A surge in venture capital investment is driving the growth of local tech startups in Riyadh, with many expecting the city to become a major hub for innovation in the Middle East.
A surge in investment funding is driving the growth of local startups and digital trends in Riyadh, with over 100 new tech companies emerging in the past year alone.
Venture deals closed in the first half of 2026 suggest Saudi Arabia's capital has cemented its position as the Gulf's dominant hub for early- and growth-stage technology investment.