OMAR SATI I MANAGING DIRECTOR I DASH VENTURES ABDULAZIZ AL LOUGHANI I MANAGING PARTNER I FAITH CAPTIAL NAMEK ZU'BI I MANAGING PARTNER I SILICON BADIA
Venture Capital as an asset class is still in its infancy; the asset class hasn’t yet attracted a lot of fiduciary money, as the base is quite low (growing positively though), relative to other developed markets (~$1B AUM compared to ~$70B of AUM in the M
From where we stand today, the regional VC scene appears to be self-steered towards growth due to the increase in the number of entrepreneurial initiatives on one hand, and the reshaping taking place in investment mindset on the other. Governments, now taking a more active role in empowering the regional startup sector, is another game changer for VC industry: we believe the indirect effect of increasing the level of comfort, by taking a stake in the game, is also crucial. Earlier in 2016 the Saudi Government pledged over $1.2B to support SMES and startups through its Riaydh Taqnia fund and PIF (Public Investment Fund) while the Central Bank of Jordan, in collaboration with the World Bank, has pledged $100M to support over 200 innovative start-ups from across the country. All the above being said, it is very important to take the region’s geo-political situation into consideration, which has curbed potential growth on several occasions by limiting the supply of international funds into the regional VC and startup scene.