Blog dedicated to new Arab technology startups(startuparabia.com)
startuparabia.com
Blog dedicated to new Arab technology startups
http://www.startuparabia.com/
1 comments
Gulf states are awash in cash, but I'm not sure that's enough for technology startups.
I confirm that it's not enough, mainly because technology startups aren't actually seeing much of that money in the first place.
Most investments are going to construction / real estate projects, while technology ventures have to struggle for cash. Only a handful of VC firms are technology oriented, and even they don't have much projects in their portfolios.
But money isn't the only challenge, there are many more, like internet penetration, immature online advertising market, the environment, ...etc.
But money isn't the only challenge, there are many more, like internet penetration, immature online advertising market, the environment, ...etc.