
Saudi Arabia Maintains its First Rank Across MENA for Venture Capital Investment in H1 2025
SVC is an investment company established in 2018. It is a subsidiary of the SME Bank, part of the National Development Fund (NDF). SVC aims to stimulate and sustain financing for Startups and SMEs from pre-Seed to pre-IPO through investment in funds and direct investment in startups and SMEs.
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Saudi Arabia Maintains its First Rank Across MENA for Venture Capital Investment in H1 2025
The 'H1 2025 MENA Venture Investment Report' revealed that Saudi Arabia maintained its first rank across MENA in terms of Venture Capital (VC) funding in H1 2025, witnessing a total VC deployment of $860 Million (SAR 3.2 billion), surpassing the total VC funding of 2024 (full year). This achievement reflects the development the Kingdom is witnessing in various economic and financial sectors in light of the Saudi Vision 2030 and its goals to strengthen the national to the report published today by the venture data platform MAGNiTT, the Kingdom captured the highest share of total VC funding in the MENA region in H1 2025, accounting for 56% of the total capital deployed in the region. The report also revealed that Saudi Arabia achieved a record number of 114 VC deals for the first half of 2025. This confirms the attractiveness of the Saudi market, enhances its competitive environment, and consolidates the strength of the Kingdom's economy as the largest economy in MENADr. Nabeel Koshak, CEO and Board Member at SVC, commented: 'The Kingdom's leading position in the VC scene in the region comes as a result of many governmental initiatives launched to stimulate the VC and startups ecosystem within the Saudi Vision 2030 programs. We at SVC are committed to continuing to lead the development of the ecosystem by stimulating private investors to provide support for startups and SMEs to be capable of fast and high growth, leading to diversifying the national economy and achieving the goals of the Saudi Vision 2030.' SVC is an investment company established in 2018. It is a subsidiary of the SME Bank, part of the National Development Fund (NDF). SVC aims to stimulate and sustain financing for Startups and SMEs from pre-Seed to pre-IPO through investment in funds and direct investment in startups and SMEs.


Gulf Insider
a day ago
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Uber Launches All-Women Ride Option In Saudi Arabia To Boost Female Drivers
Ride-hailing giant Uber has introduced a new ride option in Saudi Arabia that allows women riders to be matched exclusively with female drivers, as part of broader efforts to increase women's participation in the workforce and the mobility sector. The initiative comes seven years after the Kingdom lifted the ban on women driving, and follows Uber's continued investment in localised programs to support Saudi Vision 2030 goals. The new feature, called Women Drivers , functions like the standard UberX service and will be gradually rolled out to riders across the country in the coming weeks. It enables women to either book on-demand trips or schedule them up to 30 minutes in advance using Uber Reserve. 'The launch of the 'Women Drivers' product reflects our commitment to empowering women and supporting their mobility and economic independence,' said Youssef Abouseif, General Manager of Uber in Saudi Arabia. 'We're giving women more choice, more opportunity, and a stronger sense of community.' Uber is also launching Saudi Arabia's first-ever GigSister event — a community-focused program offering a platform for female drivers to connect, share experiences, and build a local support network. In parallel, the company has partnered with Alnahda Society, a non-profit organisation focused on empowering women economically and socially. The collaboration includes capacity-building initiatives like financial literacy training, aiming to equip women with skills that could lead to economic independence, including driving for Uber. The new initiative builds on Uber's previous collaboration with Alnahda through the Masaruky program, which helped thousands of women gain driver's licenses and access mobility-based jobs. Uber has rolled out several female-focused services in Saudi Arabia in recent years, including: Wusool, which has facilitated over 20 million subsidised rides for women Women Rider Preference, allowing female drivers to exclusively accept women riders These efforts aim to increase women's workforce participation while offering greater comfort and flexibility for both drivers and riders.