Saudi Venture Capital Co. (SVC) has announced joint investments totaling SAR 1 billion across 17 venture capital, private-equity, and private-debt funds. These funds are managed by 11 prominent US-based fund managers, marking a significant step in strengthening economic and technological partnerships between Saudi Arabia and the United States.
The initiative is designed to support the growth of advanced-stage technology and innovation-driven companies, creating a powerful bridge between the two major economies.
A Strategic Push for Vision 2030
This SAR 1 billion deployment directly aligns with the Kingdom’s efforts to expand investment cooperation in high-potential strategic sectors. The move supports the broader goals of Vision 2030, which aims to build a diversified and sustainable national economy while creating high-quality opportunities within the private sector.
Key areas of focus for these investments include advanced technologies, artificial intelligence, supply chains, and the digital economy, all of which are central to Saudi Arabia’s long-term economic transformation.
Fostering Private Capital and Knowledge Transfer
Dr. Nabeel Koshak, CEO and Board Member of SVC, highlighted the strategic importance of the agreements in reinforcing the private sector’s role in the Saudi-US economic partnership. He emphasized the critical function of private capital in fueling company growth, expansion, and the creation of value-added jobs.
“SVC’s investments in US funds represent a practical model for boosting cross-border investment and knowledge transfer, in line with Vision 2030’s diversification and sustainability objectives,” Dr. Koshak stated.
Positioning the Kingdom as a Private Capital Hub
Through strategic investments in venture capital, private-equity, and private-debt funds, SVC aims to stimulate and sustain financing for late-stage and growth-stage companies. This strategy not only provides capital but also strengthens the Kingdom’s position as a burgeoning regional hub for private capital.
Furthermore, the initiative helps expand global partnerships and supports the development of high-potential industries and domestic capabilities in strategic sectors critical to the nation’s future.
About Saudi Venture Capital Co. (SVC)
Saudi Venture Capital (SVC) is a government investment company established in 2018 by the Small and Medium Enterprises General Authority (Monshaat) as part of the Financial Sector Development Program. SVC’s mission is to stimulate and sustain financing for startups and SMEs from the pre-seed to pre-IPO stage by investing SAR 7.5 billion through an Investment in Funds and a Co-investment in Startups program.
Source: Argaam
