Thriving Saudi startup scene to produce top-30 companies, WEF hears

Author:

daniel fountain

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ID:

1554569911777331000

Sat, 2019-04-06 20:14

DEAD SEA, Jordan: Saudi Arabia’s startup scene is “moving faster than anyone can imagine” and is set to create hundreds of thousands of jobs over the coming years, the World Economic Forum in Jordan heard on Saturday.
The region’s most successful tech ventures — like ride-hailing service Careem, which Uber recently agreed to buy for $3.1 billion, and web portal Maktoob, which was acquired by Yahoo in 2009 — have emerged from more established startup hubs of Dubai and Amman.