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More Posts on Saudi Arabia
As the first Saudi automotive brand to produce EVs in the country, Ceer will design, manufacture, and sell a portfolio of vehicles for consumers, including sedans and sports utility vehicles.
"We Got Funded!" UAE-Based Youth-Focused Banking Platform Cashee Raises US$3 Million In A Series A Round To Accelerate KSA Expansion
With the capital infusion, Arab National Bank has also acquired an undisclosed stake in the startup.
Held under the theme "Into New Worlds," LEAP 2023 is set to gather the world's best entrepreneurs, investors, tech experts and government stakeholders, and more in Saudi Arabia.
"We Got Funded!" Abu Dhabi-Based Cloud Kitchen Platform The Cloud Raises US$10 Million In A Series A Round To Fuel Expansion Into The GCC And Europe
The Cloud was designed with a vision to become "the Airbnb of kitchens" by enabling the transformation of regular restaurant kitchens into artificial intelligence-powered cloud kitchens.
"We Got Funded!" KSA-Based Fintech Startup Tamara Raises US$100 Million To Boost Product Offering And Expansion Plans
The new capital infusion will be used to the startup's product offering, while entering adjacent markets.
The majority of the US$1 trillion investment that has been earmarked for developing the Saudi tourism economy to date has been deployed for this leisure segment.
In 2030, and Saudia is expected to be the carrier of choice for over 30 million pilgrims annually, and an additional 70 to 80 million visitors looking to explore the smorgasbord of tourist offerings in the Kingdom.
Prior to 1946, around 60,000 pilgrims visited Mecca annually; that's a 500x expansion in annual pilgrims to be witnessed in 84 years, should Vision 2030's target of 30 million pilgrims per year be realized.
"Understand that acquiring a business is not about integrating but instead about accelerating the overall vision of the company."
Gateway industries such as tourism, local manufacturing and smart services are generating jobs for future Saudi youth –and for the first time– opening Saudi Arabia to the world.
Tourism is responsible for one in 12 jobs around the world today, employing 330 million people around the world.
"We Got Funded!" UAE-Based Foodtech Startup ChatFood Secures US$3 Million In A Bridge Round As It Expands Into Saudi Arabia
As a platform that enables mobile ordering and marketing solutions for hospitality brands, ChatFood hopes to capitalize on advantageous social media trends in Saudi Arabia.