Technology opportunities have breathed new life into private capital industries in the Middle East and North Africa (MENA). Global Private Capital Association (GPCA).
Venture capital is thriving in the MENA region, said GPCA, a member organization of private capital investors managing $2 trillion in assets in Asia, Latin America, Africa, C&E Europe and the Middle East. The total investment from the first half of 2021 to the first half of 2022 is $4.3 billion.
of latest trends MENA countries represent 5 of the 13 ‘biggest move’ markets with at least 200% year-on-year growth in invested capital in 2021: Jordan, UAE, Saudi Arabia, Pakistan and Egypt. is shown.
The report reveals that deal flows have been driven by technology companies that apply global business models to local contexts. Technology startups in the region’s top innovation hubs account for his 89% of capital invested in MENA VC since early 2020.
Fintech will account for 23% of VC investment since 2020. Led by a $110 million Series B raised by Bahrain-based cryptocurrency platform Rain in January 2022, this will lead to crypto investment services, digital payments, buy now pay later (BNPL ) reflects the growing demand for options.
In the first half of 2022, Global Ventures reaches $85 million in first-time closing of fintech fund include There are commitments from several large Egyptian state-owned banks.
E-commerce marketplaces, such as the UAE-based beauty and wellness e-commerce marketplace, also grabbed 20% of VC dollars. fresha and B2B digital retailers in Pakistan Bazaar Technologies.
Other Insights
The report also reveals that MENA-based institutional investors are doubling down on private infrastructure and technology investments in global private capital markets. Middle East Sovereign Wealth Funds (SWFs) have emerged as one of the most important investors in the world, with a combined total of trillions of dollars under management.
Since the outbreak of the pandemic, SWF has reportedly poured into technology companies contributing to the world’s digital revolution.
