Arab Press

بالشعب و للشعب
Saturday, Jul 05, 2025

Venture capital investments soar 244% in 1st half of 2022

Venture capital investments soar 244% in 1st half of 2022

The venture capital investments in Saudi Arabia recorded robust growth, reaching 244 percent during the first half of 2022 while compared to the same period last year.
The venture capital investments exceeded the total funds invested in Saudi startups in the whole of 2021, carrying out investments with a record value of SR2.19 billion in Saudi startups.

According to MAGNiTT Venture Capital (VC) Investment Report, the first half of 2022 witnessed unprecedented growth in venture capital investments in the Kingdom. MAGNiTT is a leading community and data platform for startups, investors, corporates and enablers.

The report indicated that although 2021 was a positive year for VCs in the Kingdom, the first half of 2022 broke a new record by posting a significant growth in the value of VC during the first half.

Due to the number of deals that Saudi Arabia has made, which amounted to 79, it has advanced from third place to second place among the countries of the Middle East and North Africa region, achieving a growth of 36 percent compared to the first half of 2021.

It is worth mentioning that the Kingdom has managed to maintain its position as the second largest market for attracting VC among the countries of the region during the first half of 2022.

While the VC system in Saudi Arabia also registered a new record participation of 88 investors during the first half of 2022, which achieved an increase in the number of investors by 126 percent compared to the first half of 2021, when 42 percent of investors were from outside the Kingdom.

Nabeel Koshak, CEO of the Saudi Venture Capital Company (SVC), stated that the establishment of Saudi VC in 2018 has directly contributed to the development of the VC ecosystem in the Kingdom, through which it contributed to stimulating investment in mutual funds, in addition to investing in partnership with groups of angel investors and fund managers.

Over the past years, Saudi Arabia has achieved record growth in venture investment, Koshak said, adding that they have launched several new initiatives recently within the framework of the Kingdom’s Vision 2030, which will help stimulate VC and the growth of emerging companies, as well as contribute to drive the emergence of more numbers of venture capital funds and angel investor groups.

"Saudi Arabia has always been an attractive market for entrepreneurs and investors, whether from inside or outside the Kingdom due to the huge size of this market." Koshak added.
Newsletter

Related Articles

Arab Press
0:00
0:00
Close
AI Raises Alarms Over Long-Term Job Security
Russia Formally Recognizes Taliban Government in Afghanistan
Saudi Arabia Maintains Ties with Iran Despite Israel Conflict
Mediators Edge Closer to Israel-Hamas Ceasefire Agreement
Germany Seeks Taliban Deal to Deport Afghan Migrants
Emirates Airline Expands Market Share with New $20 Million Campaign
Robots Compete in Football Tournament in China Amid Injuries
China Unveils Miniature Insect-Like Surveillance Drone
Marc Marquez Claims Victory at Dutch Grand Prix Amidst Family Misfortune
Iran Executes Alleged Israeli Spies and Arrests Hundreds Amid Post-War Crackdown
Trump Asserts Readiness for Further Strikes on Iran Amid Nuclear Tensions
Qatar Airways Clears Backlog of Passengers Following Missile Threats
Iran's Parliament Votes to Suspend Cooperation with Nuclear Watchdog
Trump Announces Upcoming US-Iran Meeting Amid Controversial Airstrikes
Trump Moves to Reshape Middle East Following Israel-Iran Conflict
NATO Leaders Endorse Plan for Increased Defence Spending
U.S. Crude Oil Prices Drop Below $65 Amid Market Volatility
“You Have 12 Hours to Flee”: Israeli Threat Campaign Targets Surviving Iranian Officials
Oman Set to Introduce Personal Income Tax, First in Gulf
Germany and Italy Under Pressure to Repatriate $245bn of Gold from US Vaults
Trump Praises Iran’s ‘Very Weak’ Response After U.S. Strikes and Presses Israel to Pursue Peace
WATCH: Israeli forces show the aftermath of a massive airstrike at Iran's Isfahan nuclear site
We have new information and breaking details to share about what is shaping up to be a historic air campaign tonight
Six Massive Bombs Dropped on Fordow; Trump: 'A Historic Moment for the U.S., Israel, and the World'
Fordow: Deeply Buried Iranian Enrichment Site in U.S.–Israel Crosshairs
United States Conducts Precision Strikes on Iran’s Nuclear Sites
US strikes Iran nuclear sites, Trump says
Pakistan to nominate Trump for Nobel Peace Prize.
Israel Confirms Assassination of Quds Force Commander in Tehran
16 Billion Login Credentials Leaked in Unprecedented Cybersecurity Breach
Senate hearing on who was 'really running' Biden White House kicks off
G7 Leaders Fail to Reach Consensus on Key Global Issues
Mass exodus in Tehran as millions try to flee following Trump’s evacuation order
Iranian Military Officers Reportedly Seek Contact with Reza Pahlavi, Signal Intent to Defect
China's Iranian Oil Imports Face Disruption Amid Escalating Middle East Tensions
Trump Demands Iran's Unconditional Surrender Amid Escalating Conflict
Israeli Airstrike Targets Iranian State TV in Central Tehran
President Trump is leaving the G7 summit early and has ordered the National Security Council to the Situation Room
Netanyahu Signals Potential Regime Change in Iran
Analysts Warn Iran May Resort to Unconventional Warfare
Iranian Regime Faces Existential Threat Amid Conflict
Energy Infrastructure Becomes War Zone in Middle East
Iran Conducts Ballistic Missile Launches Amid Heightened Tensions with Israel
Iran Signals Openness to Nuclear Negotiations Amid Ongoing Regional Tensions
Shock Within Iran’s Leadership: Khamenei’s Failed Plan to Launch 1,000 Missiles Against Israel
UK Deploys Jets to Middle East Amid Rising Tensions
Exiled Iranian Prince Reza Pahlavi Urges Overthrow of Khamenei Regime
Wreck of $17 Billion San José Galleon Identified Off Colombia After 300 Years
Iran Launches Extensive Missile Attack on Israel Following Israeli Strikes on Nuclear Sites
Israel Issues Ultimatum to Iran Over Potential Retaliation and Nuclear Facilities
×