Saudi Arabia’s deep tech startup ecosystem is thriving, with 50% of startups focusing on AI and IoT. This growth is fueled by government support, venture capital, and a dynamic entrepreneurial ecosystem. The Kingdom has become a leading hub for tech startups in the Middle East and North Africa. Over 43 high-growth startups have collectively raised significant funding.
The surge in AI and IoT-focused startups aligns with Saudi Vision 2030, aiming to diversify the economy and establish the Kingdom as a global tech leader. The deep tech sector plays a crucial role in achieving this vision, driving digital transformation. Saudi Arabia’s investment in infrastructure, education, and research is expected to further boost the ecosystem. This growth supports the Kingdom’s economic diversification and innovative future.