Vision 2030

Saudi Arabia Vision 2030 and related initiatives

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35 articles

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Vision 2030 Fintech

Saudi fintech RiFD teams up with Kingsbury to scale securitisation

RiFD and Kingsbury have partnered to scale securitisation in Saudi Arabia combining local asset infrastructure with global deal structuring expertise. The partnership targets a capital markets gap that has long limited institutional access to Saudi assets.

Jace Ryn4d ago2 min read

Venture CapitalVenture Capital

Homegrown Ventures closes $22.8M fund to back MENA consumer brands

There has never been a fund built specifically for this. Until now. Homegrown Ventures has closed its debut Fund I at USD 22.8 million, surpassing its USD 20 million target, becoming MENA's first purpose-built CPG venture capital firm.

Arin SolApr 162 min read

Homegrown Ventures closes $22.8M fund to back MENA consumer brands

FintechFintech

Cairo fintech INVIA secures $1.2M to unify SME financial tools

Cairo-based fintech startup INVIA has raised USD 1.2 million from angel investors and strategic backers, adding another data point to an already active year for Egyptian fintech.

James WhitemoreApr 152 min read

Cairo fintech INVIA secures $1.2M to unify SME financial tools

Retail TechLogistics & Supply Chain

RedCloud's $30M Saudi deal targets a $9.4 billion supply chain problem

RedCloud Technology has signed a $30 million deal in Saudi Arabia to address a $9.4 billion supply chain gap, bringing its open commerce platform to one of the Gulf's fastest-digitalizing economies. The move signals a major push to connect manufacturers, distributors, and independent retailers through technology built for the real complexity of emerging markets.

Emily CarterApr 142 min read

RedCloud's $30M Saudi deal targets a $9.4 billion supply chain problem

EngineeringDigital Transformation

Apple is testing four smart glasses designs and the MENA market should be paying attention

Apple is not just building smart glasses. It is preparing to define what the category means for an entire generation of consumers, and for a region where iPhone loyalty runs deeper than almost anywhere else in the world, the implications stretch well beyond a new device on a store shelf.

Emily CarterApr 132 min read

Apple is testing four smart glasses designs and the MENA market should be paying attention

PropTech & Real EstateGovernment & Policy

Saudi Arabia launches regulatory sandbox for municipal and housing innovation

Saudi Arabia's Real Estate General Authority has approved a regulatory sandbox framework designed to give technology companies and innovators a controlled, flexible environment to test and develop digital solutions for the real estate and housing sector. Backed by the directives of Crown Prince Mohammed bin Salman and chaired by the Minister of Municipalities and Housing, the initiative reflects the Kingdom's growing commitment to driving meaningful, technology-led transformation in one of its most vital sectors, all in alignment with the broader goals of Vision 2030.

IrfanApr 92 min read

Saudi Arabia launches regulatory sandbox for municipal and housing innovation

Mergers & AcquisitionsAcquisition & M&A

BinDawood acquires 51% of Vaza Food for $58M to go premium

Saudi Arabia's grocery retail scene has been shifting for a while, but this deal makes the direction unmistakable. BinDawood Holding has signed a share purchase agreement to acquire a 51% controlling stake in Vaza Food Company for SAR 217.9 million, equivalent to approximately USD 58.06 million.

Arin SolApr 82 min read

BinDawood acquires 51% of Vaza Food for $58M to go premium

Mobility & LogisticsVenture Capital

PIF-backed Lucid Motors cuts 800 jobs to turn profitable

Lucid Motors, the California electric vehicle maker backed by Saudi Arabia's Public Investment Fund, laid off roughly 800 salaried employees on Friday

MoFeb 202 min read

PIF-backed Lucid Motors cuts 800 jobs to turn profitable

FintechFintech

Saudi fintech Madfu bags $25.5M to accelerate BNPL growth

Saudi BNPL startup Madfu has raised $25.5 million to expand its fintech footprint across the Kingdom, accelerating growth in digital payments and consumer finance under Vision 2030.

RazaFeb 162 min read

Saudi fintech Madfu bags $25.5M to accelerate BNPL growth

Funding & VCB2B Marketplace

Saudi Trade Platform MUHIDE Closes Series A Backed by Asyad Group

MUHIDE has closed a Series A backed by Asyad Holding Group to build Saudi Arabia's first unified B2B trade ecosystem. The Riyadh-based platform digitises and governs commercial transactions to reduce risk and improve transparency.

