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Saudi Arabia boosts startup growth with innovative funding and support programs

Saudi Arabia's startup ecosystem is thriving, with five startups achieving unicorn status and 35 more poised to follow, driven by government initiatives under Vision 2030. Key sectors include AI, fintech, and tourism, supported by programs like Tomooh and the Billion-Dollar Companies Incentive Program, which enhance access to funding and market expansion. These efforts aim to diversify the economy and bolster the nation's global competitiveness.

moroccan superapp ora technologies secures funding to enhance digital services

Ajras secures funding to enhance its position in Saudi Arabia's rapidly growing proptech sector, projected to reach $109 billion by 2030. Meanwhile, ORA Technologies raises $1.9 million to expand its digital payment and food delivery services in Morocco, aiming to drive financial inclusion. Talabat acquires InstaShop for $32 million, strengthening its grocery and retail presence across MENA.

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