Saudi Arabia Startups Network

Happy 94th Saudi National Day! Today, we celebrate the remarkable achievements and rich heritage of Saudi Arabia. As the Kingdom continues its journey of growth and transformation, we are proud to contribute to its vision for a brighter, more prosperous future. Here's to unity, progress, and the enduring spirit of our nation. #SaudiNationalDay #KSA94 #ProudSaudi #Vision2030 Salem Bagami Mohamed Nawito Ali Raza Vijay Tirathrai Flat6Labs Jeddah Wamda ومضة RAED Ventures Wa'ed Ventures Arab News WAYA STV Saudi Venture Capital Investment Company Sanabil Investments Startup 500 Flat6Labs Jeddah

#SaudiArabia's ambitious drive towards #economic diversification and industrial self-sufficiency is significantly bolstered by strategic partnerships with global leaders, as illustrated by the recent $2 billion contract awarded to #Italy's Saipem by #Saudi aramco for the development of the #Marjan #oil #field. This collaboration underscores the Kingdom's commitment to fostering local industrial capabilities, leveraging international expertise, and advancing its #energy sector while creating sustainable #growth opportunities. ▪️The Marjan project is more than just an infrastructure development endeavor. It represents a concerted effort to nurture local talent, enhance technological proficiency, and embed advanced industrial practices into the #Saudi #economic #landscape. By entrusting #Saipem with engineering, procurement, construction, and installation of vital marine infrastructure, #SaudiArabia is not only ensuring the efficient development of its energy resources but also cultivating a #skilled #workforce and vibrant industrial base. ▪️This landmark contract signifies more than a #business #transaction; it exemplifies the Kingdom's #vision for a diversified, #knowledge-#based #economy. Through strategic international collaborations, Saudi Arabia is actively promoting technology transfer, knowledge sharing, and the localization of critical industries. This forward-thinking approach not only strengthens the Kingdom's energy sector but also lays a robust foundation for #future #growth and #prosperity in a rapidly evolving global landscape.

Saudi Real Estate Market Attracts Billionaire Adam Neumann to Develop 920 Residential Units in Riyadh Businessman Adam Neumann, founder of #Flow, is expanding his global footprint by launching new real estate projects in #SaudiArabia. Flow, a Miami-based real estate company, is partnering with local investors to develop and manage three residential buildings in #Riyadh, totaling approximately 920 residential units upon completion. According to sources familiar with the matter, Flow Real Estate has established a local entity to manage the #development and ownership of these properties. A spokesperson for Flow stated, "Saudi Arabia presents a significant investment opportunity in a vibrant and growing market. We are excited to bring our unique residential offerings to the region and meet the increasing demand." 🔸️Flow’s Establishment and Financial Backing Flow was founded by Adam Neumann after his departure from WeWork, with financial backing from Andreessen Horowitz, which invested $350 million in 2022. The company focuses on creating community-driven residential properties. 🔸️Real Estate Developments in Riyadh The first of the residential buildings in Riyadh has already opened, with full completion expected by the end of this year. The remaining two buildings are set to open by Q1 2025. These developments will feature furnished and unfurnished apartments available for long-term rent, catering to both local residents, expatriates, and corporations looking for employee housing. 🔸️Rental Prices and Unit Types In the completed building, the average monthly rent for a furnished apartment is approximately $4,262, while unfurnished units rent for $2,843 per month.

New Commercial Registration system in Saudi Arabia:

#SaudiArabia has achieved a significant milestone in its tourism sector, with inbound visitor spending surpassing 45 billion riyals during the first quarter of 2024. This remarkable figure represents a substantial 22.9% #growth compared to the same period in 2023, highlighting the increasing appeal of the Kingdom as a #tourist #destination. ▪️This surge in visitor spending has had a profound impact on the country's #travel account, which is a key component of its balance of payments. The Kingdom recorded a travel account surplus exceeding 24 billion riyals in the first quarter of 2024, signifying a notable 46% growth compared to the previous year. This surplus indicates that the Kingdom is not only attracting more tourists but also generating substantial revenue from their expenditures. ▪️The growth in inbound visitor spending is part of the continuous successes achieved by the Kingdom's tourism sector. By investing in infrastructure, diversifying its tourism offerings, and promoting its unique cultural #heritage, Saudi Arabia is successfully positioning itself as a leading global tourist destination. This achievement not only contributes to the diversification of the economy but also creates #new #job opportunities and fosters economic growth in the country. #Tourism #Hospitality

