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Magnitt: VC funding in the Middle East fell 29% YoY to $1.5B in 2024, with Saudi Arabia accounting for $750M, down 44% YoY, while the UAE saw $613M, down 8% YoY (Fahad Abuljadayel/Bloomberg)

January 8, 2025

Fahad Abuljadayel / Bloomberg:
Magnitt: VC funding in the Middle East fell 29% YoY to $1.5B in 2024, with Saudi Arabia accounting for $750M, down 44% YoY, while the UAE saw $613M, down 8% YoY — – VC funding in the Middle East fell 29% in 2024: Magnitt — Saudi Arabia continues to lead the region in deal values

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