NTDP Highlights Saudi Arabia’s Progress in Enhancing the Entrepreneurship Environment through Growth in Venture Capital Investment

The National Technology Development Program (NTDP) has issued a report outlining the significant progress Saudi Arabia has made in enhancing its entrepreneurship environment through the growth of venture capital investment.
 According to the report, Saudi Arabia recorded a compound annual growth rate (CAGR) of 49% in venture capital investment from 2020 to 2024, surpassing the Middle East and North Africa (MENA) region's average of 4%, as reported by MAGNITT. The Kingdom ranked first in the region in venture capital investment value for 2023 and 2024, reflecting its ongoing commitment to supporting entrepreneurs and emerging tech companies.
 The NTDP contributes to this growth by offering a variety of products and services that enable and support emerging tech companies, in addition to establishing strategic partnerships across different sectors. This accelerating growth underscores Saudi Arabia's success in creating an attractive entrepreneurial environment that fosters innovation and enhances the competitiveness of its digital economy.
 The program continues to collaborate with investors and success partners in the tech sector to expand entrepreneurial opportunities and achieve the objectives of Saudi Vision 2030, solidifying the Kingdom's position as a leading regional hub for technology and venture capital investment.