As much of the world is fretting about spiraling inflation fueled by Russias war in Ukraine and potential recessions, oil averaging more than $100 a barrel this year means Saudi Arabias economy is the fastest growing in the Group of 20. AgTech startup Red Sea Farms is reducing the impact farming has in the arid Saudi Arabian desert by developing salt-tolerant plants and salty water greenhouses that lower emissions by cutting both fresh water consumption and electricity usage. Saudi Arabia is taking "impressive steps" to attract foreign investment and create employment in the private sector, according to a report by the International Monetary Fund earlier this month. Destination Deep Tech is a 3-month program that provides deep tech startups with everything they need to explore opportunities and expand in Saudi Arabia. Cellular IoT connections could reach 3.5 billion by 2023. 1. Not for dummies. Technology's news site of record. While food technology companies top the list, in terms of total funding value of $874.9 million. CURA builds & invests in technology startups. RIYADH: The 2022 Euromoney Saudi Arabia Conference will take place in Riyadh on Sept.7 to explore the latest trends in the regional and global financial markets. Saudi Arabias sovereign wealth fund is now an investor in a new virtual bank being launched in the Middle Eastern nation with a capital of SAR 1.65 billion (appr. The Saudi Arabia Startup Ecosystem is a regional Leader in innovation, ranked at number 72 globally, and shows a negative momentum -1 spots since 2021. | Join Founder Institute (FI.co), the world's most proven network to turn ideas into fundable startups, and startups into global businesses with our Core Accelerator Programs in Saudi Arabia. September 2022. 14 digital health ventures are based in Saudi Arabia. Founder Institute Saudi Arabia | 551 followers on LinkedIn. Founded locally in Saudi Arabia in 2008 by entrepreneur Abdullah Faisal Al-Othman, Geideas mission is to empower merchants of all types and sizes with the tools to start, manage and grow their business. The ranking was produced using LinkedIn data in four areas: employee growth, jobseeker interest, employee engagement, and their ability to attract talent from other top companies. These five noteworthy deep tech startups from King Abdullah University of Science and Technology (KAUST) are poised to change the way we live and advance the 2030 vision Five fintech companies made LinkedIns second annual top startups list featuring 10 companies in the UAE that it says is gaining attention. Destination Deep Tech is an unprecedented Saudi program that aims to create an innovation environment in the Kingdom. Tamara Crunchbase Website Twitter Facebook Linkedin Tamara offers a buy now, pay later The company aims to provide full support to founders to create startups that matter. Foreign Direct Investment | Join Founder Expert guides and analysis for UK and global business. Fintech and startups The Fintech sector dominates startups with 13 companies in the MENA, followed by the e-commerce sector with 11 companies. Komunal Komunal is a financial technology-based company We empower communities of talented & motivated founders to build global technology companies from Saudi Arabia. Bahrain's Labour Fund Tamkeen will sponsor the Bahrain Pavilion at the upcoming Gitex Exhibition 2022, which kicks off in Dubai on October 10. Quara Holding was formed in 1994 as a strategic ecosystem of real estate and financial, and technology ventures. Explore our healthcare research which analyzes the aspects being transformed by tech and creating opportunities for providers and payers. Noon Academy. MAGNiTT provides a full list of startups and early-stage companies in the Middle East, Africa, Pakistan and Turkey. $440 million). We empower communities of talented & motivated founders to build global technology companies from Saudi Arabia. Now, European startups are racing to become the region's early leader. Find a startup job in Saudi Arabia. Startups in Saudi Arabia also experience the same difficulties according to the Minister of Communication and Information Technology, Saudi Arabia, Ahmad Al Khowaiter. The PIF seeks to hold 30% of Almosafers capital, Seera Group said in a It raised $8.6 million from a group of investors in 2020, including AlSulaiman Group, Saudi Venture Capital Company (SVC) and 500 Startups. King Abdullah University of Science and Technology (KAUST), located near Jeddah, has launched an Innovation Fund to make VC investments in high-tech and e-learning startups, targeting Saudi startups from the seed stage (less than $200,000) to early-stage (up to $2 million). Funding for start-ups in the kingdom has risen by 102 percent in the first half of the year compared to the same time period RIYADH: Saudi Arabia needs large insurance companies capable of expanding to provide new services in the Kingdom, according to Minister of Finance Mohammed Al-Jadaan. Mobile New opportunities are waiting for you Join 100,000+ entrepreneurs buying and selling startups on the world's #1 acquisition marketplace. Saudi Arabia, recognizing the signicance of fostering an environment conducive to developing the role of small and medium enterprises (SMEs), is focusing on job creation and stimulating economic growth. The recently published Endeavor Insight report also revealed that Saudi Arabias startup rates for women in tech were higher than those for men. Saudi Arabia also ranks at Arabian Calibration Company Arabian Robotics Areb Ava Biokubes Brain AI Breez BrightSign Chaizer Cube Sat Arabia Edama Solutions Eden GeoTech Envirola Firnas Aero Graphene Crystal Hazen Intravides Iyris Natufia Near Motion NOMADD The $500 million tech venture capital (VC) fund is looking to back startup founders, young entrepreneurs, and companies in order to meet the demand for new technology. Jahez is the biggest locally owned player in the kingdom, competing with the likes of Uber Technologies Inc.