RIYADH: A increasing number of creators are drawn to Saudi Arabia by the country’s flourishing startup ecosystem, which has established an entrepreneurial bridge with neighboring nations.
Due to market potential, government initiatives, and a wealth of funding opportunities, this trend is especially noticeable among Egyptian digital entrepreneurs.
Due to its size and high consumer spending power, the Saudi market offers rich prospects for tech firms.
Vision 2030 and other entrepreneurial support initiatives have also created a stimulating atmosphere for innovation. Abuonq explained that Egyptian entrepreneurs benefit from Saudi Arabia’s advanced infrastructure, simplified regulations, and substantial financial backing from entities such as Saudi Venture Capital Co. These resources provide a robust foundation for startup growth.
The CEO and creator of Value Makers Studio, Motaz Abuonq, told Arab News that Saudi Arabia’s government programs and financial prospects are a big draw for Egyptian digital entrepreneurs. VMS is a venture studio established in Saudi Arabia that helps Egyptian and regional businesses get into the Kingdom by providing them with financial opportunities and consulting.
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