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There’s no doubt that the startup scene in Saudi Arabia is unique.
The country has created dozens of successful startups, over the years.
Some of them are already worth billions of dollars.
So whether you’re looking to start your own business, or just interested in learning about fast-growing startups from Saudi Arabia, here’s an extensive list of 16 startups founded there.
16 Startups in Saudi Arabia
Tool
Fundraising OS
Everything you need to raise funding for your startup, including 3,500+ investors, 7 tools, 18 templates and 3 learning resources.
Red Sea Farms is an agriculture technology firm that enables commercial crop production utilizing mostly salt water.
Details of the startup:
State: Ha'il
City: Thuwal
Started in: 2018
Founders: Mark Tester, Ryan Lefers
Industries: Agriculture, AgTech, Farming
Number of employees: 1-10
Funding: $14,348,000
Funding rounds: 4
Number of investors: 5 (Saudi Aramco Entrepreneurship Ventures, Global Ventures, KAUST Innovation Fund, Future Investment Initiative Institute, RPD Innovations)
Since 2014, the world's most straightforward and reliable payments have been available. PayTabs is a global B2B online payments solution provider that has won numerous awards.
Details of the startup:
State: Ash Sharqiyah
City: Al Khobar
Started in: 2014
Founders: Abdulaziz Fahad Al Jouf
Industries: E-Commerce, Financial Services, FinTech, Mobile Payments, Payments
Number of employees: 51-100
Funding: $25,333,333
Funding rounds: 2
Number of investors: 2 (Saudi Aramco Entrepreneurship Ventures, Saudi Aramco)
ACWA Power is a power generation and renewable energy developer, investor, co-owner, and operator.
Details of the startup:
State: Ar Riyad
City: Riyadh
Started in: 2004
Industries: Renewable Energy
Number of employees: 1001-5000
Funding: $239,000,000
Funding rounds: 4
Number of investors: 8 (European Bank for Reconstruction and Development, Saudi Arabia's Public Investment Fund, African Development Bank, Arab Bank, Silk Road Fund)