Riyadh – Sharikat Mubasher: Walid Mansour, Co-Founder and Co-CEO of Middle East Venture Partners (MEVP) said that the company pumped $ 50 million worth of investments into Saudi tech startups by far.

He continued in an interview with Al Arabiya that MEVP also managed to attract $1 billion in joint investments into the Kingdom.

In a 13-to-15-year time span, MEVP’s assets exceeded the $ 350 million through 5 funds, Mansour revealed adding that the Saudi Venture Capital (SVC) has recently invested in MEVP’s Middle East Venture Fund IV, a $150 million.

Mansour expected that next year will witness an increase in startup investment deals driven by the decreased valuations, higher growth, and maturity rates of startups, giving room for promising investment opportunities within this sector.