Startups - Arab News

Startups of the Year: Zid and Salla revolutionize Saudi Arabia’s e-commerce landscape

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Startups - Arab News

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Dec 9, 2024 · Startup of the Week – Egypt’s Qara targets Saudi Arabia following $2.6m funding round

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Startup Of The Week - Arab News

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2 days ago · RIYADH: Egypt-based supply chain technology company Qara is preparing to expand into Saudi Arabia, leveraging a $2.6 million funding round to support its entry into the …

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MENA Startup Funding Ends Year On The Rise - Arab News

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Jan 18, 2025 · RIYADH: Funding for startups across the Middle East and North Africa ended 2024 on an upward trajectory, raising $279 million in what was an 8 percent rise from November. …

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Is NEWLab launching a new hub in Saudi Arabia?

Newlab To Launch A Saudi Hub. First Focus: Mining Startups Newlab, a New York City-based company that helps launch and fund startups in industrial sectors, is opening a new hub this year in Riyadh, Saudi Arabia. The hub aims to attract startups to Saudi Arabia, focusing first on the mining industry. ...

What is NEWLab doing in Saudi Arabia?

First Focus: Mining Startups Newlab, a New York City-based company that helps launch and fund startups in industrial sectors, is opening a new hub this year in Riyadh, Saudi Arabia. The hub aims to attract startups to Saudi Arabia, focusing first on the mining industry. Future programs will focus on energy, logistics and advanced manufacturing. ...

How much money did Saudi Arabia invest in mining startups?

The startups have received a total of $700M in funding, The New York Times reported in 2024. Saudi Arabia’s focus on mining likely reflects new global shift toward controlling value chains for critical minerals needed for computer chips and the transition to a new energy economy. ...

Why is Saudi Arabia launching a hub in Riyadh?

In an interview, Liz Keen, chief strategy officer, said that its larger hubs, such as Riyadh, require funding commitments totaling hundreds of millions of dollars from governments and large companies. The hub in Saudi Arabia is another sign of the Kingdom’s commitment to economic transformation. ...

Could Saudi Arabia create a new energy system?

Against this complicated backdrop, Saudi Arabia is a bet by venture capitalists on the idea that the Kingdom remains a close ally of the United States, and is putting its massive resources into developing an innovation ecosystem, a new economy and now, it seems possible – a new energy system. ...

How many startups are in NEWLab?

The Newlab hub there is home to more than 100 transportation-sector startups in an Albert Kahn-designed building. The startups have received a total of $700M in funding, The New York Times reported in 2024. ...