goals of strengthening the national economy.