Riyadh ranks 23, up 60 places, among top 100 emerging startup ecosystems globally
RIYADH — Saudi Arabia has made a remarkable achievement in the field of entrepreneurship, with the position of Riyadh, the capital city, advancing 60 places over the past three years, ranking 23rd among the top 100 emerging startup ecosystems globally.
This was revealed in the "Global Startup Ecosystem 2025" report issued by Startup Genome, in partnership with the Global Entrepreneurship Network.
According to the report, the Kingdom recorded the second-highest performance in the Middle East and North Africa region, ranking third in terms of funding volume and investment value versus impact, while ranking fourth in terms of the availability of skills and expertise, enhancing its ability to attract and retain entrepreneurial talent.
The report highlighted the promising sectors that contributed to these results, most notably artificial intelligence, financial technologies, cybersecurity, smart cities, infrastructure, and digital health, which represent key pillars of the Kingdom's economic transformation plans.
This great progress reflects the Kingdom's rapid growth in the entrepreneurial ecosystem, particularly in terms of venture capital indicators and the development of the entrepreneurial ecosystem's infrastructure. This is in addition to the rising levels of innovation and investment in emerging technologies.
This achievement was made possible mainly because of the support and empowerment provided by government agencies in the Kingdom to investors in the sector, including the efforts of the Small and Medium Enterprises General Authority (Monsha'at) to build an integrated entrepreneurial ecosystem through its initiatives and programs that support the growth and expansion of startups and enhance the legislative and regulatory environment for entrepreneurs. This aims to increase the share of these enterprises in the GDP, in line with the goals of the Kingdom's Vision 2030.
The Startup Genome report was based on data analysis of more than 5 million startups across more than 350 global ecosystems, reviewing the most prominent investment trends and policies that stimulate the success of innovation and entrepreneurship at the international level.
© Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info).
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
36 minutes ago
- Zawya
BeIN Media Group extends exclusive broadcast rights of the Premier League across MENA until 2028
Renewal cements beIN as home of football and reaffirms the PL's trust in beIN as a leading global broadcaster Doha, London – beIN MEDIA GROUP ('beIN'), the global sports, entertainment and media group, has secured the exclusive rights to broadcast every match of the Premier League (PL) in 24 countries across the Middle East and North Africa (MENA) until the end of the 2027/28 season, further solidifying its position as the global home of sports. Premier League fans in MENA will be able to watch all 380 games each season live and exclusive on the group's flagship sports network, beIN SPORTS, in Arabic and English, in addition to having access to comprehensive magazine programming, including pre- and post-match shows, as well as daily highlights and weekly wrap-up programmes. beIN's market-leading OTT service, TOD, also ensures subscribers can watch all PL content via live stream across web, tablet, and mobile devices, providing unparalleled coverage for football fans. The agreement was signed today by Mohammad Al-Subaie, CEO of beIN MENA and the Premier League's Chief Media Officer Paul Molnar at beIN's MENA Headquarters in Qatar. Mohammad Al-Subaie, CEO of beIN MENA, said: 'Our long-standing partnership with the Premier League, which dates back to 2013, has been a journey of mutual growth and shared success. This renewal not only signifies our enduring commitment to providing the highest quality sports content on beIN SPORTS and reinforces our leading position in the MENA region, but also demonstrates the trust that the Premier League has in us. We are proud to continue bringing every moment of the Premier League to our viewers for three more years with the world-class analysis and commentary that our millions of viewers are accustomed to.' Paul Molnar, Chief Media Officer of the Premier League, said: 'We are delighted to announce the extension of our longstanding partnership with beIN MEDIA GROUP for a further three seasons in MENA. This renewal reflects our shared commitment to delivering world-class football and providing the best possible, localised viewing experience. We look forward to continuing our close collaboration on a variety of content and promotional initiatives, bringing the Premier League even closer to our passionate fans in this important region.' Since its inception in 1992, the PL has grown to become one of the most-watched sports leagues in the world, with a cumulative TV audience of 3 billion people. The league's global appeal is attributed to its highly competitive nature, featuring iconic clubs and legendary players that have shaped the history of football. About beIN MEDIA GROUP beIN MEDIA GROUP is a leading independent global media group and one of the foremost sports & entertainment networks in the world. The group distributes and produces an unrivalled array of entertainment, live sport and major international events across 5 continents, 40 countries and in 9 different languages spanning Europe, North America, Asia, Australasia and the Middle East & North Africa (MENA). beIN MEDIA GROUP's flagship sports network, beIN SPORTS, holds the single largest portfolio of sports rights of any global broadcaster; and through its iconic MIRAMAX film studio, beIN holds an extensive library of Hollywood blockbusters while having a growing presence in series and movies production and distribution, as well as in the digital space. beIN MEDIA GROUP acquired Digiturk, the leading pay-tv operator in Türkiye, in August 2016, and in 2022 launched its premium OTT service, TOD, across MENA and Türkiye. For more information on beIN MEDIA GROUP, please contact: mediaoffice@