Applications Now Open for Cycle 4 of Riyadh Seed Program! 🚀 Flat6Labs RIYADH SEED PROGRAM is back to boost Saudi Arabian startups, enhance entrepreneurial skills, and foster innovation among the Saudi youth. This program aims to support high-growth potential startups, offering substantial seed funding annually to more than 20 Saudi startups over the next three years. Why Apply? 💰 SAR 500K Cash Funding 💸 Up to SAR 2.4M in Follow-on Funding 🌐 Networking and Investor Mixer Events ⚖️ Legal Support, Mentorship, and More Requirements: Full-time commitment for the 4-month program Residency in any city within KSA Apply now: https://hubs.li/Q02xGf7c0 Stay connected for more updates and insights from the bustling startup landscape of Saudi Arabia! Nour Edin El Shaeri Salem Bagami Mohamed Nawito Ali Raza Vijay Tirathrai Flat6Labs Jeddah Wamda ومضة RAED Ventures Wa'ed Ventures Arab News WAYA STV Saudi Venture Capital Investment Company Sanabil Investments Startup 500 Flat6Labs Jeddah LEAP #Startup #Entrepreneurship #SaudiArabia #SeedFunding #Innovation #Entrepreneurship #Innovation #SaudiArabia #VentureCapital #InvestmentTrends #MENAstartups #SaudiVision2030 #StartupGrowth #SaudiStartups #InvestmentNews #MENAInvestments

🚀 Saudi Venture Capital Soars: A Record-Breaking 2023 📈 Venture Capital Growth in Saudi Arabia: In 2023, Saudi Arabia's venture capital scene demonstrated remarkable growth, establishing the Kingdom as a dominant force in the MENA region's investment landscape. With an impressive $1.383 billion in capital deployed, the nation saw a 33% increase from the previous year, highlighting its pivotal role in regional venture activities. Key Highlights: 🌟 Stellar Growth: The total funding amount surged to $1.383 billion, capturing a staggering 52% of the entire MENA region’s venture capital, up from 30% in 2022. 📉 Shift in Deal Dynamics: Despite a 20% decrease in the number of deals, the focus shifted towards higher value MEGA deals, with four major transactions totaling $879 million in 2023 alone. 🥇 Leading the MENA Pack: Outperforming close competitors, Saudi Arabia not only topped the funding charts but significantly widened its lead over the UAE, with a $692 million advantage in 2023. 🏦 FinTech Flourishes: Dominating the investment landscape, FinTech secured 51% of the total capital, propelled by major funding rounds in companies like Tabby and Tamara. 🛒 E-Commerce on the Rise: Following closely, the E-Commerce sector also saw significant activity, bolstered by large deals involving companies like Floward and Nana | نعناع. Implications for the Startup Ecosystem: This investment surge underscores Saudi Arabia’s commitment to fostering a robust startup ecosystem, paving the way for innovative ventures and technological advancements. The strategic focus on high-value deals and key sectors like FinTech and E-Commerce is poised to fuel further growth, innovation, and diversification in the Kingdom's economy. 🔗 Stay Connected: For more insights and updates on the dynamic startup landscape of Saudi Arabia, stay tuned. Your gateway to understanding the transformative shifts in the regional venture capital scene starts here! 🌐 Source: SVC & MAGNiTT Nour Edin El Shaeri Salem Bagami Mohamed Nawito Ali Raza Vijay Tirathrai Flat6Labs Jeddah Wamda ومضة RAED Ventures Wa'ed Ventures Arab News WAYA STV Saudi Venture Capital Investment Company Sanabil Investments Startup 500 Flat6Labs Jeddah LEAP #SpaceInnovation #SaudiTech #Startups #Vision2030 #SpaceFuture #Entrepreneurship #Innovation #SaudiArabia #VentureCapital #InvestmentTrends #MENAstartups #SaudiVision2030 #StartupGrowth #SaudiStartups #InvestmentNews #MENAInvestments

🌟 Exciting Developments in Riyadh: BlackRock & PIF's Strategic Partnership! 🚀 BlackRock & PIF Partnership Unveiled:🌟 BlackRock Saudi Arabia and the Public Investment Fund (PIF) have inked a memorandum of understanding to create a Riyadh-based multi-asset investment platform. Anchored by an initial $5 billion investment from PIF, the platform, BlackRock Riyadh Investment Management (BRIM), signifies a major step in enhancing Saudi Arabia's financial landscape. Implications for Saudi's Startup Ecosystem: 🌐 The establishment of BRIM is poised to significantly impact the startup ecosystem in Saudi Arabia: - Increased Foreign Investment: The platform will attract foreign institutional investments, boosting the local market. - Diversification and Growth: By broadening the local capital markets, BRIM will provide startups with new avenues for funding and partnerships. - Talent Development: The initiative will foster knowledge sharing and develop local asset management talent, crucial for the burgeoning startup scene. - Stay tuned for more updates from the thriving startup landscape of Saudi Arabia! 📈 Read the full story: https://lnkd.in/dATiCp2k Nour Edin El Shaeri Salem Bagami Mohamed Nawito Ali Raza Vijay Tirathrai Flat6Labs Jeddah Wamda ومضة RAED Ventures Wa'ed Ventures Arab News WAYA STV Saudi Venture Capital Investment Company Sanabil Investments Startup 500 Flat6Labs Jeddah LEAP #SpaceInnovation #SaudiTech #Startups #Vision2030 #SpaceFuture #Entrepreneurship #Innovation #SaudiArabia #VentureCapital #InvestmentTrends #MENAstartups #SaudiVision2030 #StartupGrowth #SaudiStartups #InvestmentNews

