KAUST presents roadmap for deep tech ecosystem in Saudi Arabia

Summary

KAUST, in partnership with MCIT and Hello Tomorrow, has released a report outlining a roadmap for Saudi Arabia to become a global deep tech hub. The report focuses on five pillars: ecosystem, investment, talent, infrastructure, and policy, highlighting the role of R&D in achieving Vision 2030. Deep tech startups in Saudi Arabia raised over $100 million between 2020 and 2022, with a 75% increase in deep tech researchers since 2015. Why it matters: This signals Saudi Arabia's increasing commitment to fostering a local deep tech ecosystem and attracting investment in advanced technologies.