Significant Decline in Venture Capital Funding in Saudi Arabia and UAE Raises Concerns

In a striking shift in the investment landscape of the Gulf region, recent analysis reveals that venture capital (VC) funding in Saudi Arabia and the United Arab Emirates (UAE) has significantly decreased. According to data from Magnitt, a leading source of startup ecosystem insights in the Middle East, venture capital funding in these two pivotal countries dropped by over 50% in the last year, marking the steepest decline seen since 2019.

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