🌌 Saudi Arabia's Leap into the Future of Space Innovation 🚀 Saudi Arabia to Launch a Centre for Space Futures In an exciting collaboration with the World Economic Forum, Saudi Arabia is set to inaugurate the Centre for Space Futures. This initiative, part of the Forum’s Fourth Industrial Revolution Network, aims to propel advancements in space technologies and sustainability on a global scale. Hosted by the وكالة الفضاء السعودية | Saudi Space Agency Agency, the Centre is expected to be a game-changer in how we harness space for the betterment of humanity. Impact on the Startup Ecosystem 🚀 Fostering Innovation: This Centre is not just about space; it's about fostering a breeding ground for innovation. Startups in the region can anticipate a surge in opportunities for partnerships and technological advancements. 🌍 Global Connectivity: With a focus on enhancing human connectivity through satellites and other technologies, startups have the chance to tap into new markets and create solutions that cater to a global audience. 🌱 Sustainability Ventures: As the Centre also addresses sustainability in space, startups in environmental tech and sustainability sectors will find new avenues to contribute and grow. 🔗 Opportunities for Growth: By aligning with Saudi Vision 2030, the Centre will significantly support the economic diversification and global engagement goals of the Kingdom, offering startups a robust platform to launch and scale innovative solutions. Stay connected for more updates and insights from Saudi Arabia’s bustling startup landscape as it takes a giant leap into space technologies and innovation! 🌟 🔍 Read the full article: https://lnkd.in/dSgrZG3m Nour Edin El Shaeri Salem Bagami Mohamed Nawito Ali Raza Vijay Tirathrai Flat6Labs Jeddah Wamda ومضة RAED Ventures Wa'ed Ventures Arab News WAYA STV Saudi Venture Capital Investment Company Sanabil Investments Startup 500 Flat6Labs Jeddah LEAP #SpaceInnovation #SaudiTech #Startups #Vision2030 #SpaceFuture #Entrepreneurship #Innovation #SaudiArabia #VentureCapital #InvestmentTrends #MENAstartups #SaudiVision2030 #StartupGrowth #SaudiStartups #InvestmentNews

🚀 Saudi Arabia's Startup Funding Update for March 2024: A Beacon of Innovation and Growth 🌟 The entrepreneurial spirit in Saudi Arabia is thriving, with a series of funding achievements across various sectors: 🍲 Barakah's FoodTech Revolution: Saudi-based Barakah secures funding from Germany's FoodLabs, aiming to combat food waste and expand across the GCC. 🖥️ Zetta Technologies' DaaS Innovation: With a $1.5M pre-Seed round led by Hambro Perks Oryx Fund, Zetta Technologies is redefining device management for businesses. ⚽ Grintafy Technologies's SportsTech Leap: Partnering with Chiliz, Grintafy is set to accelerate its Web3 transition and global growth. 🍽️ Kitchenara's Culinary Journey: Securing $380,000, Kitchenara is set to revolutionize food delivery with video reviews and personalized suggestions. 💼 Rakeez holding Financial Solutions: With a $2M Seed round led by Core Vision Investment, Rakeez Capital is poised to innovate Sukuk issuance and expand its AI capabilities. 📚 Classera's Educational Expansion: Acquiring Expert Solutions, Classera enhances its edtech ecosystem for comprehensive learning experiences. 💰 SVC's Strategic Investment: Contributing $30M to Olive Rock Partners Fund I, SVC supports SMEs in key industries. 🔨 Mazadak | مزادك's Auction Innovation: Raising $10M led by Revival Lab, Mazadak simplifies the bidding process with its e-commerce platform. 💹 RABEH || رابح's Fintech Evolution: Closing an $800,000 Seed round, Rabeh enhances trading experiences with AI and data analysis. 🛒 Salla E-Commerce Platform's E-commerce Milestone: With a $130M pre-IPO investment led by Investcorp, along with Sanabil Investments and STV., Salla is set to scale its SaaS platform for online shops. 🌐 Moyasar ميسر 's Fintech Success: Closing a $21M round on the sidelines of the LEAP conference, Moyasar strengthens its position as a leading payment solutions provider in KSA. 📚 HAD's Edtech Vision: Raising a $5M pre-seed round led by Dar Al Majed Investment, HAD aims to revolutionize educational technology with its dedicated business studio and innovative products. These achievements reflect the vibrant startup landscape in Saudi Arabia, promising a future of innovation, expansion, and global impact. Stay tuned for more updates from the region's bustling entrepreneurial scene! Keep an eye on this space for more updates from the burgeoning startup ecosystem in Saudi Arabia! 🌟 Nour Edin El Shaeri Ali Raza Vijay Tirathrai Flat6Labs Jeddah Wamda ومضة RAED Ventures Wa'ed Ventures Arab News WAYA STV Saudi Venture Capital Investment Company Sanabil Investments Startup 500 Flat6Labs Jeddah LEAP #Innovation #Entrepreneurship #SaudiArabia #VentureCapital #Startups #SaudiVision2030 #InvestmentTrends #Innovation #MENAstartups #Innovation #SaudiVision2030 #StartupGrowth #Entrepreneurship #SaudiStartups #InvestmentNews #Innovation #Entrepreneurship