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RIYADH: Leaders of the Group of Seven industrialized nations called on oil- and gas-producing countries to act responsibly and boost supplies to international markets.
In a statement they added that OPEC had a role to play in this.
They also said they would avoid introducing food export bans.
RIYADH: The Saudi Venture Capital Co. has announced that venture capital in Saudi Arabia achieved two historic leaps in 2025, in terms of investment volume and number of deals.
The Kingdom also reinforced its leading position in the Middle East region for the third consecutive year in terms of venture capital volume, a clear impact of the Saudi Vision 2030.
SVC explained that the Kingdom achieved a record number of venture capital deals, with 254 deals, during 2025. It also recorded another historic figure in venture capital volume, reaching $1.66 billion during 2025, compared to no more than $60 million in 2018.
This contributed to a 25-fold increase in investment volume since SVC’s establishment and its emergence within the ecosystem, confirming its role as a market maker.
CEO and Board Member of SVC, Nabeel Koshak, said: “These figures represent a structural transformation in venture capital. What the Kingdom has witnessed today in the venture capital sector is a result of the unlimited support of the wise leadership for all sectors, which has been translated today into a well-thought-out economic transformation, in which private investment has moved to a more mature stage.”
He added: “These figures reflect the strength of the Saudi economy, the clarity of the vision, and the confidence of investors, and confirm that the venture capital system has become a fundamental pillar for economic growth and diversification.”
Koshak stated that the volume of investment has increased 25-fold since 2018, achieving record highs in both investment size and the number of deals. This reflects the maturity of the market in terms of the competitiveness of local and regional investment funds, the attractiveness of investing in the Kingdom for global investment funds, and the readiness of companies and the diversity of sectors.
The CEO pointed out that venture capital contributes to building companies capable of expansion, provides quality jobs, and transforms innovation into sustainable economic value, in line with the objectives of the Kingdom's Vision 2030.
