Monshaat Governor says rise in venture investment flows reveals investor confidence in Saudi economy

03/08/2021 Argaam

Saleh Al-Rasheed, Governor of the General Authority for Small and Medium Enterprises (Monshaat)

The record high venture investment flows in the first half of 2021 reveal the great confidence that the Kingdom's economy enjoys among investors, according to Saleh Al-Rasheed, Governor of the Small & Medium Enterprises General Authority (Monshaat).

 

The rise reflects the significant positive impacts of Vision 2030 on the Kingdom's venture investment environment and emerging businesses, Al-Rasheed said in a tweet.

 

Data from MAGNiTT showed that the value of venture investment in Saudi Arabia grew by 65% in H1 2021, reaching SAR 630 million compared to the same period last year, according to data compiled by Argaam.

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