The volume of bold investment in the Kingdom, during the first half of 2023, amounted to about 1.67 billion riyals, leading the Middle East and North Africa.
According to the venture investment data platform in emerging companies, the Kingdom acquired the largest share, which amounted to 42% of the total venture investment in the Middle East and North Africa region in the first half of 2023 compared to 31% in 2022. The first half of 2023 also achieved the record for huge deals in the Kingdom, which amounted to 1.08 billion riyals, through two deals.
The e-commerce sector in the Kingdom is the highest in terms of the value of venture investment and the number of deals in the first half of 2023, as the sector acquired 83% of the total venture investment with a value of 1.38 billion riyals through 11 deals.
It is worth noting that SVC is a government investment company established in 2018 and affiliated with the Small and Medium Enterprises Bank, one of the development banks affiliated with the National Development Fund, which aims to stimulate and sustain financing startups and small and medium enterprises from the pre-establishment stage to before the initial public offering by investing in funds and investing in startups by investing $1.6 billion, while the number of funds in which the company invested reached 43 investment funds, and the number of startups and small and medium enterprises invested in reached 674. Company through 1,257 transactions.
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The volume of bold investment in the Kingdom = 1.67 billion riyals
The Kingdom’s share of bold investment in the Middle East 2023 = 42%
The Kingdom’s share of bold investment in the Middle East 2022 =
31%
The value of huge deals in the first half of 2023 = 1.08 billion riyals
The e-commerce sector in the Kingdom is the highest in terms of the value of bold investment
E-commerce investment percentage = 83%
The value of electronic commerce investments = 1.38 billion riyals
The number of deals = 11 deals.