RIYADH: A MAGNiTT report reveals that international venture capital investors are increasingly active in the MENA region, with their investment share in local startups rising from 28% in 2020 to 51% in 2024. Despite global economic challenges, MENA’s growth has been bolstered by sovereign wealth funds and regional investor engagement, especially in the UAE and Saudi Arabia. The report notes a 60% surge in global investor participation this year. Key regional events have attracted attention, while local startups like EdfaPay and Bubbl continue to secure significant funding, reflecting the region’s evolving venture landscape.