Share of start-up funding deals value in MENA by Industry 2020
As of 2020, Middle East and North African startups operating in the real estate sector were the leading recipients of funding deals with 24 percent. Startups in 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.
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.
