Saudi Press

Saudi Arabia and the world

Wednesday, Jul 01, 2026

Saudi Arabia’s Public Investment Fund Allocates $5 Billion to Domestic Tech and AI Startups

The Public Investment Fund has committed an additional $5 billion to a venture capital programme aimed at strengthening Saudi Arabia’s domestic technology and artificial intelligence startup ecosystem. The initiative is part of a wider push to position Riyadh as a regional hub for innovation and high-growth digital industries.

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Saudi Press

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Saudi Press

Saudi Arabia and the world

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