-owned Careem Now and Delivery Hero SE-backed Hunger Station and Talabat. An EdTech startup that offers a variety of fun, family orientated programs that aim to bring families together in an interactive way to build unbreakable bonds. Noon Academy s main goal is to teach students the skills and habits they need to become the Best They Can Be.. 9. Foodics: A cloud-based restaurant management system. There are 0.01 startups/100k population in country where the total population is 34.2m. These initiatives include reforms designed to boost female participation in the labor force and sustainable management of oil revenues to prevent a return to previous oil-driven Red Sea Farms - Red Sea Farms is an agriculture technology company enabling the commercial farming of produce using primarily Taqadam is a top startup accelerator company in Saudi Arabia. ! According to the new tech industry report, published by MAGNiTT, Saudi Arabia ranked second after the UAE with 22% of the number of investors in 2020. Alex Zhavoronkov, PhD. Here is the list of best and high-performing companies that promotes digital learning in Saudi Arabia, including Riyadh and Jeddah. The participation rate of The latest tech news, startups, venture capital funding, top mobile apps, in-depth electronics reviews, gaming hardware, expert interviews, and useful technology tips. US President Joe Biden wants Saudi Arabia to increase production due to high prices in the United States. Hear from Riada Law Firm on the key legal considerations that Saudi Arabia scrambles to train hotel staff. MENAs top 4 most funded agri-tech startups Saudi Arabias foreign assets increased 2.4 percent from the first quarter of 2022, hitting SR4.9 trillion in the second quarter of 2022. Saudi Arabia is the 74st most innovative based on the popularity of high tech companies headquartered there according to our database. With Saudi Arabias Vision 2030 outline working up the pioneering scene, new companies in the Kingdom are undeniably steamed up to take their organizations to a higher level. Red Sea Farms India and Saudi Arabia have held discussions on the feasibility of institutionalising Rupee-Riyal trade, and introduction of UPI and Rupay cards in the kingdom, the commerce ministry said on Monday. In the third quarter of 2021, the participation of women in Top Saudi Arabian Agriculture Startups. India and Saudi Arabia have held discussions on the feasibility of institutionalising Rupee-Riyal trade, and introduction of UPI and Rupay cards in the kingdom, the commerce ministry said on Monday.These issues, among others, were discussed during the visit of Commerce and Industry Minister Piyush Goyal to Riyadh during September 18-19. With the country's strongest demographics, Zid. Know more: Saudi Arabias non-oil activities increased 8.2% from the second quarter of 2022 to the same period last year. Emkan Finance Crunchbase Website Twitter Facebook Linkedin Emkan Finance is an omnichannel Built Balleh.com & invested in Sakrobe. The Garage Disrupt, the leading technology destination in Saudi Arabia has signed a strategic partnership with Google for Startups, a startup program launched by the tech giant, to support more than 100 emerging technology companies around the world annually. Twice a year, we invite cohorts of ten early-stage startups to gather in our offices where we immerse them in 12 weeks of workshops, mentoring sessions, and networking events tailored to their needs. The agreement comes at a time when the UAE is set to host COP28 in 2023, and is part of the UAE works to achieve its goals of net-zero emissions by 2050 Hub71 and Siemens Energy to support tech startups to drive green investments Abu Dhabi, carbon emissions, clean energy, climate change, green investments, Hub71, Siemens Energy, tech startups StartUp Globally, there are about 1.35 million tech startups around the world. Theyre helping lift an economy transformed by energy markets. AgTech startup Red Sea Farms is reducing the impact farming has in the arid Saudi Arabian desert by developing salt-tolerant plants and salty water greenhouses that lower Press question mark to learn the rest of the keyboard shortcuts Saudi Arabia's latest pricing moves come as global oil markets remain extremely tight despite somewhat faltering demand. With collaborations with international startups, Saudi Arabia wants to develop a deep tech startup ecosystem that addresses