Saudi Arabia leads MENA in attracting VC investment in H1


By Tian Ye

RIYADH, July 18 (Xinhua) -- Saudi Arabia attracted 446 million U.S. dollars of venture capital (VC) investment in the first half of 2023, making it the most popular country with VC in the Middle East and North Africa (MENA) region, the Saudi Press Agency reported on Tuesday.

Saudi enterprises attracted 42 percent of the total VC capital invested in the MENA region between January and June, up from 31 percent in 2022, the report said, citing statistics released by the Dubai-based data platform MAGNiTT.

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