Every StartupHub.today article filed under Kingdom of Saudi Arabia.
Saudi Arabia's Capital Market Authority has just rolled out new rules for Special Purpose Acquisition Companies (SPACs). These exciting updates are designed to make it much easier for promising startups and fast-growing companies to get funding from the public market, keeping the Kingdom's finance and investment sector aligned with the latest global trends.
Shatib, a promising Saudi startup in construction and real estate technology (ConTech & PropTech), is making waves by digitizing and managing how real estate developers and contractors buy building and finishing materials. This innovative approach aims to boost supply chain efficiency and cut costs within Saudi Arabia's booming construction sector, backed by a recent Pre-Seed funding round.
Saudi Arabia is quickly becoming a major player in the global AI scene! A new report shows the Kingdom ranks third worldwide for both its skilled AI professionals and the number of students actively using generative AI. This really highlights how deeply AI is becoming integrated into their education system and workforce.
Saudi Arabia's Central Bank (SAMA) just announced that point-of-sale (POS) transactions hit a massive SAR 14.8 billion last week! This exciting news highlights the continuous growth of digital payments across the Kingdom, with electronic payments now making up an impressive 79% of all retail transactions. It's clear that Saudi Arabia is rapidly embracing a cashless future!
Saudi Venture Capital (SVC) has just launched 'Aian,' an exciting new AI platform developed in-house. This platform aims to boost SVC's role in shaping Saudi Arabia's private capital market by turning complex data into clear, actionable insights. The ultimate goal is to support sustainable growth across the market.
Zeew Saudi has successfully closed a strategic investment round! This funding will help them supercharge their AI-powered cloud contact centers, expand their reach across the MENA region, and offer even more fantastic multilingual services.