healthcare, climate change, and food security in the kingdom. The company believes that the latest payments and commerce technology should be accessible, affordable, and intuitive for everyone. Education Aanaab Acadox Ajdur Classera Faheem Noon Academy Rwaq Abqary Academy Open Links In New Tab. The ventures have an average venture maturity score of 44.1. Hence, while many of them are tapping market opportunities within the Kingdom, expanding to other countries is not so simple. Due to their highly advanced technology, these startups have already started to expand in the MENA regions thriving market. The strong progress made during the pandemic in Saudi Arabias digital transformation and economic diversification is certain to continue past the end of this year. In total, $2.10M of digital health venture capital has been raised across 2 funding deals. Since its establishment, more than 130 startups have had access to its mentorship, boot camps, and training programs which run for six months. Techloy Saudi Arabia-based recruitment platform Elevatus nets $10.5 million in Series A Funding Round Sep 21, 2022 ELEVATUS raised $10,500,000 / Series A from Global Ventures RIYADH: King Salman Humanitarian Aid and Relief Centre (KS Relief) has launched a relief airlift to provide urgent assistance to flood victims in Pakistan. A new artificial intelligence center is being planned in Saudi Arabia. The startup tech-scene for Saudi Arabia is growing by the day, and its ecosystem are producing some exciting startups utilizing technology such as: IoT, SaaS, AgTech, AI, Expertly curated to match serious buyers with pre-vetted startups of all sizes. Discover startups in different industries and the investments made. An event organized by Qatar Development Bank, Qatar Financial Centre (QFC) Authority and sponsored by QNB Group and University of Doha for Science & Technology Congratulations to Sponixtech, Fatora online payments and Droobi Health It is always great to see Qatari startups taking stage and growing. Under Vision 2030, Saudi Arabia we have a proven track record of helping deep tech startups enhance their valuation, startups per year. Findings from the study also show that Saudi Arabia has a higher percentage of women in tech start-ups, than men. Five fintech companies made LinkedIns second annual top startups list featuring 10 companies in the UAE that it says is gaining attention. The Saudi Authority for Data and Artificial Intelligence and King Abdullah University for Science and Technology agreed to establish a center of excellence in data science and artificial intelligence in the kingdom, the official Saudi Press Agency reported.. Related Binance Review 2022 Saudi Arabias sovereign wealth fund, the Public Investment Fund, has signed a non-binding deal with Seera Group Holding to acquire a SR3.75 billion ($1 billion) stake in its travel unit Almosafer. Saudi Arabia has been pumping its oil riches into a global portfolio of investments spanning technology giants and startups, American infrastructure, French hotels and steelmakers. These five noteworthy deep tech startups from King Abdullah University of Science and Technology (KAUST) are poised to change the way we live and advance the 2030 vision through innovation in the agriculture, robotics, energy and environmental fields. Filters Demographics Founder Gender Male Female Funding Information Funded 44. GET UPDATED ABOUT EVENTS Email Address * Full Name * LATEST NEWS Saudi Arabia Joins the Global Race to AI LeadershipSeptember 19,2019 September 10,2017 At Fintech Buddy Saudi Arabia, our legal and financial services team helps your business reach its full potential and helps to reach their goals. 1) Red Sea Farms: Agriculture with salty water KAUST FII Institute Think Tanks FII Institute is a global nonprofit foundation with an investment arm and one agenda: #ImpactOnHumanity The visit was in honor of the late British monarch, and the man tweeted a video of himself at the holiest location in Islam. Cube Sat Arabia Edama Solutions Eden GeoTech Envirola Firnas Aero Graphene Crystal Hazen Intravides Iyris Natufia Near Motion NOMADD Nommas 7 Top EdTech Startups & Companies (Saudi Arabia) Commercial Real Estate companies have been making some huge strides over the last year with innovations driven by both established For any entreprenuer starting a fintech company in Saudi Arabia or expanding their fintech company into Saudi Arabia, it is important to understand the legal landscape and what is required. Founder Institute Saudi Arabia | 551 followers on LinkedIn. The report pointed out that 500 Startups, which is backed by the 500 Falcons, was the On the back of another quarter of growth, with its consumer brand Almosafer recording the best quarter in its history for travel bookings, Riyadh, Saudi Arabia-based Seera Group is looking to expand aggressively into the tours and activities sector through its joint venture with Klook.. Muzzammil Ahussain, executive vice president, told WiT that the 50/50 Saudi Arabia has emerged as a rising star in the regions growing startup landscape. Press J to jump to the feed. Press question mark The King Abdullah Financial District (KAFD) in June, 2022.