Erika Masako Welch | Page 2

Of the 306 scaleups that are headquartered in Dubai, 64 were added in 2022, indicating an acceleration of scaleup activity in the city.

A new report published by Lucidity Insights in partnership with Entrepreneur Middle East and Nigerian fintech player NowNow details the the fintech opportunity in Africa.

Entrepreneur Middle East and Lucidity Insights partnered with Diriyah Company to launch a special report titled, "Diriyah And The Giga Projects Defining The New Saudi Arabia."

The Vision 2030 is based on three pillars that would transform the Kingdom economically and socially: an ambitious nation, a thriving economy, and a vibrant society.

Saudi Arabia is a large emerging market consisting of a young, tech-hungry consumer base with great infrastructure in place to satiate that appetite.

As the market matures, investors need to be careful to allocate larger portions of their funds to invest in subsequent rounds with their startups, or to raise additional funds to write bigger checks.

To provide an overview of some of the most important stakeholders in Saudi Arabia's startup ecosystem, here's a non-exhaustive list of 11 organizations and institutions.

"I've noticed that many women hesitate, and want to 'be better prepared' before they start anything. Today, my biggest piece of advice is to just start."

Wa'ed Ventures is a US$500 million venture fund investing in the next generation of transformative startups which are taking advantage of disruptive technologies.

"We are backing the Asanas, Stripes, and PayPals of the Saudi market."

With over US$800 million in capital, STV backs and scales the region's most exciting and disruptive technology companies, primarily focused on growth-stage technology.

Saudi Venture Capital Company is a government-backed investment company with US$1.5 billion in assets under management, aiming to stimulate and sustain financing for startups and SMEs from pre-seed to pre-initial public offering.

Jahez achieved this stellar exit within five years of establishing itself, while delivering a cumulative 100 million meals to Saudi customers through 19,900 merchants and 52,400 delivery partners.

This list has been compiled for (Saudi) startup founders to get familiar with- in case you might approach them in the future, to assess their impact on your cap table.

37% of Hala Ventures' portfolio companies are Saudi-based, with 10 deals inked in the Kingdom so far.

For a startup ecosystem still in its infancy, and for a country that traditionally had very few women in the general workforce to begin with, it's remarkable how far KSA has come in such a short period of time.

Saudi Arabia may be relatively new on its entrepreneurial and digital economy journey, but the Kingdom's laser focus on developing a strong entrepreneurial ecosystem has helped startup activity grow, and quickly.

Hazen.ai is a company that uses computer vision and deep learning to design intelligent traffic analytic software to help reduce road accidents.

Since its establishment in 2016 in Dammam, Vision Ventures has invested in 47 companies, 20 of which are Saudi-based.

"The good news is that we are seeing a gradual evolution and shift, and we hope the next wave of VCs will fill these white spaces."

The beta version of itsnuqtah.com was launched in September 2022, hosting hundreds of live non-fungible tokens (NFTs) and with 3000+ users on a waitlist.

Many international VCs that have started to keep an eye on the Saudi market are also assessing it as a potential market for their international portfolio companies.

Archireef combines expertise in marine biology, and the latest technologies in 3D printing techniques, and material science to create artificial habitats that are best suited for threatened marine life.

The new report is packed full of insights and data, as well as opinions from thought leaders in Saudi Arabia.

Dubai Chamber of Digital Economy has published a report on the strategy leading to the goals of the Dubai Economic Agenda (D33).

The 1970s is when trade completely changed for the UAE with the inauguration of Port Rashid in 1972, followed by the inauguration of Jebel Ali port in 1979.

Trade, as a sector, would only account for 7% of GHG emissions; however, the impact from various industries that participate in trade plays a large role, because they account for nearly 30% of GHG emissions.

International trade has seen extraordinary growth since the 1960s when it represented less than 10% of global GDP to over 20% since early 2000s.

Technology has played a role across each of the paths in the value chain with an aim to achieve both speed and efficiency.

The growth of international trade has been impressive, and exports now comprise close to a quarter of the global gross domestic product