MoFeb 72 min read

Saudi Trade Platform MUHIDE Closes Series A Backed by Asyad Group

Funding & VCGaming & Entertainment

Saudi Media Firm Mersal Capital Closes $1.3 Million First Round

Riyadh-based media and content company Mersal Capital has closed a $1.3 million first funding round to scale its digital media operations across Saudi Arabia.

MoFeb 72 min read

Funding & VCSaudi Arabia

Saudi Fleet Startup VieroSaudi Fleet Startup Viero Raises $1.2 Million for Logistics Platform

Saudi Arabia's Viero has closed a $1.2 million seed round to scale its fleet management and logistics optimization platform across the Kingdom.

MoFeb 72 min read

NewsCorporate Innovation

Saudi Arabia accelerates advanced manufacturing and logistics with WAM Saudi 2026

WAM Saudi 2026 brings together global innovators, investors, and policymakers as Saudi Arabia accelerates its journey to become a global manufacturing hub under Vision 2030.

RazaFeb 22 min read

Saudi Arabia accelerates advanced manufacturing and logistics with WAM Saudi 2026

TechnologyDigital Transformation

Saudi deep tech Startup GBT raises $1.3M for Geospatial AI growth

Saudi startup GulfBoost Technology secures $1.3 million in pre seed funding to expand its geospatial AI platform, targeting infrastructure and urban planning applications across the Kingdom.

MoJan 222 min read

Saudi deep tech Startup GBT raises $1.3M for Geospatial AI growth

TechnologyCleanTech & Sustainability

Seed funding of SAR 19 Million fuels Grove Saudi Arabia’s expansion in Agri Tech

Saudi agri tech startup Grove Saudi Arabia has raised SAR 19 million (around $5.1 million) in a seed funding round to scale its controlled environment and vertical farming operations, supporting local food production and sustainability goals under Saudi Vision 2030.

RazaJan 192 min read

Seed funding of SAR 19 Million fuels Grove Saudi Arabia’s expansion in Agri Tech

TechnologyHealthTech

Saudi’s Madeed raises $400K in pre seed round

Saudi preventive health startup Madeed has raised $400,000 in a pre seed round led by Vision Ventures to scale its AI driven digital health platform, as early stage capital continues to support healthcare transformation priorities under Vision 2030.

RazaJan 132 min read

Saudi’s Madeed raises $400K in pre seed round

Funding & VCSaudi Arabia

Saudi’s DSShield advances its Cybersecurity footprint with strategic Growth push

Saudi cybersecurity company DSShield raises $54 million to build a national cybersecurity platform supporting the Kingdom’s digital infrastructure and security priorities.

RazaDec 312 min read

Saudi’s DSShield advances its Cybersecurity footprint with strategic Growth push

EventsDigital Transformation

Saudi Arabia positions itself as global hub for AI and data innovation

Saudi Arabia’s Future Investment Initiative 9 highlights over US$250 billion in deals and major AI infrastructure partnerships, including HUMAIN–AirTrunk and Qualcomm collaborations, reinforcing the Kingdom’s Vision 2030 goal to become a global hub for artificial intelligence, data, and digital transformation.

Emily CarterOct 282 min read

Saudi Arabia positions itself as global hub for AI and data innovation

NewsArtificial Intelligence

Aramco strengthens digital portfolio with HUMAIN investment, combining AI efforts with PIF

Saudi Aramco signs agreement with PIF to acquire a significant minority stake in HUMAIN, consolidating Saudi Arabia’s AI capabilities to advance Vision 2030 and position the Kingdom as a global hub for artificial intelligence and digital innovation.

Emily CarterOct 282 min read

Aramco strengthens digital portfolio with HUMAIN investment, combining AI efforts with PIF

TechnologySaudi Arabia

Saudi Arabia’s HUMAIN and Blackstone’s AirTrunk form US$3 B data-centre alliance

HUMAIN, the AI company owned by Saudi Arabia’s PIF, and AirTrunk, backed by Blackstone and CPP Investments, have entered a strategic US$3 billion partnership to develop a hyperscale data-centre campus in the Kingdom of Saudi Arabia, marking AirTrunk’s entry into the Middle East and supporting the country’s AI-driven economy ambitions.

Emily CarterOct 282 min read

Saudi Arabia’s HUMAIN and Blackstone’s AirTrunk form US$3 B data-centre alliance

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