Venture capital continues to grow in Saudi Arabia, according to a report released Wednesday.
The data analytics platform MAGNiTT said there was $987 million invested in Saudi startups in 2022. This was the most ever and constituted a 72% increase from 2021.The number of newly registered investors in Saudi Arabia last year was 104, which was an increase of 30% from 2021, the official Saudi Press Agency reported Thursday.