Riyadh – Sharikat Mubasher: The Middle East and North Africa (MENA) region witnessed remarkable investment activity in December, with startups securing a total of $166.6 million through 32 deals.

According to a report by the Digital Digest, CredibleX came at the forefront raising $55 million in a seed funding round, which reflects strong investor confidence in the region’s innovation and growth potential.

The funding highlights sustained global interest in MENA's entrepreneurial landscape, with fintech, health tech, and digital platforms emerging as key beneficiaries.

The report revealed that the UAE accounted for 37.5% of the deals, followed by Saudi Arabia with 31.3%, and Egypt and Morocco each contributing 9.4%. In terms of investment value, the UAE dominated with 66.3% of the total, while Saudi Arabia secured 30.2%.

These investments underscore the region's growing role as a driver of economic transformation and its commitment to fostering innovation for sustainable development.