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$50 Million VC Fund Launched By PIF To Boost Start-Ups In UAE, Saudi Arabia

$50 Million VC Fund Launched By PIF To Boost Start-Ups In UAE, Saudi Arabia


2024-12-12 03:44:09
(MENAFN- The Arabian Post) A newly established venture capital fund, backed by Saudi Arabia's Public investment Fund (PIF), aims to accelerate the growth of start-ups in the UAE and Saudi Arabia. The $50 million fund targets early-stage companies, with a particular focus on industries such as technology, energy, and health care, aligning with both nations' broader economic diversification efforts. The PIF-backed fund, a strategic move in the Kingdom's and UAE's fast-evolving [...]">

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