Share of start-up funding deals value in MENA by Industry 2019

As of 2019, Middle East and North African startups operating in the delivery and transport sector were the leading recipients of funding deals with 19 percent. Startups in real estate and e-commerce were also successful in securing funding during this period.  

Funding

    During the first quarter of 2019, a total of 129 funding deals for startups were closed. In total 157 million U.S dollars has been invested in startups in the Middle East and North Africa. The majority of startups in the Middle East and North Africa which received funding were organized as a cooperation.  

Regional overview

    The startup hubs in the Middle East are the United Arab Emirates, closely followed by Egypt. Generally, the Gulf Cooperation Council countries have the most inviting business infrastructure for startups, as the procedures and duration for starting a business are quite minimal and clear for entrepreneurs to navigate.

Share of start-up funding deals value in the Middle East and North Africa in 2019, by Industry

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Sources

Release date

January 2020

Region

MENA

Survey time period

2019

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Statistics on "Startups and venture capital in MENA"

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