Ministry of Communications and Information Technology, Saudi Arabia
Saudi Arabiamcit.gov.sa
Overview
A Saudi government ministry responsible for regulating and developing the communications and information technology (ICT) sector in Saudi Arabia. As part of Saudi Vision 2030, it actively fosters the digital economy by launching and managing large-scale initiatives and funding programs to support technology companies, enhance digital skills, and attract investment. The ministry's activities include providing funding support, facilitating access to investors, and launching specific programs like the National Technology Development Programme and the Technology Champions program to empower tech enterprises.
Portfolio Companies
4
Website
mcit.gov.saInvestments
| Company | Date | Stage | Lead |
|---|---|---|---|
| Reme-D Inc. | Mar 2024 | Grant | Co-investor |
| Plastus | Feb 2023 | Grant | Co-investor |
| OnEx | Nov 2021 | Accelerator | Co-investor |
| Untap Technologies | Nov 2021 | Accelerator | Co-investor |
Sector & Stage Mix
Industry, funding stage, and valuation band breakdowns.