Cairo – Eco : The
startup scene in the Arab world continues to boom, culminating this year in
several high value deals. These include the acquisition of Souq. com by Amazon,
construction major Emaar Malls buying a majority stake in Namshi.com, and
Careem raising half a billion dollars from the likes of Rakuten Inc., STC
Ventures, Kingdom Holding Company and Daimler ...
Investors in the region are also
maturing, with corporates and large private companies taking risks and
investing in startups.
Al Tayyar Travel Group,
the largest travel company in the region and Majid Al Futtaim Group, a
diversified private company, have both invested in startups recently. Venture
capitalists are also growing in numbers and in size, and although the U.A.E. is
still the hub, Lebanon, Egypt and Jordan are also very active. This year we
have compiled three lists to rank the brightest startups and investors across
the Arab World.
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