Saudi Press

Saudi Arabia and the world
Tuesday, Jul 22, 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

Saudi Press
0:00
0:00
Close
Japanese Prime Minister Vows to Stay After Coalition Loses Upper House Majority
President Trump Diagnosed with Chronic Venous Insufficiency After Leg Swelling
Man Dies After Being Pulled Into MRI Machine Due to Metal Chain in New York Clinic
FIFA Pressured to Rethink World Cup Calendar Due to Climate Change
"Can You Hit Moscow?" Trump Asked Zelensky To Make Putin "Feel The Pain"
Nvidia Becomes World’s First Four‑Trillion‑Dollar Company Amid AI Boom
Iranian President Reportedly Injured During Israeli Strike on Secret Facility
Kurdistan Workers Party Takes Symbolic Step Towards Peace in Northern Iraq
BRICS Expands Membership with Indonesia and Ten New Partner Countries
Elon Musk Founds a Party Following a Poll on X: "You Wanted It – You Got It!"
AI Raises Alarms Over Long-Term Job Security
Saudi Arabia Maintains Ties with Iran Despite Israel Conflict
Russia Formally Recognizes Taliban Government in Afghanistan
Mediators Edge Closer to Israel-Hamas Ceasefire Agreement
Emirates Airline Expands Market Share with New $20 Million Campaign
House Oversight Committee Subpoenas Former Jill Biden Aide Amid Investigation into Alleged Concealment of President Biden's Cognitive Health
Amazon Reaches Major Automation Milestone with Over One Million Robots
Meta Announces Formation of Ambitious AI Unit, Meta Superintelligence Labs
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
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
Explosions Rock Doha as Iranian Missiles Target Qatar
“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
Iran Intensifies Crackdown on Alleged Mossad Operatives After Sabotage Claims
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
Vietnam Emerges as Luxury Yacht Destination for Ultra‑Rich
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
×