Venture Capital Investment: Saudi Arabia Maintains First Rank Across MENA In 2024

Saudi Arabia has maintained its first rank across MENA in terms of Venture Capital (VC) funding in 2024. The "2024 Emerging Markets Venture Capital Report," published by the venture data platform MAGNiTT, revealed that Saudi Arabia marked a total venture capital deployment of $750 million.

The report indicates that Saudi Arabia secured the highest share of total VC funding in the MENA region, comprising 40% of the total capital deployed in the region. Saudi Arabia set a new record with 178 VC deals in 2024. This highlights the attractiveness of the Saudi market and solidifies the country's position as the largest economy in MENA. The achievement also underscores the development Saudi Arabia is witnessing across various sectors, aligned with the objectives of Saudi Vision 2030 aimed at strengthening the national economy.