Entrepreneurs equipped with the right skills, a robust business strategy, and the ability to forge meaningful collaborations are well-positioned to succeed in Bahrain's evolving tech landscape and beyond. As the ecosystem continues to mature, the potential for startups to significantly impact the region's economy is substantial, he adds.
UAE, fintech lead as venture funding surges in MENA
At $445 million, startups in the region witnessed a robust 153 percent year-on-year growth in venture funding despite a 7 percent drop in deal volume, says a latest report.
Gulf states’ sovereign funds drive climate innovation
"The SWF investment in climate tech will help sustain the shift away from the Gulf States' traditional source of income (oil and gas) as countries worldwide transition to cleaner energy sources. It will also create new opportunities for the countries in the region to thrive," he adds.