Zawya
36 minutes ago
- Zawya
SODIC delivers VYE six months ahead of schedule
Cairo, Egypt – SODIC, Egypt's leading real estate developer, proudly announces the early delivery of VYE, its pioneering next-generation development in New Zayed. This milestone comes in line with SODIC's stellar reputation for timely and ahead of schedule delivery, which the developer has maintained for almost three decades. Designed around the pillars of innovation, sustainability, and technology-driven living, VYE is home to the largest solar-powered residential project in Africa and the second largest in the Middle East, setting a new benchmark for future-ready living. With over 108 units scheduled for handover this month, contributing to a total of 1,783 units set for delivery throughout 2025. Ayman Amer, SODIC's General Manager commented stated: 'Delivering VYE ahead of schedule is more than just a construction milestone; it reflects our unwavering commitment to our clients. We are proud to deliver the first homes in New Zayed, with VYE being exemplary for how sustainable, technology-enabled communities can be delivered with precision and purpose. This early delivery reaffirms our focus on execution, quality, and delivering real value to our customers.' Master-planned by internationally acclaimed architects, VYE is thoughtfully designed to offer a seamless, integrated living experience. The community is set to expand with key lifestyle amenities including the VYE Town Center, scheduled for completion early 2026, the Karmell Hub mid-2026, and a fully equipped community clubhouse by the end of 2027. Strategically located in the heart of New Zayed, one of Egypt's fastest-growing destinations, VYE offers direct access to major highways and is just minutes away from Sphinx International Airport, making it not only a home but a smart, connected lifestyle choice.
Zawya
an hour ago
- Zawya
Huawei appoints Memac Ogilvy as public relations partner in the Middle East
Dubai, United Arab Emirates: Memac Ogilvy announced today that it has been appointed by Huawei, the leading global provider of information and communications technology infrastructure and smart devices, as the public relations partner for its two core businesses – Huawei Consumer Business Group (CBG) for UAE, and Huawei Information and Communication Technology (ICT) for Middle East. The partnership comes as Huawei pushes the boundaries of connectivity and innovation in line with its mission to bring digital to every person, home and organisation for a fully connected, intelligent world. Memac Ogilvy will provide the full suite of PR services for the two Huawei businesses, including communications strategy, media relations, thought leadership, influencer engagement and campaign development to drive Huawei's ambitious growth agenda and future-focused objectives in the region. Leveraging its integrated communications expertise and strong media network, Memac Ogilvy will deliver bold, impactful communications strategies that engage consumers, inspire industry stakeholders, and strengthen relationships with strategic partners across the UAE. Saad Abu Touq, Managing Director – PR, UAE, at Memac Ogilvy, said: 'Huawei has cemented its position as a global innovation leader, shaping how people connect, communicate, and experience the world. In the UAE, the brand continues to evolve, expand and inspire customers and businesses across every touchpoint. We are honoured to be part of Huawei's incredible growth journey and will focus on delivering integrated storytelling and borderless creativity, two offerings that set us apart. This strategic partnership is another opportunity to push the boundaries of brand communications, drive meaningful engagement and support Huawei in realising its ambitious vision in building a fully connected, intelligent world.' Rima Taha, Director of PR & Communications, Middle East & Central Asia at Huawei ICT and Saeed Klaib, Director of Communications and Public Relations at Huawei CBG, said 'Huawei CBG and Huawei ICT are proud to appoint Memac Ogilvy as their strategic communications partner. With a deep understanding of our brand ethos and a proven ability to translate vision into impactful storytelling, Memac Ogilvy is uniquely positioned to bring our narrative to life for audiences in the UAE and beyond. Their exceptional track record, creative excellence, and regional expertise make them the ideal partner to amplify Huawei's presence and foster deeper, long-term engagement with key audiences across the region.' Huawei CBG is behind some of the world's most popular smart devices — from smartphones and wearables to tablets and cloud services — creating seamless, intelligent experiences for millions of users. Renowned as one of the top global smartphone manufacturers, Huawei CBG consistently delivers exceptional user experiences across its device ecosystem. Huawei's ICT division powers digital transformation through AI, cloud computing, and connectivity with a focus on cybersecurity & talent cultivation, underlining the company's vision for a fully integrated, intelligent future. About Memac Ogilvy: Memac was born in 1984 when Edmond (Eddie) Moutran founded the company in Bahrain in 1984, and it became a part of the Ogilvy network in 1998. Ogilvy is an award-winning integrated creative network that makes brands matter for Fortune Global 500 companies as well as local businesses across more than 120 offices in 83 countries, including 13 offices across the Middle East and North Africa. The company creates experiences, design and communications that shape every aspect of a brands needs through five core capabilities: Advertising and Brand, Experience, Public Relations, Health & Wellness, and Consulting. Ogilvy is a WPP company (NASDAQ: WWPGY). For more information, visit or , or follow Ogilvy on Twitter at @Ogilvy and on For more information, please contact: Maria Tannous, Account Director
