RIYADH: The Middle East’s startup ecosystem saw a steady flow of new funding and expansion activity this week, with investors backing companies across artificial intelligence, deep tech, fintech, and robotics.
Saudi Venture Capital Co. has announced joint investments worth $267 million across 17 venture capital, private equity, and private debt funds managed by 11 US-based fund managers.
The move is part of the Kingdom’s broader strategy to deepen economic ties with the US and boost investment in advanced-stage technology and innovation-driven firms.
According to the Saudi Press Agency, the initiative supports Vision 2030 goals by strengthening cross-border economic partnerships and fostering sustainable development through investment in strategic sectors such as AI, supply chains, and the digital economy.
Nabeel Koshak, CEO and board member of SVC, stated the investments reflect the private sector’s pivotal role in Saudi–US economic relations and represent a practical model for “advancing cross-border investment and knowledge transfer.”
