Deloitte Middle East announces Technology FAST 50 rankings for the program's fourth edition
Ranked companies recorded an average growth rate of 8,823%, with 29 achieving over 1,000% growth, a new record for the program
Middle East – Deloitte Middle East has released the results of the fourth edition of the Middle East Technology Fast 50 program, recognizing the fastest-growing technology companies across the region. The program ranks companies based on revenue growth over the past four years and showcases the innovation and entrepreneurial spirit that continues to define the region's technology landscape.
This year marked a new milestone, with over 200 applications received for the first time from across the Middle East and Cyprus, reflecting growing engagement and maturity in the region's start-up ecosystem. Saudi Arabia led in terms of representation, accounting for 30% of the ranked companies, followed by the UAE (28%) and Cyprus (16%).
The average growth rate across the Fast 50 rankings reached 8,823%, with 29 companies achieving more than 1,000% growth, up from 21 in the previous edition. Fintech (22%) and Software (31%) emerged as the dominant sectors once again. The company with the highest growth rate within the Fast 50 category reported a 20,164% increase, highlighting the exceptional scalability of the top-performing entrants.
Mutasem Dajani, CEO of Deloitte Middle East said: 'It is always exciting to witness the breadth of innovation emerging from this region. The fourth edition of Technology Fast 50 program demonstrates what can be accomplished when vision is paired with execution. We are proud to celebrate and support these founders, whose success will drive a more connected, resilient, and future-looking regional economy.'
The Fast 50 Top 3 featured companies from Cyprus and Saudi Arabia, while the Rising Star category – which recognizes younger companies with strong potential – was led by entrants from the UAE and Saudi Arabia.
The fourth edition also saw progress in diversity, with 18% of ranked companies being women-led, up from 15% last year. In line with Deloitte's commitment to inclusion, the Women in Leadership category continued to shine a spotlight on female-led tech ventures that meet the Fast 50 program's core ranking criteria.
A new category introduced this year, Kiyadat, focused on highlighting the achievements of GCC national founders. The category received strong interest and reflected the growing role of local talent in building the technology ecosystem. The Impact category, aimed at companies placing Environmental, Social, and Governance (ESG) principles at the heart of their mission, introduced an independent Impact Jury for the fourth edition of Fast 50. Nominees were evaluated across three key dimensions: impact, excellence, and implementation, following a structured pitching process.
Looking ahead, Deloitte will host a series of Fast 50 Connect events across the region in May to recognize this year's winners and provide further opportunities to connect with investors, corporates, and peers from the wider Fast 50 network, helping amplify success for program participants.
By identifying and recognizing companies in the Middle East and Cyprus that demonstrate exceptional growth and innovation, the Technology Fast 50 program helps solidify their role in shaping the future of the wider region's economy.
For further information about the fourth edition of Deloitte Technology Fast 50, please visit: Deloitte.com
© 2025 Deloitte & Touche (M.E.). All rights reserved.
In this press release references to 'Deloitte' are references to one or more of Deloitte Touche Tohmatsu Limited ('DTTL') a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see deloitte.com/about for a detailed description of the legal structure of DTTL and its member firms. The information contained in this press release is correct at the time of going to press.
About Deloitte & Touche (M.E.) LLP:
Deloitte & Touche (M.E.) LLP ('DME') is the affiliate for the territories of the Middle East and Cyprus of Deloitte NSE LLP ('NSE'), a UK limited liability partnership and member firms of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee ('DTTL').
DME is a leading professional services organization established in the Middle East region with uninterrupted presence since 1926. DME's presence in the Middle East region is established through its affiliated independent legal entities, which are licensed to operate and to provide services under the applicable laws and regulations of the relevant country. DME's affiliates and related entities cannot oblige each other and/or DME, and when providing services, each affiliate and related entity engages directly and independently with its own clients and shall only be liable for its own acts or omissions and not those of any other affiliate.
DME provides services throughout 23 offices in 15 countries with more than 7,000 partners, directors and staff.
About Deloitte:
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited ('DTTL'), its global network of member firms, and their related entities (collectively, the 'Deloitte organization'). DTTL (also referred to as 'Deloitte Global') and each of its member firms and related entities are legally separate and independent entities, which cannot obligate or bind each other in respect of third parties. DTTL and each DTTL member firm sand related entity is liable only for its own acts and omissions, and not those of each other. DTTL, NSE and DME do not provide services to clients. Please see www.deloitte.com/about to learn more.
Deloitte provides Audit & Assurance, Tax & Legal and Consulting and related services to nearly 90% of the Fortune Global 500® and thousands of private companies. Our professionals deliver measurable and lasting results that help reinforce public trust in capital markets, enable clients to transform and thrive, and lead the way toward a stronger economy, a more equitable society and a sustainable world. Building on its 175-plus year history, Deloitte spans more than 150 countries and territories. Learn how Deloitte's approximately 457,000 people worldwide make an impact that matters at www.deloitte.com.
Bassel Barakat
External Communications |PR and Media Lead
Deloitte & Touche (M.E.)
bbarakat@deloitte.com | www.deloitte.com
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