AI Agent Report
The report foresees around ten GCC-based Gen AI companies worth $1-3 billion each within the next five years, with at least $23b of cost efficiencies.
Fund · SA · 6 documents
The report foresees around ten GCC-based Gen AI companies worth $1-3 billion each within the next five years, with at least $23b of cost efficiencies.
Over the past five years, the MENA region funded more than 2,000 startups with over $9.0 billion in equity investments.
More than 55% of the MENA population is under 30 years old, with an average daily social media consumption of 3.5 hours.
The IMF expects global economic growth to drop by 4.9% due to pandemic-related lockdowns, marking the worst economic downturn since 1930.
Venture capital investments in Saudi Arabia could grow tenfold from $50 million in 2018 to $500 million annually by 2025.
Over the last 5 years, approximately $5 billion in VC capital was deployed in KSA, leading to the emergence of 9 unicorns [p.2].