Saudi Arabia's venture capital sector has launched a new $150M fund dedicated to artificial intelligence startups across the MENA region. The Khwarizmi Venture Capital Fund II, backed by Saudi investors, targets early-stage companies building AI solutions for regional markets.
The move reflects Saudi Arabia's broader push into AI infrastructure and talent. Vision 2030 includes AI development as a strategic pillar, and dedicated venture capital channels accelerate tech entrepreneur support.
The fund focuses on AI applications in enterprises, fintech, healthcare, and logistics — sectors where MENA companies can build regional competitive advantages.
