Future Investment Initiative

Beta Lab launches new $300 million fund to drive startup growth

During the Future Investment Initiative (FII) 2024, Beta Lab has announced the launch of the Beta Lab Growth Fund of $300 million to accelerate growth of startups between MENA & Southeast Asia, fo...

PIF and Google Cloud to create a new global AI hub in Saudi Arabia

PIF and Google Cloud today announced a strategic partnership to create a new global artificial intelligence (AI) hub. The new AI hub will be based near Dammam, in Saudi Arabia’s Eastern Province.

Saudi agritech firm, Red Sea Farms raises $ 16m for expansion

Saudi Arabian AgTech business, Red Sea Farms has successfully closed pre-series A funding round for $ 10m and the company oversubscribed this investment round to enable them to raise $ 16m from leadin...

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