{"id":601749,"date":"2019-03-10T03:56:31","date_gmt":"2019-03-10T03:56:31","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/10\/vcs-see-egypt-saudi-arabia-as-the-next-big-things-on-the-middle-east-start-up-scene\/"},"modified":"2019-03-10T03:56:31","modified_gmt":"2019-03-10T03:56:31","slug":"vcs-see-egypt-saudi-arabia-as-the-next-big-things-on-the-middle-east-start-up-scene","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/10\/vcs-see-egypt-saudi-arabia-as-the-next-big-things-on-the-middle-east-start-up-scene\/","title":{"rendered":"VCs see Egypt, Saudi Arabia as the next big things on the Middle East start-up scene"},"content":{"rendered":"

<\/a> VCs see Egypt, Saudi Arabia as the next big hubs in the Middle East\u2019s startup scene: <\/b>Venture capitalists believe Egypt and Saudi Arabia have a promising future in the region\u2019s start-up scene and are advising investors to keep a close eye on them, the National reports<\/a>. Speaking at the London Business School Middle East Conference, founding partner and CEO of Saudi-based Raed Ventures Omar Almajdouie said that while the UAE maintains its position as the region\u2019s current entrepreneurial hub, Egypt and Saudi Arabia will be the focal points of the next wave of big startups in the region. \u201c[Egypt and Saudi Arabia] will be the biggest inception point of the next wave of startups in the region. Not medium or small-scale startups, the big startups like Careem,\u201d he said, citing Cairo-based Swvl as an example.<\/p>\n

Speaking of tech: Silicon Valley will lose ground over the next four years<\/b> to rival power centers including New York, Boston, Beijing and London, according to a KPMG study. The shift comes as each of these cities makes a conscious investment to become tech innovation hubs \u2014 and partly because we live in an \u201calways-on, constantly connected world\u201d in which geography is less important, the Wall Street Journal<\/a> writes.<\/p>\n","protected":false},"excerpt":{"rendered":"

VCs see Egypt, Saudi Arabia as the next big hubs in the Middle East\u2019s startup scene: Venture capitalists believe Egypt and Saudi Arabia have a promising future in the region\u2019s start-up scene and are advising investors to keep a close eye on them, the National reports. Speaking at the London Business School Middle East Conference, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,203,219,2380,200],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-601749","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-entrepreneurship","tag-saudi-arabia","tag-speed-round","tag-venture-capital","wpautop","entry"],"acf":{"mongo_id":"fe4e37d1-f0e4-44e1-9881-ce8918488104","is_powered_by":true,"section_story_id":"68c39a61-6ca7-47df-bbaa-a7819e8352aa","story_type":"1","photo_url":"","photo_position":"above","related_issue":[601741],"teaser":"","voice_url":""},"yoast_head":"\nVCs see Egypt, Saudi Arabia as the next big things on the Middle East start-up scene - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/10\/vcs-see-egypt-saudi-arabia-as-the-next-big-things-on-the-middle-east-start-up-scene\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"VCs see Egypt, Saudi Arabia as the next big things on the Middle East start-up scene\" \/>\n<meta property=\"og:description\" content=\"VCs see Egypt, Saudi Arabia as the next big hubs in the Middle East\u2019s startup scene: Venture capitalists believe Egypt and Saudi Arabia have a promising future in the region\u2019s start-up scene and are advising investors to keep a close eye on them, the National reports. 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