Saudi Arabia | Page 6

Hosted in Riyadh from March 9-13, 2023, the forum resulted in a great number of agreements and memorandums of understanding signed between investors, owners, and policymakers.

Saudi Arabia's Tourism Development Fund (TDF) and Impact46 reaffirm their commitment to supporting the Kingdom's Vision 2030.

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."

Accelerators typically run for a set period of time, ranging from a few weeks to a few months, and they often include a structured curriculum or program of events designed to assist startups in learning and growing.

Saudi Arabia is geared to reach its goal of 70% cashless transactions before 2025.

Since 2017, the number of local venture capitalists have ballooned, predominantly investing in seed-stage and early-stage startups.

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.

Paymennt co-founder Tarek Ghobar believes his entreprise is well-positioned to contribute towards Hala's vision of becoming a one-stop-shop for SMEs.

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

With 172,000 people confirmed to have visited the event, LEAP 2023 has been declared to be the world's largest technology event in terms of attendance.

The latest string of investments will be allocated across a plethora of sectors to help Saudi Arabia make greater strides towards digital transformation.

The huge investment packages are said to come with the full support of Saudi Arabia Crown Prince HRH Mohammed bin Salman bin Abdulaziz Al Saud, who remains committed to accelerating tech developments in Saudi Arabia.

With over 18 years of experience in digital entertainment, Butler is known to have pioneered the use of AI technology within the entertainment and media landscape.

Saudi Arabia will continue to be a jobseekers' market for many years to come, with the competition for skilled workers across various industries becoming fiercer than ever.

Wa'ed Ventures leading a US$14 million bridge round for Japanese startup Terra Drone is part of its agenda to invest in global companies.

Uvera's main product, Aurora, is a next-generation artificial intelligence of things device that can increase the shelf-life of fresh food up to 97% on average, within only 30 seconds and without using any chemicals.

"I cannot say this enough. There is nothing wrong with failure. Every lesson I have learnt, everything that has allowed me to excel in any way, came off the back of a big failure, when I thought that the world was ending- but it didn't."

"We will continue in the digital path and develop more digital products and services as we aspire to be our customers first choice."

OWS Saudi Arabia by King Abdullah Economic City and UAE-based global automotive service provider OWS is expected to create nearly 1,000 new jobs in Saudi Arabia.

With hopes to scale its services across the UAE and introduce new features, Klaim is also looking to move into the B2C market.