Skip to main content

Stream every public session from the 27th annual Global Conference right here on our website.

Next-Gen Startups in the Middle East and Africa (Invite only)

Wednesday, February 13, 2019
Next-Gen Startups in the Middle East and Africa (Invite only)
2019 MENA Summit
2019 MENA Summit

Next-Gen Startups in the Middle East and Africa (Invite only)

Wednesday, February 13, 2019
2:45 PM - 3:45 PM
St. Regis Saadiyat Island - Meeting Room 1

MENA's startup ecosystem has become much more structured in recent years. The region now has over 3,000 startups, with the UAE leading the pack as home to 42 percent of them, followed by Egypt with 12 percent. The activity culminated last year in several high-value deals, including the acquisition of Souq.com by Amazon, the purchase of the majority stake of Namshi.com by Emaar Malls, and the half billion dollars raised by Careem from the likes of Rakuten, Inc., STC Ventures, Kingdom Holding Company, and Daimler. While the signs of progress are indisputable, the Arab startup sector still draws far less investor interest than the global leaders. What are the areas of growth for local entrepreneurs and innovators?