Ibrahim Niaz, CEO of the Nationwide Data Expertise Growth Program, mentioned that the amount of enterprise capital investments in rising expertise firms within the Kingdom amounted to about 1.4 billion riyals by the top of August 2025, and is anticipated to achieve about 1.8 to 1.9 billion riyals by the top of this 12 months.
Niaz added, in statements on the sidelines of the Personal Capital Convention, that the Kingdom topped the international locations of the Center East and North Africa when it comes to enterprise capital investments throughout the previous two years, with this lead persevering with throughout the first half of 2025.
He identified that the amount of investments on this sector didn’t exceed $65 million in 2019, which displays vital progress in simply 5 years.
He defined that this progress is as a result of authorities’s efforts to assist the technical infrastructure, along with the initiatives of the Nationwide Data Expertise Growth Program, which incorporates offering grants, financing packages, and the “Fund of Funds” fund to put money into enterprise capital funds specialised in precedence expertise sectors.
He identified that the presence of conferences such because the “Personal Capital Convention” is an indicator of the expansion of the Saudi market and its rising attractiveness to native and worldwide capital, stressing the significance of supporting entrepreneurs to remodel their concepts into investable enterprise fashions, which contributes to strengthening the expertise system within the Kingdom.
