Industry
Saudi Venture Capital Fuels Growth with $30M Fund Injection
Saudi Venture Capital (SVC) has announced a significant financial commitment, injecting $30 million into a private equity fund overseen by the renowned growth equity firm General Atlantic. This strategic move is designed to bolster high-potential, technology-driven enterprises across a variety of key sectors.The targeted sectors for investment include Consumer, Financial Services, Healthcare, Life Sciences, and Technology. This capital allocation is...
Saudi Venture Capital Infuses $30M into Global Equity Fund
Riyadh, Saudi Arabia: The investment arm, Saudi Venture Capital (SVC), has recently declared a substantial $30 million allocation to a private equity fund under the stewardship of General Atlantic, a prominent entity in the arena of growth equity investment. With a history spanning over 40 years, General Atlantic is recognized for pioneering the growth equity sector, with a portfolio of...
Saudi Venture Capital Invests in Global Equity Fund
The Saudi Venture Capital Company (SVC), which operates under the aegis of the Small and Medium Enterprises Bank (SME), has recently declared an investment of SAR 112.5 million into a private equity fund overseen by General Atlantic, a prominent entity in the realm of private equity. General Atlantic boasts a stellar reputation for its expertise in nurturing growth-stage companies and,...
Revolutionizing Urbanism: Saudi Arabia’s Linear City Vision
The ambitious endeavor known as The Line, forming a significant part of Saudi Arabia's NEOM project, is a groundbreaking initiative in urban development. Introduced in 2021 by Crown Prince Mohammed bin Salman, this linear city is poised to transform modern living by prioritizing the health of its inhabitants and the environment, moving away from conventional city sprawl and inefficient infrastructure.As...
Saudi Arabia Welcomes Ant International’s Business Expansion
The Saudi Arabian Ministry of Investment (MISA) has recently established a partnership with Ant International, as evidenced by their Memorandum of Understanding (MoU). This collaboration is intended to streamline Ant International's business growth within the kingdom.During a ceremony in Riyadh, Douglas Feagin, President of Ant International, and Mr. Eng Saleh Khabti, Deputy Minister of Investment of Saudi Arabia, came together...
U.S.-Saudi Automotive Forum Sparks Industry Collaboration
A significant virtual gathering brought together over 100 American and Saudi business leaders and stakeholders to delve into the burgeoning automotive manufacturing sector of Saudi Arabia. The event, held on April 18, served as a crucial platform for influential figures from both the public and private spheres to exchange insights and explore the wealth of opportunities presented by this dynamic...
Saudi Arabia Boosts Local Innovation with Fleet Management System
Saudi Arabia's strategic blueprint, known as Saudi Vision 2030, places a high priority on transforming the economy to be less reliant on oil. A key initiative in achieving this is the 'Made in Saudi' program, which aims to strengthen the local production of goods and services, thus enhancing the country's economic resilience and national identity. The 'Made in Saudi' program,...
Italian Agritech Innovations Captivate at Saudi Exhibition
Italian agricultural technology recently garnered significant attention in Saudi Arabia, with Agrimat emerging as a standout at the SaudiFood Manufacture Show in Riyadh, which concluded on May 2nd. The company is now gearing up for its next exhibition at Macfrut.The Tortona-based firm, with over four decades in the market, specializes in machinery for sorting and processing a variety of produce...
