The Startup Ecosystem of Riyadh

Riyadh has 57 startups in our sample database which represents about 59% of Saudi Arabia’s sampled 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

1st
0
In Saudi Arabia

Regional Ranking

5th
+
2
In Middle East

Global Ranking

155th
+
99
Worldwide
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ECOSYSTEM

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Ecosystem

The Startup Ecosystem in Riyadh

Startups in Riyadh excel in Fintech, Ecommerce & Retail, and and Transportation. There are some notable success stories contributing to the city’s growing Fintech industry. One of the most promising startups in Riyadh in 2023 is stc pay, Tamara, and Foodics.

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
StartupBlink ranks the startup ecosystems of 100 countries and 1,000 cities. Download our latest Global Startup Ecosystem Report.
Rows:
2023 National Rank & Change ▲
Access subscores for 1000 cities and 100 countries
2023 National Rank & Change City
search leaderboards icon
Global Rank & ChangeTotal ScoreQuantity ScoreQuality ScoreBusiness Score
1st
0
155th
+
98
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
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Startups

Notable Startups in Riyadh
stc pay startup icon
stc pay
Tamara startup icon
Tamara
Foodics startup icon
Foodics

Startups

Successful Fintech startups in Riyadh
stc pay startup icon
stc pay
Tamara startup icon
Tamara
Qoyod startup icon
Qoyod

Startups

Startups Ranking by Industry

Fintech icon
Fintech
#96 worldwide

On our map, you can explore a total of 16 startups for Fintech.

Ecommerce & Retail icon
Ecommerce & Retail
#106 worldwide

The Ecommerce & Retail industry in Riyadh is ranked 106 globally. There are 14 startups for Ecommerce & Retail on our sample database and map.

Transportation icon
Transportation
#117 worldwide

Transportation is ranked 117th in the world. Our database contains 11 startups for this industry.

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 72% 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.

ECOSYSTEM
Startup Infrastructure in Riyadh
With a large variety of initiatives, Riyadh's startup ecosystem stands out from other cities in Middle East. Riyadh offers a number of funding opportunities for entrepreneurs and startups. Below is a list of Riyadh's most prominent support initiatives:

Accelerators

SURE International Technology startup icon

SURE International Technology

Falak Business Hub startup icon

Falak Business Hub

Riyadh Valley Company startup icon

Riyadh Valley Company

Coworking Spaces

Regus - Riyadh, Al Olaya startup icon

Regus - Riyadh, Al Olaya

Spaces - Riyadh, Riyadh Park startup icon

Spaces - Riyadh, Riyadh Park

Regus - Riyadh, Al Malqa startup icon

Regus - Riyadh, Al Malqa

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