The Startup Ecosystem of Riyadh
Riyadh has 77 startups in our sample database. This represents about 61% of Saudi Arabia’s startups. Riyadh is the highest-ranked startup ecosystem in Saudi Arabia.
CITY RANKING
In 2023, the startup scene of Riyadh developed considerably and increased in the Global Ecosystem Index by 99 spots.
National Ranking
In Saudi Arabia
Regional Ranking
In Middle East
Global Ranking
Worldwide
Startups
Riyadh Top Startup Industries
18 startups
21 startups
5 startups
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Ecosystem HealthCheck
Riyadh Ecosystem Health Check
The health check tables allow you to look at the performance Riyadh has in each of the parameters that are part of StartupBlink's ranking algorithm. There are five tables, corresponding to the three subscores, the subscore analysis and industry ana...
- Overperformance
- Performance equal to global ranking
- Underperformance
ECOSYSTEM
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Ecosystem
The Startup Ecosystem in Riyadh
Global Rank
Riyadh is ranked within the top 200 startup ecosystems globally.
Top Industries
Riyadh’s startups excel particularly in Fintech where it ranks 96 and in Ecommerce & Retail, and Transportation. Find out more
Top Cities for Startups in Saudi Arabia - Ranked by StartupBlink
| 2023 National Rank & Change | City | Global Rank & Change | Total Score | Quantity Score | Quality Score | Business Score |
|---|---|---|---|---|---|---|
1st 0 | 155th + 99 | 4.181 | 00.00 | 00.00 | 00.00 | |
2nd 0 | 394th - 9 | 0.846 | 00.00 | 00.00 | 00.00 | |
3rd 0 | 545th + 18 | 0.424 | 00.00 | 00.00 | 00.00 |
Startups
Notable Startups in Riyadh
Startups
Successful Fintech startups in Riyadh
ECOSYSTEM
Why should you join Riyadh's Startup Ecosystem?
Overview
Within Riyadh there is an increased attraction for entrepreneurs to set up their startups in industries such as Fintech, Ecommerce & Retail, Transportation. These three industries represent about 57% of the startups represented on the Startup Ecosystem Map of Riyadh.
1st
National Rank
5th
Regional Rank
Overview
Riyadh is Saudi Arabia's 1st best startup ecosystem and is ranked 5th in Middle East. With a population of 2M - 10M people, Riyadh is ranked 155th in the world. The city has some notable startup success stories including stc pay.
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Recent Posts
Mon Sep 25 2023
Role of Universities in Startup Ecosystems
In this article, we’ll explore the role of universities in startup ecosystems. Join us for an enlightening discussion in the 39th episode of our Startup Ecosystem Podcast series, where Martin Jordana welcomes David Kwok. David, the Director of Entrepreneurship & Innovation at YSpace —a university run community innovation hub nestled in Downtown Markham —shares valuable […]
Tue Sep 19 2023
The Global Startup Ecosystem Rankings by StartupBlink
The Global Startup Ecosystem Index (GSEI) reveals the startup ecosystem rankings of 1,000 cities and 100 countries based on various factors. It uses an algorithm that considers many parameters and incorporates data from different sources and partners such as Crunchbase, SEMRush and Statista. The results of this index are also integrated with the StartupBlink Global […]
Fri Sep 08 2023
Where are the Cities of the Future for Startups?
At StartupBlink, we always say that where you base your startup highly affects your success. Hence, the Global Startup Ecosystem Index sheds light on location-based decisions for startups and other ecosystem stakeholders. In this episode of the Startup Ecosystem Podcast, Eli David and Martin Jordana go further to discuss the cities of the future for […]