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Asharq Al-Awsat
Asharq Al-Awsat
Business
Riyadh - Asharq Al-Awsat

Saudi Arabia’s Venture Capital Investments Achieve 770% Growth

Saudi Arabia Kingdom
A night view of Riyadh, Saudi Arabia. (AP)

A recent Saudi report revealed that the Kingdom’s venture capital investments achieved a growth of 770 percent, reaching a record-high of SAR 2 billion $548 million, up from SAR 236 million in 2018.

The Saudi Venture Capital Impact report also showed that the number of investors in Saudi startups rose by 192 percent, reaching 76 in 2021, up from 26 three years earlier.

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