Maximizing Valuations In The MENA Region: The How-To
While much of the focus on startups and venture capital remains in Silicon Valley, international investors ignore the Middle East at their own peril.
Since 2012, Middle East and North Africa venture capitalists have invested about US$12 billion in 523 deals, according to CB Insights. Recently, a Saudi billionaire and Daimler AG teamed up to invest in Careem, Uber’s strongest competitor in the MENA region. This influx of capital places the value of the Dubai startup at unicorn status ($1 billion), according to MarketWatch, a rare milestone for companies in any part of the world.